Trade Performance : January 2022

Highest Value for January - Trade, Exports, Imports and Trade Surplus

Malaysia’s trade in January 2022 continued to be resilient with trade, exports, imports and trade surplus registered highest monthly value for January. Trade expanded by 24.8% to RM203.05 billion compared to January 2021. Exports rose by 23.5% to RM110.73 billion, the 6th successive month of double-digit expansion since August 2021. Imports increased by 26.4% to RM92.32 billion and trade surplus grew by 10.9% to RM18.4 billion.

Export expansion was underpinned by higher global demand primarily for exports of electrical and electronic (E&E) products as well as palm oil and palm oil-based agriculture products. Meanwhile, exports to major trading partners notably ASEAN, China, the United States (US), the European Union (EU) and Japan recorded double-digit growth.

Compared to December 2021, trade, exports, imports and trade surplus declined by 6.3%, 10.6%, 0.6% and 40.6%, due to high base effect and seasonal factors following new year holidays.

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Trade Performance : January 2022
Trade Performance : January 2022 (Infographic)