Malaysia’s halal exports rise 30 pct y/y for first nine months of 2015

Malaysia's halal exports rose 30 percent to reach 31.1 billion Malaysian ringgit for the first nine months of 2015 compared to the same period a year earlier, Malaysian state news agency Bernama reported citing the Chief Executive Officer of the country's Halal Industry Development Corp.

HDC expects halal export value for 2015 to reach 40 billion Malaysian ringgit. 

The top six halal sectors were food & beverages, ingredients, palm oil derivatives, cosmetics and personal care, industrial chemicals, and pharmaceuticals. 

Malaysia's top five halal export markets for the period were China, Singapore, U.S., Indonesia, and the Netherlands. 

2016 halal export value is expected to hit 50 billion Malaysian ringgit with demand derived primarily from food & beverages, and halal ingredients, added the report.