Analysts maintain forecasts despite recent weaker data on Malaysia's trade performance

Several research houses maintained their trade forecast for 2023 despite weaker than expected data on external trade released by the Department of Statistics on Monday (Feb 20). Year-on-year (y-o-y), DOSM reported exports had increased 1.6% or RM112.8 billion and imports went up 2.3% to RM96.7 billion in 2022, making total trade of RM207.5 billion with a trade balance of RM18.2 billion.

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