Trade Performance : May 2022 and January - May 2022
Trade Breached RM1 Trillion Mark in Five Months
Malaysia’s trade performance in May 2022 remained resilient, recording the fastest growth since November 2021. Trade rose by 33.6% to RM228.37 billion compared to May 2021, the 16th straight month of double-digit growth. Exports increased by 30.5% to RM120.49 billion, the 10th consecutive month of double-digit expansion. Imports grew by 37.3% to RM107.88 billion while trade surplus contracted by 8.3% to RM12.62 billion. Trade, exports and imports registered the highest monthly value for May.
The export growth was driven by higher demand for electrical and electronic (E&E) products, petroleum products as well as palm oil and palm oil-based agriculture products. Exports of petroleum products registered an all-time high monthly value. Exports to major markets notably ASEAN, China, the United States (US), the European Union (EU) and Japan recorded double-digit growth.
On a month-on-month (m-o-m) basis, imports grew by 3.6%. Meanwhile, trade, exports and trade surplus slipped by 1.4%, 5.6% and 46.3%, respectively.
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Trade Performance : May 2022 and January - May 2022
Trade Performance : May 2022 and January - May 2022 (Infographic)
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Prestasi Perdagangan : Mei 2022 dan Januari - Mei 2022
Prestasi Perdagangan : Mei 2022 dan Januari - Mei 2022 (Infografik)
