Matrade to boost Malaysian exports

by | Jan 25, 2022 | Business, LOCAL | 0 comments

For the first time, Malaysia’s trade surpassed the RM2 trillion mark between January and November 2021 due to a resilient business sector performing under the shadow of the Covid-19 pandemic.

Trade, exports, imports and trade surplus recorded the highest value for the period and exports increased by 25.7 percent year-on-year (y-o-y) to RM 1.116 trillion.

In a statement, Malaysia External Trade Development Corporation (Matrade) stated it will stay cognisant of the needs to remain relevant in the new normal by harnessing the internet and adapting digitalization in doing business.

Last year, Matrade conducted 40 webinars covering topics in branding, marketing, business opportunities as well as sustainability that can elevate the competitiveness of Malaysian companies.

Through MyExport Services, companies registered with Matrade accessed 945 market intelligence reports namely market alerts and product market studies as well as 3,256 trade leads to keep abreast of the latest trends.

On the ecommerce front, Matrade stated the eTRADE 2.0 programme encourages the use of digital mediums for export promotions of products and services globally through listings on selected international ecommerce platforms.

It also supports digital marketing activities and training. In 2021, the programme assisted 113 companies.