Mon, 20 May 2024


RM45bil Sabah exports since 2009
Published on: Wednesday, July 08, 2015
Text Size:

Kota Kinabalu: Sabah had experienced a positive trade balance throughout the 10th Malaysia Plan period from 2009 to 2013."Based on data issued by the Department of Statistics in 2013, Sabah's export value stood at RM45.3 billion with an import value of RM36.5 billion, and a trade balance of RM8.5 billion," said Industrial Development Minister Datuk Raymond Tan during the question and answer session at the State Assembly sitting, Monday.

Machinery and transportation equipment worth a total of RM11.5 billion accounted for most of the imported goods followed by fuel, mineral lubricants and others worth a total of RM8.5 billion.

As for exports, raw petroleum contributed the most with a total amount of RM18.3 billion followed by palm oil worth RM14.4 billion.

Sabah's export value to China in 2013 was worth RM6 billion with animals and vegetable oils contributing about 78.3 per cent to the figure whereas the import value from China was worth RM2.2 billion," said Tan.

"This means that we are exporting more into China compared to receiving imports from China," he said, adding that the export value to Taiwan in 2013 was worth RM586.7 million and the import value from Taiwan RM430.3 million, resulting in a trade balance of RM156.4 million.

Tan who is also Deputy Chief Minister said that the State government did not only intend to reduce dependency on imports but promote local industries into export-oriented industries.

Therefore, the government had encouraged small and medium industries to participate in international expo in China, Indonesia, Manila and Vietnam.

"The efforts by the government in promoting an export-oriented industry will benefit the State's trade balance and income in general," he added.

Besides that, the State government also had programmes to increase the small and medium enterprises' (SME) trade in Sabah.

One of the initiatives was to organise skill courses to those involved in 'Transforming SMEs to SME exporters'. The programme had already been held at several districts such as Kota Kinabalu, Tawau and Sandakan.

For those SMEs with higher capacity and impressive packing techniques with the intention to export, the State government through the Industrial and Research Development Department had promoted them to take part in the international and national expos.

Among the expos were Malaysia International Halal Showcase (Mihas), Malaysia International Food and Beverage Showcase (MIFB), Halal Fiesta (Halfest), SMI Expo (Smidex), Malaysia Agriculture, Horticulture and Agrotourism Showcase (Maha) and international SDSI showcase.

"The State government will continue to enhance domestic trade especially SMEs," he said, adding that they would also create a friendlier environment for local entrepreneurs to increase their capacity and productivity to balance the trade between Sabah, China and Taiwan.


Top Stories Today

Sabah Top Stories

Follow Us  

Follow us on             

Daily Express TV  

Try 1 month for RM 18.00
Already a subscriber? Login here

Try 1 month for RM 18.00

Already a subscriber? Login here