KUALA LUMPUR: Malaysia’s export growth is projected to rebound by 8.2 per cent in 2021 driven by the improvement in external demand, said Deputy International Trade and Industry Minister Senator Datuk Lim Ban Hong (pic).
He said Malaysia’s exports had shown a positive growth trajectory following the progressive opening of the economy and gradual recovery of external demand.
Trade for the first five months of the year grew by 26 per cent year-on-year to RM867.4 billion (US$212.04 billion).
“The export growth was contributed mainly by robust demand for electrical and electronic products, mainly semiconductors, due to the increasing orders for work-from-home equipment and digitalisation of businesses; rubber products as well as petroleum products,” he said in a keynote address at the opening of the eNational Export Day (eNED) 2021 today. – Bernama