Selangor Records Rm639.2 Bln In Total Trade Value From January To September - Exco
SHAH ALAM, Nov 21 (Bernama) -- Selangor recorded a total trade value of RM639.2 billion, accounting for 29.9 per cent of the country’s total trade, from January to September 2024.
State Executive Councillor (exco) for Investment, Trade, and Mobility Ng Sze Han said this figure marked an increase of 13.9 per cent compared to the same period last year.
He added that for its contribution to the country’s total exports, Selangor recorded RM264 billion, contributing 23.7 per cent.
Meanwhile, Selangor accounted for 36.6 per cent of the country’s total imports, amounting to 1.2 billion.
“Among the main trade products of Selangor are machinery and equipment valued at RM273.35 billion, manufactured goods at RM101.99 billion, chemicals at RM78.65 billion, various manufactured articles at RM65.35 billion, and food at RM46.37 billion.
“Meanwhile, Selangor’s main trade partners are China (contributing 23.9 per cent), the United States (12.1 per cent), Japan (6.5 per cent), Indonesia (4.4 per cent), and India (4.1 per cent),” Ng said during the Selangor State Legislative Assembly sitting here today.
He was responding to Datuk Seri Mohamed Azmin Ali (PN-Hulu Kelang), who inquired about Selangor’s trade performance for 2024.
Ng said Selangor’s trade performance also showed significant improvement following Malaysia’s involvement in the Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in 2022.
“For example, the average trade recorded in the three years before Malaysia’s involvement in the RCEP and CPTPP stood at RM615.44 billion.
“After 2022, the average trade value recorded was RM738.47 billion,” he said.
-- BERNAMA