Malaysia's aerospace manufacturing exports to top RM9b

February 12, 2018 | By | Reply More

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KUALA LUMPUR: Malaysia’s aerospace manufacturing exports is seen to top RM9 billion this year, a progression from last year’s RM8.49 billion, Second International Trade and Industry Minister Datuk Seri Ong Ka Chuan said.

“We should see at least five per cent export growth from last year as orders for the manufacture of aircraft components are increasing,” Ong said.

He was speaking to reporters here today after a preview of the Kuala Lumpur International Aerospace Business Convention 2018, to be held in eight months.

Ong is optimistic of healthy growth momentum in the aerospace sector, driven by the record growth seen in the last three years and backlog of orders for aircraft in the Asia Pacific region.

“In 2015, the nascent aerospace exports was RM4.17 billion. The following year, it grew to RM5.50 billion and last year, it posted more than 50 per cent increment to RM8.49 billion.

“So, this year, we’re forecast a very conservative figure of 5 per cent export growth to RM9 billion, based on the carry over orders our manufacturers here are working on,” he said.

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