Sarawak's Trade Booms: Exports and Imports Surge in 2024

Sarawak's Trade Performance Shows Steady Growth in 2024 Sarawak, Malaysia, May 28, 2025 – A recent TVS Sarawak news report revealed that Sarawak's trade performance in 2024 demonstrated significant growth, reflecting economic resilience despite global uncertainties. The report highlighted Japan, China, South Korea, and India as the state's major trading partners. Exports in 2024 reached RM133.8 billion, a 2.3% increase compared to the previous year. This increase was largely attributed to strong performance in key sectors such as natural gas, crude petroleum, and vegetable oil. "Sarawak's trade performance reflects our commitment to economic diversification and strategic partnerships," stated a representative from the Sarawak government (exact quote not available in video). Imports also saw a notable increase of 3.1%, reaching RM64.5 billion. This growth was driven by increased demand for petroleum products, motor vehicles, and aluminum. The steady growth in both exports and imports indicates a healthy and expanding trade sector for Sarawak. The report concludes that Sarawak's trade surplus expanded by 1.5%, reaching RM69.3 billion, indicating continued positive momentum in the state's economy.