21st Consecutive Year of Trade Surplus
Malaysia’s trade remained steady in November 2018, growing by 3.2% to RM162.03 billion compared to the same month last year. Higher trade was seen with ASEAN, Taiwan, France, Hong Kong SAR, Saudi Arabia, the Republic of Korea (ROK), Russian Federation, India and Qatar.
Exports posted a growth of 1.6% year-on-year (y-o-y) to RM84.79 billion in November 2018, while imports were up by 5% to RM77.24 billion. This resulted in a 24% contraction in trade surplus to RM7.55 billion. This surplus marked the 253rd consecutive month of trade surplus since November 1997.
On a month-on-month (m-o-m) basis, total trade, exports and imports were lower by 8.2%, 12% and 3.5%, respectively. Trade surplus narrowed by 53.7%.
Trade Performance : November 2018 and January - November 2018