Malaysia External Trade Development Corporation

Highest Trade, Exports, Imports and Trade Surplus for February

Malaysia’s trade continued its upward trajectory in February 2022, chalking up double-digit growth for trade, exports, imports and trade surplus. This was the highest monthly value for the month of February. Trade rose by 17.5% to RM184.75 billion compared to February 2021, the 13 consecutive month of double-digit growth. Exports surpassed RM100 billion mark for the first time for the month of February, increased by 16.8% to RM102.27 billion. This was also the seventh consecutive month of double-digit growth. Imports expanded by 18.4% to RM82.48 billion and trade surplus grew by 10.7% to RM19.79 billion.

The export growth was boosted by higher shipments of electrical and electronic (E&E) products driven by global digitalisation trends as well as palm oil and palm oil-based agriculture products which was supported by higher prices of crude palm oil. Exports to major markets notably ASEAN, China, the European Union (EU) and Japan recorded double-digit growth.

On a month-on-month (m-o-m) basis, trade, exports and imports slipped by 9.2%, 7.9% and 10.8%, respectively due to shorter working days and festive season. Meanwhile, trade surplus increased by 6.6%.

For the first two months of 2022, trade, exports and imports registered the fastest growth since 2010 and the highest value for the period. Trade leaped by 21.4% to RM388.33 billion from the same period last year. Exports grew by 20.4% to RM213.34 billion and imports climbed by 22.6% to RM174.99 billion. Trade surplus increased by 11.2% to RM38.35 billion.

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Trade Performance : February 2022 and January - February 2022
Trade Performance : February 2022 and January - February 2022 (Infographic)