Malaysia banks on chips, palm oil to drive trade in challenging 2020

Sheridan Mahavera

Export of palm oil products, which accounted for RM43.10 billion of exports in 2019, is expected to grow in 2020 due to higher demand and lower supply, says Matrade. – The Malaysian Insight file pic, February 13, 2020.

A RISE in world demand for semi-conductors, integrated circuits and palm oil products are among the factors Malaysia is counting on to boost trade in a challenging global environment this year.

Semi-conductors make up 59.5% of Malaysia’s electronic and electrical (EnE) exports, said the Malaysia External Trade Development Corporation (Matrade) and demand is projected to grow by 5.9% in 2020.

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