Malaysia's total trade rose marginally to RM118.31 billion in January 2016 from RM118.25 billion recorded in the same month in 2015, supported by exports of manufactured goods.
The International Trade and Industry Ministry (MITI) in a statement said the higher trade numbers serve to underline Malaysia's resilience despite the challenging global economic environment.
According to Bernama, exports of manufactured goods for January 2016 grew by RM1.95 billion to RM50.59 billion, accounting for 81.8 per cent of Malaysias total exports.
The increase was supported mainly by higher exports of machinery, equipment and parts by RM588.7 million, electrical and electronic products (up RM566 million), manufactures of metal (up RM496 million) as well as optical and scientific equipment (up RM407.1 million).
Higher trade was recorded with ASEAN which grew by RM1.6 billion, China (up RM827.2 million), the United States of America (up RM727 million), India (up RM600 million), Germany (up RM353.1 million), Switzerland (up RM350.8 million) and Turkey (up RM317.9 million).
A positive trade balance of RM5.39 billion was recorded in January 2016, despite overall exports decreasing by 2.8 per cent to RM61.85 billion while imports expanded by 3.3 per cent to RM56.46 billion.
This was the 219th consecutive month of trade surplus recorded since November 1997.
On a sectoral basis, MITI said the export performance in January 2016 was affected by a contraction in exports of mining goods which declined by 40.9 per cent due mainly to lower exports of liquefied natural gas and crude petroleum.
This was partly cushioned by higher exports of both manufactured and agricultural goods which increased by 4.0 per cent and 5.7 per cent, respectively.
Agricultural goods accounted for 8.5 per cent of Malaysias total exports in January 2016 while mining goods contributed 9.1 per cent.
Astro Awani
Fri Mar 04 2016
MITI said the export performance in January 2016 was affected by a contraction in exports of mining goods due mainly to lower exports of liquefied natural gas and crude petroleum-Bernama Photo
The scamdemic targeting the young and vulnerable
Teenagers and young adults are becoming prime targets for a new wave of cyber scams, a trend raising alarm bells across Southeast Asia.
Japanese manicurist takes on plastic pollution, one nail at a time
Before global leaders address plastic pollution, a Japanese manicurist highlights the issue by incorporating it into her nail designs.
What to watch for ahead of US presidential inauguration
Here's a timeline of events between now and inauguration day.
The battle to reduce road deaths
In Malaysia, over half a million road accidents have been recorded so far this year.
Pro-Palestinian NGOs seek court order to stop Dutch arms exports to Israel
The Dutch state, as a signatory to the 1948 Genocide Convention, has a duty to take all reasonable measures at its disposal to prevent genocide.
How quickly can Trump's Musk-led efficiency panel slash US regulations?
Moves by Trump and his appointees to eliminate existing rules will be met with legal challenges, as many progressive groups and Democratic officials have made clear.
2TM: Consultations on PTPTN loans, admission to IPTA at MOHE booth
Consultations on PTPTN loans and admission to IPTA are among services provided at the Higher Education Ministry booth.
Kampung Tanjung Kala residents affected by flooded bridge every time it rains heavily
Almost 200 residents from 60 homes in Kampung Tanjung Kala have ended up stuck when their 200-metre (m) long concrete bridge flooded.
COP29 climate summit draft proposes rich countries pay $250 billion per year
The draft finance deal criticised by both developed and developing nations.
Bomb squad sent to London's Gatwick Airport after terminal evacuation
This was following the discovery of a suspected prohibited item in luggage.
Kelantan urges caution amidst northeast monsoon rains
Kelantan has reminded the public in the state to refrain from outdoor activities with the arrival of the Northeast Monsoon season.
Former New Zealand PM Jacinda Ardern receives UN leadership award
Former New Zealand prime minister Jacinda Ardern was given a global leadership award by the United Nations Foundation.
ICC'S arrest warrants for Netanyahu, Gallant an apt decision - PM
The decision of the ICC to issue arrest warrants against Benjamin Netanyahu and Yoav Gallant is apt, said Datuk Seri Anwar Ibrahim.
KTMB provides two additional ETS trains for Christmas, school holidays
KTMB will provide two additional ETS trains for the KL Sentral-Padang Besar route and return trips in conjunction with the holidays.
BNM'S international reserves rise to USD118 bil as at Nov 15, 2024
Malaysia's international reserves rose to US$118.0 billion as at Nov 15, 2024, up from US$117.6 billion on Oct 30, 2024.
Findings by dark energy researchers back Einstein's conception of gravity
The findings announced are part of a years-long study of the history of the cosmos focusing upon dark energy.
NRES responds to Rimbawatch press release on COP29
The Ministry of Natural Resources and Environmental Sustainability (NRES) wishes to offer the following clarifications to the issues raised.
Online Safety Bill and Anti-Cyberbullying Laws must carefully balance rights and protections
The Online Safety Advocacy Group (OSAG) stands united with people in Malaysia in the fight against serious online harms.
Malaysia's inflation at 1.9 pct in Oct 2024 - DOSM
Malaysia's inflation rate for October 2024 has increased to 1.9 per cent, up from 1.8 per cent in September this year.
Saudi Arabia showcases Vision 2030 goals at Airshow China 2024
For the first time, Saudi Arabia is participating in the China International Aviation & Aerospace Exhibition held recently in Zhuhai.