KUALA LUMPUR, Jan. 20 -- Malaysia's trade value surged 9.2 per cent to a record RM2.879 trillion in 2024, surpassing the RM2 trillion mark for the fourth consecutive year.
In a statement today, the Ministry of Investment, Trade and Industry (Miti) reported that exports topped RM1 trillion for the fourth year in a row, rising 5.7 per cent to RM1.508 trillion.
This figure exceeded 87.2 per cent of the export target set for 2025 under the Mid-Term Review of the 12th Malaysia Plan (12MP), it added.
Imports, meanwhile, increased by 13.2 per cent year-on-year to RM1.371 trillion, crossing the RM1 trillion threshold for the third consecutive year.
"This strong performance resulted in a trade surplus of RM136.88 billion, marking 27 consecutive ...