Page 224 - Official Year Book 2020
P. 224
0 FFICIAL YEAR BOOK 2020 services and primary sectors in 2020. MALAYSIA EXTERNAL TRADE
These investments are expected to STATISTICS
create 114,673 job opportunities in
various sectors of the economy once Year 2020 has been challenging to
implemented. In contrast, a total of 5,287 global trade as a result of the stringent
projects with investments of RM211.4 lockdown measures imposed across the
billion were approved in 2019. board due to the COVID-19 pandemic.
This directly caused major disruption
The decline was weighed by the services to global supply chains, especially
and primary sectors which were directly movement of goods and services,
impacted by declines in global demands and severely affected manufacturing
due to the pandemic and the Movement activities.
Control Order (MCO) implementation.
Despites this unprecedented scenario,
In 2020, Domestic Direct Investments Malaysia’s external trade performed
(DDI) accounted for the bulk of the total fairly well with exports rebounding in
approved investmentswith a contribution the second half of 2020 as compared
of 60.9 percent (RM99.8 billion), while to the negative growth recorded in
Foreign Direct Investments (FDI) made the first half of the year. This could be
up the remaining RM64.2 billion (39.1 attributed to the progressive opening
percent). The manufacturing sector led of the economy and gradual recovery
the way for total investments approved of external demand. In fact, exports
in 2020, recording RM91.3 billion,followed in December was the highest monthly
by the services sector RM66.7 billion and value recorded for 2020.
the primary sector with RM6.0 billion.
Exports to China recorded a new high
The People’s Republic of China (RM18.1 in 2020 and similar momentum was
billion), Singapore (RM10.0 billion) and reported for the United States which
the Netherlands (RM7.0 billion) were the posted the largest value in the last
top three (3) FDI sources from overall decade. There was significant export
economic sectors in Malaysia, accounting growth to the emerging markets notably
for more than half (54.9 percent) of the in Costa Rica, Kazakhstan, Kenya,
total approved FDI for the year. Nigeria, Ghana and Cote d’lvoire. Rubber
products, electrical and electronics
Selangor (RM38.7 billion) recorded the (E&E) products, as well as palm oil and
highest investments approved last palm oil-based agriculture products
year, followed by Sabah (RM21.0 billion), registered strong export expansion.
Sarawak (RM19.6 billion), Kuala Lumpur
(RM17.1 billion) and Penang (RM16.0 Meanwhile, the trade surplus was the
billion). These five (5) states alone highest ever recorded thus maintaining
contributed more that 60 percent of the a sustained surplus trend for 23
total approved investments for 2020. consecutive years since 1998. Malaysia’s
These investments are expected to STATISTICS
create 114,673 job opportunities in
various sectors of the economy once Year 2020 has been challenging to
implemented. In contrast, a total of 5,287 global trade as a result of the stringent
projects with investments of RM211.4 lockdown measures imposed across the
billion were approved in 2019. board due to the COVID-19 pandemic.
This directly caused major disruption
The decline was weighed by the services to global supply chains, especially
and primary sectors which were directly movement of goods and services,
impacted by declines in global demands and severely affected manufacturing
due to the pandemic and the Movement activities.
Control Order (MCO) implementation.
Despites this unprecedented scenario,
In 2020, Domestic Direct Investments Malaysia’s external trade performed
(DDI) accounted for the bulk of the total fairly well with exports rebounding in
approved investmentswith a contribution the second half of 2020 as compared
of 60.9 percent (RM99.8 billion), while to the negative growth recorded in
Foreign Direct Investments (FDI) made the first half of the year. This could be
up the remaining RM64.2 billion (39.1 attributed to the progressive opening
percent). The manufacturing sector led of the economy and gradual recovery
the way for total investments approved of external demand. In fact, exports
in 2020, recording RM91.3 billion,followed in December was the highest monthly
by the services sector RM66.7 billion and value recorded for 2020.
the primary sector with RM6.0 billion.
Exports to China recorded a new high
The People’s Republic of China (RM18.1 in 2020 and similar momentum was
billion), Singapore (RM10.0 billion) and reported for the United States which
the Netherlands (RM7.0 billion) were the posted the largest value in the last
top three (3) FDI sources from overall decade. There was significant export
economic sectors in Malaysia, accounting growth to the emerging markets notably
for more than half (54.9 percent) of the in Costa Rica, Kazakhstan, Kenya,
total approved FDI for the year. Nigeria, Ghana and Cote d’lvoire. Rubber
products, electrical and electronics
Selangor (RM38.7 billion) recorded the (E&E) products, as well as palm oil and
highest investments approved last palm oil-based agriculture products
year, followed by Sabah (RM21.0 billion), registered strong export expansion.
Sarawak (RM19.6 billion), Kuala Lumpur
(RM17.1 billion) and Penang (RM16.0 Meanwhile, the trade surplus was the
billion). These five (5) states alone highest ever recorded thus maintaining
contributed more that 60 percent of the a sustained surplus trend for 23
total approved investments for 2020. consecutive years since 1998. Malaysia’s
