“In 2023, Sabah’s total trade was valued at RM41.463 billion, with main exports comprising palm oil at RM15.291 billion, liquefied natural gas at RM5.051 billion, crude petroleum at RM2.548 billion, palm kernel oil at RM1.289 billion and palm oil-based oleochemicals at RM1.123 billion.“Of this, bilateral trade totalled RM10.
Hajiji also highlighted that the palm oil sector is one of Sabah’s economic cornerstones and as a leading producer of palm oil in Malaysia, Sabah plays a critical role in meeting the global demand for this versatile commodity.Sabah contributed 24 per cent of Malaysia’s total crude palm oil production at 4.
“Sabah also looks forward to increased cooperation with China in green energy, manufacturing, high-technology agriculture and smart city construction, among other areas, to promote mutual benefits and win-win partnerships,” he said. He believed the Malaysia-China Summit 2024 represents not only a significant platform for strengthening bilateral trade and investment but also an excellent opportunity to highlight and further develop Sabah’s thriving tourism sector.