Malaysia-China bilateral trade up 20.6pc in 2017

Ong said total exports accounted for RM126.15 billion, up 28 per cent, while imports rose 15.5 per cent to RM164.50 billion. — AFP pic
Ong said total exports accounted for RM126.15 billion, up 28 per cent, while imports rose 15.5 per cent to RM164.50 billion. — AFP pic

KUALA LUMPUR, Feb 23 ― Malaysia-China total bilateral trade grew 20.6 per cent to reach RM290.65 billion last year compared with RM240.9 billion in 2016, said Malaysia External Trade Development Corporation (Matrade).

Export Promotion & Market Access Division Director (China & North-east Asia Section) Ong Yew Chee said total exports accounted for RM126.15 billion, up 28 per cent, while imports rose 15.5 per cent to RM164.50 billion.

“Based on the good performance of our bilateral trade in 2017, the government plans to focus more on further promoting local companies with high value-added technology products and services, such as in healthcare, environmental and energy saving, to the China market.

“We believe there are huge opportunities in these sectors, apart from the big-ticket items like electrical and electronics, machinery and chemicals as well as the food and beverages segment,” he told a press conference here today in conjunction with the upcoming 5th China-South Asia Expo and 25th China Kunming Import Export Fair from June 14 to 20, 2018. ― Bernama