The growth rate surpasses South!This Southeast Asian country has a new high export of 28 years!China
- Author:sofreight.com
- Release Date:2023-02-16
In the context of global inflation and economy or falling into economic recession, Malaysia, one of the "Four Tigers in Asia", has achieved good results in economic development in 2022.
In 2022, Malaysia's exports increased by 25%, much higher than 10.6%of Vietnam.
Malaysia last year GDP growth
Create the best record since 2000
Recently, the Malaysian statistics department announced that the country's GDP last year (GDP) increased by 8.7%compared with 2021, the highest since 2000.
The statistical report states that in the third quarter of last year, Malaysia GDP recorded a high -speed growth of 14.2%compared with the same period in 2021; in the fourth quarter, economic growth slowed down, an increase of 7%over the same period of 2021.
The economic performance of Malaysia in the fourth quarter of last year and even the whole year was slightly better than the predictions of various research institutions.National Bank of Malaysia believes that the expansion of domestic demand, the recovery of tourism, the good labor market, and the strong demand for motor and electronic products in the world market are important factors that support the country's economy to continue to grow at the end of last year.
The head of the National Bank of Malaysia believes that many factors can help Malaysia offset the impact of the slowdown of global economic growth.This includes the continuous improvement of the Malaysian labor market, strong foreign direct investment, and Chinese tourists who are returning to Malaysia.
Malaysia exports increased by 25% in 2022
A few days ago, the official data released by Malaysia showed that in the last month of 2022, Malaysia's trade surplus narrowed year -on -year, but both imports and exports hit a record high, and the annual trade growth rate was the fastest since 1994.
This Southeast Asian country's December's trade surplus was 27.76 billion Linjit (approximately US $ 6.42 billion), which narrowed from 31.48 billion Lynch in the same period last year, but higher than 22.23 billion Linkt in November.
Exports increased by 6%in December to 13.189 billion Linjit, while imports increased by 12%to 104.13 billion Linjit.
In 2022, Malaysia's exports increased by 25%to 1.552 trillion Linjit; imports increased by 31.3%to 1.297 trillion Linjit.
The trade surplus expanded by 0.6%to 255.1 billion Linjit, and achieved a trade surplus for the 25th consecutive year.This is mainly driven by the strong exports of electrical and electronic products, petroleum products, liquefied natural gas and palm oil.
In terms of exports, the exports of finished products, agricultural products and mineral products have achieved double -digit growth.Strong export growth mainly benefits from electronic appliances, crude oil, liquefied natural gas, petroleum products, palm oil, palm oil -based agricultural products and machinery, equipment and parts, and each export value exceeds 10 billion Linjit.
In terms of imports, the three major categories are outstanding:
First, the demand for domestic fuel and lubricating oil consumption increased, leading to a semi -finished product import of 54.4%of the total imports increased by 29.3%to 705.74 billion Linjit;
Second, a large amount of imports from non -transport capital goods have increased the import of capital property with a total import amount of 9.3%increased by 15.9%to 120.32 billion Linjit;
Third, the increase in processing food and beverage imports, so that the import of consumer goods with a total import of 8%increased by 24%to 104.13 billion Linjit.
China is the largest import market in Malaysia
Cooperation with China is highly expected
Looking forward to 2023, some institutions are concerned that factors such as the slowdown in world economic growth and reduced external demand will challenge Malaysia's economic recovery.
In December last year, the Malaysian Manufacturing Manager Index (PMI) continued to decrease from 47.9 in November to 47.8. Since September, it has continued to be below the 50 Rongku line, which will have a large negative impact on import and export trade.
The governor of the National Bank of Malaysia (central bank) said that the slowdown of world economic growth will bring external impact, but Malaysia will still maintain growth momentum. It is expected that the GDP growth rate in 2023 will be between 4%and 5%.
Analysts pointed out that China is an important trading partner in Malaysia, and China -Malaysia economic and trade cooperation will continue to play an important role in Malaysia's economic development and transformation.
According to the report of the Malaysian Investment Development Bureau, in the first three quarters of last year, Malaysia approved a total of 130.7 billion Linkt (about 4.43 Linjit) from China, and its investment from China reached 49.2 billion Linjit, with the highest proportion.
Lu Zhaofu, Minister of Transport in Malaysia, said that the prosperity of Malaysia and China is inseparable from the active participation and dedication of Chinese -funded enterprises.Under the "Belt and Road" initiative, a large number of high, refined and sharp Chinese companies entered Malaysia to inject vitality and hope for the prosperity and development of Malaysia.
Lu Zhaofu said that Malaysia encouraged and welcomed more high -tech, energy conservation and environmental protection Chinese -funded enterprises to Malaysia to help Malaysia achieve economic transformation and industrial upgrading. It is expected that Chinese enterprises will continue to help Malaysia's economic development in terms of technology transfer and employment.
It is worth mentioning that China has become Malaysia's largest trading country for 14 consecutive years in 2022.The proportion of trade with China accounted for about 17.1%of Malaysia's total trade volume, and the trade volume increased by 15.6%year -on -year to 487.13 billion Linjit.
Last year, Malaysia's exports to China exceeded the 200 billion Linkta mark for the first time, an increase of 9.4%year -on -year.
At the same time, China is also the largest import market in Malaysia.The products imported from China account for about 21.3%of Malaysia's total imports.Driven by electronic and electrical products, machinery and equipment, parts, chemical and chemical products, the import volume in China increased by 20.7%throughout the year to 276.5 billion Linjit.
In 2022, Malaysia's exports increased by 25%, much higher than 10.6%of Vietnam.
Malaysia last year GDP growth
Create the best record since 2000
Recently, the Malaysian statistics department announced that the country's GDP last year (GDP) increased by 8.7%compared with 2021, the highest since 2000.
The statistical report states that in the third quarter of last year, Malaysia GDP recorded a high -speed growth of 14.2%compared with the same period in 2021; in the fourth quarter, economic growth slowed down, an increase of 7%over the same period of 2021.
The economic performance of Malaysia in the fourth quarter of last year and even the whole year was slightly better than the predictions of various research institutions.National Bank of Malaysia believes that the expansion of domestic demand, the recovery of tourism, the good labor market, and the strong demand for motor and electronic products in the world market are important factors that support the country's economy to continue to grow at the end of last year.
The head of the National Bank of Malaysia believes that many factors can help Malaysia offset the impact of the slowdown of global economic growth.This includes the continuous improvement of the Malaysian labor market, strong foreign direct investment, and Chinese tourists who are returning to Malaysia.
Malaysia exports increased by 25% in 2022
A few days ago, the official data released by Malaysia showed that in the last month of 2022, Malaysia's trade surplus narrowed year -on -year, but both imports and exports hit a record high, and the annual trade growth rate was the fastest since 1994.
This Southeast Asian country's December's trade surplus was 27.76 billion Linjit (approximately US $ 6.42 billion), which narrowed from 31.48 billion Lynch in the same period last year, but higher than 22.23 billion Linkt in November.
Exports increased by 6%in December to 13.189 billion Linjit, while imports increased by 12%to 104.13 billion Linjit.
In 2022, Malaysia's exports increased by 25%to 1.552 trillion Linjit; imports increased by 31.3%to 1.297 trillion Linjit.
The trade surplus expanded by 0.6%to 255.1 billion Linjit, and achieved a trade surplus for the 25th consecutive year.This is mainly driven by the strong exports of electrical and electronic products, petroleum products, liquefied natural gas and palm oil.
In terms of exports, the exports of finished products, agricultural products and mineral products have achieved double -digit growth.Strong export growth mainly benefits from electronic appliances, crude oil, liquefied natural gas, petroleum products, palm oil, palm oil -based agricultural products and machinery, equipment and parts, and each export value exceeds 10 billion Linjit.
In terms of imports, the three major categories are outstanding:
First, the demand for domestic fuel and lubricating oil consumption increased, leading to a semi -finished product import of 54.4%of the total imports increased by 29.3%to 705.74 billion Linjit;
Second, a large amount of imports from non -transport capital goods have increased the import of capital property with a total import amount of 9.3%increased by 15.9%to 120.32 billion Linjit;
Third, the increase in processing food and beverage imports, so that the import of consumer goods with a total import of 8%increased by 24%to 104.13 billion Linjit.
China is the largest import market in Malaysia
Cooperation with China is highly expected
Looking forward to 2023, some institutions are concerned that factors such as the slowdown in world economic growth and reduced external demand will challenge Malaysia's economic recovery.
In December last year, the Malaysian Manufacturing Manager Index (PMI) continued to decrease from 47.9 in November to 47.8. Since September, it has continued to be below the 50 Rongku line, which will have a large negative impact on import and export trade.
The governor of the National Bank of Malaysia (central bank) said that the slowdown of world economic growth will bring external impact, but Malaysia will still maintain growth momentum. It is expected that the GDP growth rate in 2023 will be between 4%and 5%.
Analysts pointed out that China is an important trading partner in Malaysia, and China -Malaysia economic and trade cooperation will continue to play an important role in Malaysia's economic development and transformation.
According to the report of the Malaysian Investment Development Bureau, in the first three quarters of last year, Malaysia approved a total of 130.7 billion Linkt (about 4.43 Linjit) from China, and its investment from China reached 49.2 billion Linjit, with the highest proportion.
Lu Zhaofu, Minister of Transport in Malaysia, said that the prosperity of Malaysia and China is inseparable from the active participation and dedication of Chinese -funded enterprises.Under the "Belt and Road" initiative, a large number of high, refined and sharp Chinese companies entered Malaysia to inject vitality and hope for the prosperity and development of Malaysia.
Lu Zhaofu said that Malaysia encouraged and welcomed more high -tech, energy conservation and environmental protection Chinese -funded enterprises to Malaysia to help Malaysia achieve economic transformation and industrial upgrading. It is expected that Chinese enterprises will continue to help Malaysia's economic development in terms of technology transfer and employment.
It is worth mentioning that China has become Malaysia's largest trading country for 14 consecutive years in 2022.The proportion of trade with China accounted for about 17.1%of Malaysia's total trade volume, and the trade volume increased by 15.6%year -on -year to 487.13 billion Linjit.
Last year, Malaysia's exports to China exceeded the 200 billion Linkta mark for the first time, an increase of 9.4%year -on -year.
At the same time, China is also the largest import market in Malaysia.The products imported from China account for about 21.3%of Malaysia's total imports.Driven by electronic and electrical products, machinery and equipment, parts, chemical and chemical products, the import volume in China increased by 20.7%throughout the year to 276.5 billion Linjit.