Tag Archives: Trade Performance
Export numbers for December 2009 show a 9.2% rise to RM54.67 billion from the preceding month. With exports overall for the year having contracted only 16.6% compared to the earlier forecast of 20%, more green shoots are coming through.
Recovery was led primarily by the recovery in the electrical and electronics sector which accounted for 41.2% of Malaysia’s total exports
Where’s it all going?
The top five destinations were Singapore, China, Japan, the US and Thailand making Asia the main destination. China’s share of Malaysia’s total exports almost doubled in the five year period to 2009. It was 12.2% as compared with 6.6% in 2005. If taken in combination with Hong Kong, China is now Malaysia’s largest export destination accounting for 17.4% of total exports.
We forecast exports will grow by 3.5% this year as they continue along the path towards recovery. In the meantime we will strive to strengthen existing FTAs as well as negotiate and conclude ongoing... Read More