MALAYSIA'S total trade performance in 2011 is expected to sustain its momentum and exceed the RM1 trillion mark, riding on the world's recovering global economy.
For the first eleven months of 2010, Malaysia's trade has been on the uptrend, increasing 19.4 per cent to RM1.06 trillion compared to the same period in 2009.
"Although the final figure for 2010 is not out yet, we are happy to note that Malaysia's total trade for 2010 has again surpassed the RM1 trillion mark.
"As for 2011, this year will be another challenging year as the world economy is still recovering from the effects of the global downturn, but I expect 2011 will be robust driven by demand which is not slowing down," said Malaysia External Trade Development Corp (Matrade) chief executive officer Datuk Noharudin Nordin.
Noharudin said he has received feedback from exporters and importers, which are receiving orders once again to replenish depleting inventories slowed down by the global crisis.
"Malaysian companies are setting up joint ventures in India and China, which in turn will boost trade activities in all sectors such as automotive, services and manufacturing," Noharudin told reporters at Matrade's headquarters in Kuala Lumpur yesterday after launching the Malaysia tea, coffee and cocoa directory for 2011/2013.
On another note, Noharudin said in 2011 Matrade will organise and participate in 113 trade promotion activities worldwide, which include international trade fairs, specialised marketing missions, joint promotion activities, global supply chain activities and promotion booths.