KUALA LUMPUR, Feb 7 — Malaysia’s total trade is expected to moderate to five per cent growth in 2018 from RM1.774 trillion in 2017, International Trade and Industry Minister, Datuk Seri Mustapa Mohamed said today.
Total trade for 2017 was the highest in 13 years, with exports of all key sectors recording double-digit growth. Exports for the year also grew significantly by 18.9 per cent, the strongest growth since 2005, to reach a new high of RM935.39 billion.
“It’s not realistic to expect a similar performance in 2018 given the high base effect. Nonetheless, we believe growth will continue at modest pace,” he said at a press conference here today.
He said Malaysia External Trade Development Corporation would continue to expand and diversify its export promotion activities in 2018 as the country need to deepen and expand its export base. — Bernama