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Trade with BRICS countries rose 20% to over RM480bil this year, Dewan Rakyat told

Trade with BRICS countries rose 20% to over RM480bil this year, Dewan Rakyat told
Countries
BrazilChinaEgyptEthiopiaIndiaIndonesiaIranRussiaSouth Africa
Cooperation areas
Economic GrowthInclusive MultilateralismInstitutional Development

Source: The Star | Original Published At: 2026-10-29 04:17:00 UTC

Key Points

  • Malaysia's trade with BRICS member countries rose 20% to RM481.02bil in the first half of the year, from RM400.73bil in the same period last year.
  • Exports to BRICS countries increased 17.4% to RM181.40bil, while imports rose 21.7% to RM299.62bil.
  • China, Indonesia and India remained Malaysia's largest BRICS trading partners, accounting for about 90% of total trade with the bloc.
  • Malaysia's total trade with BRICS countries reached RM846.05bil last year, representing 27.7% of its global trade.
  • Malaysia's participation as a BRICS partner country aims to diversify economic partners, reduce reliance on traditional markets, support the Global South agenda and back multilateral reform.
  • The government said BRICS provides a platform to expand exports into markets where Malaysia does not yet have free trade agreements, including Brazil, Russia, South Africa, Ethiopia, Iran and Egypt.
  • Malaysia plans to strengthen local-currency trade settlement, including the ringgit-renminbi arrangement, and prioritize cooperation in sectors such as electronics, semiconductors, palm oil, green technology, cybersecurity, agriculture, renewable energy, tourism, education, healthcare and Islamic finance.
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