Tag: Imports

Malaysia's exports rose 9.8% to RM112.28 billion in February 2023, with robust sales of petroleum products, electrical and electronic goods, and liquefied natural gas. Imports increased 12.4% to RM92.71 billion, resulting in a RM19.56 billion trade balance, marking a 7.9% increase from January.

Following Miti's approval for Tesla to import battery electric vehicles, several Malaysian EV-linked stocks experienced significant gains, including KESM Industries, Pentamaster, and Genetec Technology.

Malaysia's Department of Statistics reports a significant rise in total trade for December 2022, reaching RM236.0 billion. Exports increased by 6.0% to RM131.9 billion, while imports grew 12.0% to RM104.1 billion. The annual trade milestone of RM2.8 trillion was achieved, with states like Johor and Sarawak contributing to the export performance.