Outstanding Trade Performance in March 2017
Malaysia's trade continued its strong momentum in March 2017, expanding by 31.1% to RM159.86 billion compared with the year before. Higher trade was seen with ASEAN, China, the United States of America (USA), the European Union (EU), the Republic of Korea (ROK) and Japan.
A new milestone for export performance was recorded in March 2017, breaching RM80 billion mark for the first time. Exports grew by 24.1% to RM82.63 billion, the highest monthly export value ever recorded. This was the fourth consecutive month exports registered double digit growth since December 2016. Imports surged by 39.4% to RM77.22 billion, while trade balance stood at RM5.41 billion, making it the 233rd consecutive month of trade surplus since November 1997.
On a month-on-month basis, total trade, exports and imports grew by 18.5%, 15.1% and 22.5%, respectively.
Total trade for the first quarter (Q1) of 2017 was valued at RM430.51 billion, grew by 24.3% compared with RM346.38 billion registered in Q1 2016. Exports totalled RM224.7 billion, an increase of 21.4% while imports amounted to RM205.82 billion, rose by 27.7%. Trade surplus of RM18.88 billion was recorded for the period.
Trade Performance : March 2017 and January - March 2017