{"id":8155,"date":"2018-07-18T05:34:49","date_gmt":"2018-07-18T05:34:49","guid":{"rendered":"http:\/\/rakansarawak.com\/webv\/?p=8155"},"modified":"2018-07-18T05:34:49","modified_gmt":"2018-07-18T05:34:49","slug":"sarawaks-trade-recorded-positive-for-first-five-months-of-2018","status":"publish","type":"post","link":"https:\/\/www.rakansarawak.com\/v4\/2018\/07\/18\/sarawaks-trade-recorded-positive-for-first-five-months-of-2018\/","title":{"rendered":"Sarawak\u2019s trade recorded positive for first five months of 2018"},"content":{"rendered":"

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For the first five months of 2018, Sarawak\u2019s trade saw a positive growth with total trade value of RM56.5 billion, an increase of 2.9 percent from the same period in 2017.<\/p>\n

YB Dato Sri Wong Soon Koh stated this during his winding-up speech as Minister for International Trade and E-Commerce during the 7th day of the 1st Meeting of the 3rd Term of the 18th State Legislative Assembly on 17th July 2018.<\/p>\n

Peninsular Malaysia, Japan, China, South Korea and Taiwan remained as the State\u2019s top five trading partners, contributing 68.7 percent of Sarawak\u2019s total trade.<\/p>\n

Trading between the State and ASEAN countries has also improved, with a trade value increase of 38.3 percent from RM4.4 billion in the first five months of 2017 to RM6.1 billion in the same period of 2018.<\/p>\n

The State\u2019s total export was RM39.4 billion from January to May 2018, most of which came from traditional major products such as liquefied natural gas; crude petroleum; palm oil; aluminium; petroleum condensate and others; and timber and timber products.<\/p>\n

The export of ferroalloys, despite being a new product, has performed exceptionally well, contributing 5.0 percent of the State\u2019s total export value.<\/p>\n

With main export destinations being Japan, European Union (EU) and South Korea, it grew more than double from RM975.2 million in 2017 to RM2.0 billion in 2018.<\/p>\n

Meanwhile, import value for Sarawak in the same period was RM17.1 billion, with major import products including machinery and transport equipment; chemicals; manufactured goods; and food.<\/p>\n

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