News / Malaysia must seek new markets as global tensions impact trade

Malaysia’s imports fell to the lowest level in ten years in August, highlighting a slowdown in freight demand amid global trade tensions.

According to Kuala Lumpur-based MIDF Research, Malaysia’s August imports contracted year on year by 12.5%, the worst performance for ten years. Exports fell 0.8% in the same period – but the analyst still expects overall export growth of 1.7% this year.

“Continuous decline in imports of capital and intermediate goods indicate weak prospects for future exports,” MIDF said. “With faltering ...