China remains Malaysia’s largest trading partner for 12 consecutive years
11 Oct 2021
China remains Malaysia’s largest trading partner, with 18.6 per cent of Malaysia’s total global trade in 2020 according to deputy Foreign Affairs Minister Datuk Kamaruddin Jaafar.
This is an increase of 8.1 percent from 2019, despite both countries were hit with the pandemic last year, he told Dewan Rakyat.
“China remains the largest trading partner for Malaysia for 12 consecutive years, where the value of bilateral trade reached RM329.77 billion for 2020.
For January – August 2021, the value bilateral trade has increased 35.2% and reached USD 108.28 billion, compared to the same period last year,” he added.
Malaysia and China co-operation remains solid and will continue to be strengthened from time to time, amid various arising issues such as the intrusion in South China Sea and the emergence of tripartite alliance AUKUS between the UK, US and Australia in the region.
” This includes close cooperation in dealing with the COVID-19 outbreak as well as post-pandemic,” said the deputy minister.
Source: The Malaysian Reserve