According to the report from MITI (Ministry of International Trade and Industry), the export growth rate on June of 2018 was 7.63% (equivalent to around 78.7 ringgit), which was much lower than Blomberg’s estimated growth rate at 10.3%.
Based upon the source, the total value of import and export represented 140% of Malaysian GDP (gross domestic product). Malaysia, hence, was relatively sensitive to any turbulence of international trade activity. Malaysia has been mainly exporting electronic products and electric machinery. The trade war between China and the United States with no doubt would aggravate the risk of Malaysian trading development.
Except the trade war, Malaysia was also facing challenge from fluctuation of exchange rate, debt crisis, and so forth.
