Malaysia External Trade Statistics
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Monthly External Trade Statistics
Monthly External Trade Statistics 20 February 2023
Monthly External Trade Statistics 18 January 2023
Malaysia External Trade Statistics 19 December 2022
Malaysia External Trade Statistics Bulletin, November 2022 17 November 2022
Malaysia External Trade Statistics Bulletin, October 2022 19 October 2022
Malaysia External Trade Statistics Bulletin, September 2022 Show all release archives
Overview
Malaysia’s total trade tapered off by 1.6 per cent in
March 2023, with the amount of RM3.7 billion to record a value of RM232.7 billion
as compared to RM236.5 billion in the same month of preceding year. Exports
lessen by 1.4 per cent to RM129.7 billion in March 2023. Imports amounted at
RM103.0 billion, declined by 1.8 per cent year-on-year (y-o-y). Trade balance
remained to record a surplus with a value of RM26.7 billion with an increase of
0.2 per cent y-o-y.
In comparison to February 2023, all shows improvement by
double digit growth in exports, imports, total trade and trade surplus with an
increase of 15.5 per cent, 11.1 per cent, 13.5 per cent and 36.4 per cent respectively.
The total trade, exports and imports for the first
quarter (Q1) of 2023 posted increases as compared to the Q1 of 2022. Exports
rose by 2.8 per cent to RM354.6 billion and imports with a value of RM290.2
billion, expanded by 3.7 per cent. Consequently, total trade grew by 3.2 per
cent to RM644.9 billion. On the other note, trade surplus decreased by 1.0 per
cent from RM65.0 billion to RM64.4 billion.
Performance of Exports
Malaysia's exports recorded RM129.7 billion,
reduced 1.4 per cent in conjunction with a decrease in domestic exports as compared
to March 2022. Nevertheless, re-exports recorded an increase.Domestic exports valued at RM102.5 billion, contributed
79.0 per cent of total exports. However, its fell by 4.1 per cent y-o-y. In
contrary, re-exports with a value of RM27.2 billion, increased 10.3 per cent, y-o-y. Meanwhile, on a
monthly basis, exports increased by 15.5 per cent or RM17.4 billion. Analysis of the seasonally
adjusted terms month-on-month (m-o-m), exports dropped 4.2 per cent or RM5.4
billion to RM123.2 billion.
Chart 1 : Domestic Exports, Re-Exports (RM billion) and Annual Change (%)
Chart 2 : Actual Export Value and Seasonally Adjusted Export Value, RM billion
Performance of Imports
Malaysia's imports in March 2023 lessened by 1.8
per cent or RM1.9 billion y-o-y after 27 months registered increases. On a m-o-m
basis, imports increased by 11.1 per cent or RM10.3 billion from RM92.7 billion
to reached RM103.0 billion. Analysis of seasonal adjustment terms, m-o-m,
imports declined 3.4 per cent to RM101.3 billion.
On a y-o-y basis, imports by End Use registered a negative
growth as imports of the intermediate goods fell by 8.7
per cent. However, imports of consumption
goods and capital goods noted an increase of 6.2 per cent and 3.5
per cent, respectively.
Chart 3 : Imports, Value (RM billion) and Annual Change (%)
Chart 4 : Actual Import Value and Seasonally Adjusted Imports Value, RM billion
Released by:
DEPARTMENT OF STATISTICS MALAYSIA
19 April 2023
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