by NUR HANANI AZMAN / pic by MUHD AMIN NAHARUL

MALAYSIA’S exports performance remained strong in January 2022, recording double digit growth by 23.5% to RM110.7 billion.

Export value surpassed the RM100 billion mark for the fifth consecutive month since September 2021, according to Department of Statistics Malaysia (DOSM).

Consistent with the growth in exports, imports also registered a double-digit growth of 26.4% to RM92.3 billion, year-on-year.

Total trade expanded by 24.8% to RM203.0 billion in January 2022.

Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the expansion in exports in January 2022 was supported by both domestic exports and re-exports.

“Domestic exports stood at RM90.9 billion and contributed 82.1% to the total exports, widened by 26.1%. While, the re-exports with a value of RM19.8 billion, increased by 13.2% compared to January 2021.

“Imports were higher by 26.4% to RM92.3 billion and total trade expanded by 24.8% from RM162.6 billion in January 2021 to RM203.0 billion. Trade surplus in January 2022, with a value of RM18.4 billion marked the 21st consecutive months of trade surplus since May 2020,” he said in a statement.

In comparison to December 2021, the performance of exports, imports, total trade and trade surplus showed declines of 10.6%, 0.6 %, 6.3% and 40.6% respectively.