Annual Report 2020

41 Spurring Exports In The New Norm Trade Performance Report 01 02 03 04 05 Chemicals & Chemical Products Imports RM20.1 billion 5.2% Total Trade RM36.7 billion 1.9% Exports RM16.59 billion 1.8% Main Exports Rubber Products E&E Products Latin America comprises South America which represented 64.1% share of total trade with this region, Central America (33.9%) and the Caribbean (2%). In 2020, trade with Latin America increased by 1.9% to RM36.7 billion. Brazil, Mexico and Argentina were Malaysia's major trading partners in Latin America. Exports to the region declined by 1.8% to RM16.59 billion while imports grew by 5.2% to RM20.1 billion. Major exports to Latin America Brazil Major Trading Partners Argentina Mexico were E&E products (46.8% share), rubber products (12.3%) as well as chemicals and chemical products (4.5%). Main imports to this region were metalliferous ores and metal scrap, processed food and petroleum products. Latin America

RkJQdWJsaXNoZXIy NjUyODU0