KUALA LUMPUR, June 8 — Malaysia recorded its highest trade deficit in services which widened to RM60.7 billion against a RM47.2 billion deficit in 2020 due to lower inbound travel, the Department of Statistics Malaysia said.
Mohd Uzir said there was “a persistent negative trend” in travel services since 2020 as Malaysian borders remained closed to tourist arrivals, causing the highest deficit in services trade. Meanwhile, manufacturing services saw a trade surplus of RM14.1 billion in 2021, the highest in the past decade.
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Stats Dept: Malaysia’s services trade deficit widened to RM60.7b in 2021 on lower inbound travelKUALA LUMPUR, June 8 — Malaysia recorded its highest trade deficit in services which widened to RM60.7 billion against a RM47.2 billion deficit in 2020 due to lower inbound...
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Malaysia’s services trade deficit up to RM60.7 billion on weaker inbound travel | The Malaysian InsightStatistics Department cites border closures due to pandemic among reasons for largest-ever drop.
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Stats Dept: Malaysia’s services trade deficit widened to RM60.7b in 2021 on lower inbound travelKUALA LUMPUR, June 8 — Malaysia recorded its highest trade deficit in services which widened to RM60.7 billion against a RM47.2 billion deficit in 2020 due to lower inbound...
Source: malaymail - 🏆 1. / 86 Read more »