Malaysia's April Exports Up 63 Pct, Fastest Growth Since February 1998
Umer Jamshaid Published May 28, 2021 | 04:20 PM
KUALA LUMPUR, (UrduPoint / Pakistan Point News - 28th May, 2021 ) :Malaysia's exports surged 63 percent year on year to 105.62 billion Ringgit (about 25.54 billion U.S. Dollars) in April, the fastest growth since February 1998, official data showed Friday.
The International Trade and Industry Ministry said in a statement that the expansion in exports was sustained by higher global demand primarily for electrical and electronic (E&E) products, mainly semiconductors in tandem with increasing digitalization and 5G technology development, rubber products as well as petroleum products.
Exports to all major markets, namely the Association of Southeast Asian Nations (ASEAN), China, the United States, the European Union and Japan, registered positive growth, it added.
Trade in April jumped 43.2 percent year on year to 190.76 billion ringgit, with imports rose 24.4 percent to 85.14 billion ringgit.
For the first four months of 2021, Malaysia's total trade grew by 21.4 percent year on year to 696.46 billion ringgit. Exports increased by 27.8 percent to 387.81 billion ringgit while imports rose by 14.3 percent to 308.65 billion ringgit. (1 U.S. Dollar equals 4.13 Malaysian ringgit)
Related Topics
Recent Stories
UAF to ink MoU with Ethiopian universities
Scouts playing exemplary role in serving humanity: Dr Iqrar
Punjab Police cricket honored with shields, medals & CCI certificates
Bugti issues directives to operate circular road parking plaza
PML-N to become more strong under Nawaz Sharif: Rana Sanaullah
300 raids conducted on hideous of drug-dealers
IP rights crucial in achieving SDG : Jam Kamal
Commissioner urges effective action against electricity theft
PAK-EPA's clean lab boosts environmental analysis capabilities with advanced ICP ..
Romania court opens way for start of influencer Tate's trial
Japan International Cooperation Agency (JICA) delegation visits WSSCA
13 outlets sealed for violating Hepatitis preventive SOPs
More Stories From Miscellaneous
-
Modern Education Techniques: A pathway to achieve economic development
10 hours ago -
Kite Flying: From cultural festival to deadly sport
10 hours ago -
PDMA predicts gusty wind, rain with thunder, hails
3 days ago -
Iranian president Raisi given guard of honour at PM House
4 days ago -
Intellectuals, writers accolades Naseer Mirza on his literary contribution
5 days ago -
Bahawalpur Adabi Sangat hosts memorable mushaira
5 days ago
-
Cattle farming vital to alleviate poverty in rural areas
5 days ago -
Pakistan: A land of tourism, archeological wonders
5 days ago -
Transforming education sector: from job hunters to job creators
7 days ago -
Amjad Bobby remembered on 19th death anniversary for timeless contributions to music
11 days ago -
Legendary actor Nadeem’s 26 films released on Eid-ul-Fitr days in 50 years
12 days ago -
Besant Hall Cultural Centre to celebrate evening with Sanam Marvi on 26 April
12 days ago