According to data provided by Statistics Malaysia, in January 2024, Malaysia's total external ** reached RM234.7 billion, a year-on-year increase of 133%。Among the various items, exports grew by 8 to RM122.4 billion7%；Imports grew by 18.8 billion to RM112.3 billion8%。Among the major partners, the top three were China, Singapore and the United States, with a value of RM39.6 billion, RM31.4 billion and RM22.1 billion respectively, respectively, year-on-year growth. 6% and 295%。
In terms of exports, Singapore, China and the United States were the top three with exports of RM17.4 billion, RM13.9 billion and RM13.5 billion respectively, accounting for the total exports in the same period. 3% and 11%. The main commodities with export growth included oil, palm oil, natural rubber, wood and wood products, while exports declined mainly in electrical and electronic products and liquefied natural gas.
In terms of imports, China, Singapore and the United States were the top three importers, with imports of RM25.7 billion, RM14 billion and RM8.6 billion respectively, accounting for the total imports in the same period. 4% and 8%. Commodities with a large increase in imports include electronic appliances, petroleum, machinery and equipment parts, and mineral products.
*: Economic and Commercial Section of the Embassy of the People's Republic of China in Malaysia.