KUALA LUMPUR: The Malaysia External Trade Development Corporation (Matrade) has been tasked with increasing Malaysia’s export value of goods by 5% to RM1.58 trillion this year, following its success in surpassing the RM1.5 trillion target in 2024.
Matrade chairman Datuk Seri Reezal Merican Naina Merican announced that the goal was set by Investment, Trade, and Industry Minister Datuk Seri Tengku Zafrul Abdul Aziz after the agency recorded RM1.51 trillion in exports last year—exceeding expectations by RM10 billion.
“This is yet another remarkable success. However, looking ahead to 2025, we anticipate several challenges, including geopolitical uncertainties and the ongoing technology war,” he said at Matrade’s 2025 Iftar ceremony on Monday.
Reezal Merican emphasised that Matrade will develop new strategies in response to global trade shifts, particularly those influenced by the United States.
“We need to closely monitor developments in the US and adjust our approach accordingly. The Ministry of Investment, Trade, and Industry has already begun discussions on this matter,” he added.
As Malaysia navigates an increasingly complex global trade landscape, Matrade’s efforts will focus on strengthening the country’s position and resilience in international markets.
