Malaysia Export To China 2020

For the first nine months of 2020 the trade surplus rose 14 8 to myr124 94 billion.

Malaysia export to china 2020. China s appetite for durians has been on the rise over the past few years and its status as the top export destination for major durian producing countries worldwide such as malaysia and thailand does not look likely to significantly waiver any time soon. Exports gained 4 4 to myr260 62 billion while imports contracted 6 3 to myr200 25 billion. On a month to month basis malaysia s palm oil exports to china decrease by 2 4 or 7 196 mt from 289 389 mt in july 2020 to 296 585 mt in august 2020. Malaysia s august 2020 total trade which combines the nation s export and import values was 4 6 lower y o y at rm145 1 billion according to the department.

August 2020 exports of 296 585 mt is 518 mt or 0 2 lower than the preceding year s exports of 297 103 mt. Exports to malaysia in china averaged 3859318 91 usd tho from 2014 until 2020 reaching an all time high of 6360400 usd tho in february of 2020 and a record low of 1860790 91 usd tho in february of 2014. Imf says india philippines malaysia are expected to contract sharply this year but china set to grow by 1 9 percent. 22 oct 2020 kimchi crisis.

Exports to china amounted to rm139 61 billion in 2019 constituting 14 2 of total exports. Typhoon hit south korea suffers cabbage shortage. China surpassed singapore as malaysia s largest export destination after being the second largest. However imports of consumption goods registered an increase of 2 9 to rm6 4 billion the department said.