The total export of Malaysia's commodities and commodities-based products in 2011 is expected to increase from RM113 billion, last year, said Deputy Minister of Plantation Industries and Commodities, Datuk Hamzah Zainudin.
He said the total exports will grow in tandem with the competitive price of the Malaysian commodities and an increasing demand for its commodities-based products, worldwide.
"From January to August this year, total exports stood at RM93.4 billion, compared to the RM73.4 billion recorded for the same period last year.
"Malaysia has the competitive edge in terms of pricing, variety of commodities and commodities-based products.
"Due to this, Malaysia's total exports can surely do better than what was registered last year," he said after launching the commemoration of the successful mandatory implementation of the B5 fuel programme in the central region, here today.
Hamzah said palm oil and palm oil-based products, as well as rubber and rubber-based products, continued to be the main driver of exports, with a contribution worth RM54.86 billion and RM21.66 billion for the first eight months of this year, respectively.
He added that cocoa and cocoa-based products registered a growth in exports to RM2.822 billion for the first eight months compared with RM2.738 billion, last year.
Meanwhile, he said only the timber and timber-based products sub-sectors exports dwindled slightly, but the demand was always there.
"Malaysia has a variety of commodities-based products and this enables the demand for the products and raw commodities to remain stable. This automatically increases the export and benefits the country.
"The timber and timber-based products sub-sectors registered RM13.234 billion from January-August this year, against the RM13.946 billion recorded for the same period last year," he added.
Tobacco and pepper contributed RM646.39 million and RM154.54 million for the first eight months of this year against the RM701.83 million and RM119.67 million respectively for the same period of 2010, Hamzah said.
"The decrease in tobacco export is a result of an intended effort by the government," he said. -- BERNAMA
He said the total exports will grow in tandem with the competitive price of the Malaysian commodities and an increasing demand for its commodities-based products, worldwide.
"From January to August this year, total exports stood at RM93.4 billion, compared to the RM73.4 billion recorded for the same period last year.
"Malaysia has the competitive edge in terms of pricing, variety of commodities and commodities-based products.
"Due to this, Malaysia's total exports can surely do better than what was registered last year," he said after launching the commemoration of the successful mandatory implementation of the B5 fuel programme in the central region, here today.
Hamzah said palm oil and palm oil-based products, as well as rubber and rubber-based products, continued to be the main driver of exports, with a contribution worth RM54.86 billion and RM21.66 billion for the first eight months of this year, respectively.
He added that cocoa and cocoa-based products registered a growth in exports to RM2.822 billion for the first eight months compared with RM2.738 billion, last year.
Meanwhile, he said only the timber and timber-based products sub-sectors exports dwindled slightly, but the demand was always there.
"Malaysia has a variety of commodities-based products and this enables the demand for the products and raw commodities to remain stable. This automatically increases the export and benefits the country.
"The timber and timber-based products sub-sectors registered RM13.234 billion from January-August this year, against the RM13.946 billion recorded for the same period last year," he added.
Tobacco and pepper contributed RM646.39 million and RM154.54 million for the first eight months of this year against the RM701.83 million and RM119.67 million respectively for the same period of 2010, Hamzah said.
"The decrease in tobacco export is a result of an intended effort by the government," he said. -- BERNAMA
