Overview

Strong Expansion of Exports Was Underpinned by Electronic Integrated Circuits Products Worth RM298.9 billion Mainly in Pulau Pinang And Selangor in 2023

• Malaysia’s total trade in 2023 amounted to RM2.6 trillion with exports of RM1.4 trillion and imports worth RM1.2 trillion.  
• Malaysia’s exports in 2023 registered a drop of 8.0 per cent to RM1.4 trillion as compared to 2022. Lower exports were recorded in most states such as Johor (-RM31.9 billion), Selangor (-RM21.2 billion), Sarawak (-RM20.3 billion), Pulau Pinang (-RM20.2 billion), Sabah (-RM17.8 billion), W.P. Labuan (-RM7.5 billion), Perak (-RM5.1 billion), Pahang (-RM3.0 billion), Melaka (-RM2.4 billion), Terengganu (-RM1.7 billion) and Perlis (-RM134.1 million). However, exports increased in Kedah (+RM6.2 billion), W.P. Kuala Lumpur (+RM418.7 million), Negeri Sembilan (+RM369.4 million) and Kelantan (+RM354.6 million).
• Pulau Pinang remained as the top exporter with a share of 31.4 per cent, followed by Johor (20.3%), Selangor (17.7%), Sarawak (7.8%) and W.P. Kuala Lumpur (4.6%). 
• On the same note, Malaysia’s imports in 2023 registered a decrease of 6.4 per cent or RM82.3 billion as compared to the previous year. The decrease in imports was led by lower imports by most states namely Pulau Pinang (-RM43.8 billion), Johor (-RM13.9 billion), Selangor (-RM9.9 billion), Kedah (-RM7.8 billion), Negeri Sembilan (-RM4.5 billion), Sarawak (-RM3.3 billion), Perak (-RM2.7 billion), W.P. Labuan (-RM1.3 billion), Melaka (-RM923.3 million) and Perlis (-RM132.8 million). However, imports increased in W.P. Kuala Lumpur (+RM5.1 billion), Pahang (+RM1.9 billion), Terengganu (+RM1.0 billion), Kelantan (+RM246.3 million) and Sabah (+RM209.3 million). 
• Meanwhile, as for imports, Selangor remained as the largest contributor with a share of 26.6 per cent, followed by Johor (22.4%), Pulau Pinang (20.7%), W.P. Kuala Lumpur (7.6%) and Kedah (5.4%).

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