Ministry of International Trade and Industry

The rise and fall of COVID-19 cases may have cast some doubts but overall, the trade market remains bullish. Trade with ASEAN for the month of February 2021 constituted RM40.95 billion or 26% of Malaysia’s total trade, increased by 13.2% compared to February 2020. Exports recorded a double-digit expansion of 13.7% to RM24.42 billion owing to higher exports of E&E products and petroleum products. Imports from ASEAN expanded by 12.4% to RM16.52 billion.

Contributing significantly to the trade market performance is the manufacturing sector. Its growth is driven by Electrical & Electronic products; Food, Beverage and Tobacco products, Transport Equipment and others. 

As frontliners of the economy, MITI and the agencies under its purview strive to facilitate trade in a secure trading environment, promoting Malaysia as a safe country to trade and continue to strengthen cooperation with the private sector and relevant multilateral organisations. 

MITI continues to monitor its various programmes to ensure effectiveness and impact, straddling the line between economic sustainability and public health. We intend to facilitate a smooth and progressive recovery for the betterment of all. 

Recollective intends to capture the moments on the digital plane, immortalising the efforts of our agencies to protect livelihoods and resuscitate the economy. In addition, we keep track of the overall monthly trade performance and numerous investment news that may cast away doubts. 

Come what may, there will always be a silver lining and we want to be right where the action’s at to capitalise on the positives. We’re in this together; stay tuned and stay committed. 

#EconomicFrontliners

MITI Recollective Editorial Team