Malaysia's trade surges to new high of 696 bln USD in 2024

KUALA LUMPUR, July 29 (Xinhua) -- Malaysia's trade surged 9.2 percent year-on-year to a new high of 2.9 trillion ringgit (696 billion U.S. dollars) in 2024, official data showed Tuesday.

The Department of Statistics Malaysia (DOSM) said in a statement that Malaysia's trade performance in 2024 showed strong momentum, reflecting the country's adaptability and robust trade.

The year-on-year trade growth was in tandem with the increases in both exports (5.8 percent) and imports (13.1 percent).

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