KUALA LUMPUR, April 5 — Malaysia secured RM2.44 billion (US$555.30 million) in potential exports during Prime Minister Datuk Seri Anwar Ibrahim’s visit to China last week, said the Malaysian External Trade Development Corporation (Matrade) today.
The products Chinese importers were interested to source from Malaysia included palm oil, food and beverages, durian and iron products, the government trade agency said in a statement.
China is Malaysia’s largest trading partner.
Malaysia’s exports to China totalled nearly US$48 billion last year, though it declined 9.1 per cent in the first two months of 2023, Matrade said.
During his visit, it added that Anwar witnessed the signing of trade agreements between Malaysian and Chinese businesses.
China will invest an estimated US$38.6 billion in Malaysia, including in the petrochemical and automotive industries, Anwar told parliament earlier this week, without specifying a timeframe.
— Reuters
