Trade rises 18.6% to RM252.65bil in August, fastest growth rate in 22 months

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KUALA LUMPUR: Malaysia’s trade has continued its stellar performance in August, growing 18.6 per cent year-on-year to RM252.65 billion -- the fastest growth rate in 22 months, according to the Investment, Trade and Industry Ministry (MITI).

Exports to the US surged to a new record high, mainly due to higher demand for E&E products such as semiconductor devices and integrated circuits.

In terms of markets, it said exports to all major trading partners, namely ASEAN, China, the United States (US), the European Union and Taiwan had expanded.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaTaiwanUnited States

Topics: August Trade MITI /Business/Business News Export Import Economy Trade performance

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-19 @ 12:16:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 411 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22584930

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