KUALA LUMPUR, April 22 — Malaysia’s trade with West Asia has fallen 30.4 per cent to RM21.41 billion due to ongoing geopolitical tensions.
According to Reezal Merican Naina Merican, chairman of Malaysia External Trade Development Corporation. Exports to the region dropped 23.6 per cent,
Mainly affected by lower shipments of palm oil, petroleum products and electrical and electronics goods as supply chains and freight costs were disrupted.
He said West Asia accounts for only 2.7 per cent of Malaysia’s total trade, limiting direct impact, but warned of indirect effects such as higher shipping costs and insurance premiums.
Matrade is strengthening market diversification efforts, with rising exports to Africa, Latin America and Central Asia helping offset the decline.
Alternative trade routes are also being explored to stabilise supply chains and reduce logistical risks.
