Malaysia’s exports and digital investments show strong growth, with E&E exports up 16.7% and digital investments reaching RM335.3 billion since 2021
KUALA LUMPUR: Malaysia’s economy continues to demonstrate strong resilience with positive growth in exports and digital investments under the New Industrial Master Plan 2030.
Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz highlighted significant improvement in electrical and electronics exports, which grew 16.7% year-on-year in the first nine months.
Machinery, equipment and parts exports increased 14.4% year-on-year during the same period.
Pharmaceutical products recorded a 24.7% year-on-year growth while optical and scientific equipment expanded by 5.1%.
“All of them have shown positive growth, which goes to show that we follow through, our policies are turned into action,” he said during MITI’s third quarter report card presentation.
The services sector also showed robust performance with total services trade reaching RM497.4 billion in 2024, up 14.6% from 2023.
Services exports surged 24.6% year-on-year to RM242.9 billion while services imports increased 6.5% to RM254.5 billion.
The services trade deficit narrowed significantly to RM11.7 billion from RM44 billion in 2023, driven by tourism and business services sectors.
Tengku Zafrul said Malaysia must focus on high-potential sectors like tourism, manufacturing, professional services and finance to further reduce the deficit.
Digital investments have shown an upward trend since 2021 with approved investments totaling RM335.3 billion through the first half of 2025.
These digital investments have created 105,486 job opportunities across the country.
Data centre-related projects accounted for RM235.1 billion or 70.1% of approved digital investments.
The Johor-Singapore Special Economic Zone represents 66.2% of Johor’s overall approved investment of RM56 billion. – Bernama
