Malaysia’s Trade Trends October 2022

According to the latest data issued by the Ministry of International Trade and Industry, Malaysia’s total trade expanded by 21.1% to USD 54 billion in October 2022, while the cumulative growth in the first ten months of 2022 was 31.6%.

In October 2022, exports expanded by 15% to USD 29 billion, while imports grew by 29.2%, reaching USD 25 billion, recording a trade surplus of USD 4 billion.

The Association of Southeast Asian Nations (ASEAN) is a political and economic union of ten members, has 667 million people and a territory of 4.5 million Km2; is currently the third largest economy in Asia-Pacific and the fifth largest in the World. The ASEAN Economic Community (AEC) has a combined GDP of USD 3.6 trillion, according to estimates for 2022.