KUALA LUMPUR, April 21 (Bernama) -- The Malaysia External Trade Development Corporation (MATRADE) today announced a comprehensive Strategic Mitigation Plan titled "Resilience through Intelligence" to shield Malaysian exporters from the impacts of escalating global trade friction and geopolitical uncertainty.
The announcement comes as Malaysia records a steady growth of first-quarter trade performance, with exports climbing 12.7% to RM426.53 billion and a trade surplus of RM63.22 billion, marking a 54% surge compared to the same period of last year. Despite this growth, MATRADE’s internal monitoring and industry data indicate that 90.5% of manufacturers are currently affected by global disruptions, specifically through rising logistics costs and raw material shortages and MATRADE anticipates the adverse effects can only be felt from second quarter onwards.
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