malaysiachina trade hits rm1706 billion for 1st nine months in 2016
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Malaysia-China Trade Hits RM170.6 Billion For 1st Nine Months in 2016

Arab Today, arab today

Arab Today, arab today Malaysia-China Trade Hits RM170.6 Billion For 1st Nine Months in 2016

Malaysia-China Trade
Kuala Lumpur - FANA NEWS

Bilateral trade between Malaysia and China hit RM170.6 billion in the first nine months of the year, up 1.3 % when compared with the same period a year ago.
Malaysian Second Deputy Finance Minister Datuk Lee Chee Leong said of this figure, finished products contributed RM154.7 billion, followed by agricultural products (RM9.2 billion) and minerals (RM6 billion).
“For the same period, Malaysia’s imports from China rose 9.1 % year-on-year (y-o-y) to reach RM102.7 billion,” he added.
Exports, however, dropped 8.5 % y-o-y to RM67.9 billion.
Lee attributed this to weakened exports in electrical and electronic products, as well as lower demand for commodities such as palm oil, liquefied natural gas and natural rubber, due to a slowdown in growth of the world’s second largest economy. (QNA)

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