KOTA KINABALU: Sabah’s total trade remained above RM100 billion for the third consecutive year in 2024, despite a drop in exports and a rise in imports.
The Department of Statistics Malaysia (DOSM) reported Sabah’s trade value at RM107.8 billion in 2024, with a 2.7 per cent year-on-year growth.
Exports declined by 2.3 per cent to RM61.3 billion, while imports rose 10.2 per cent to RM46.4 billion, resulting in a lower trade surplus of RM14.9 billion compared to 2023.
window.googletag = window.googletag || {cmd: []};googletag.cmd.push(function() {googletag.defineSlot('/22826383987/dailyexpress_inline', [1, 1], 'gpt-passback').addService(googletag.pubads());googletag.enableServices();googletag.display('gpt-passback');});Chief Statistician Datuk Seri Mohd Uzir Mahidin said the top export commodities were crude petroleum (RM21.3 billion), palm oil (RM17.3 billion), and liquefied natural gas (RM4.6 billion).
The main imports were refined petroleum products (RM5.2 billion), manufactured fertilisers (RM1 billion), and palm-based oleochemicals (RM266 million).