Trade Performance : August 2022 and January - August 2022
Exports Breached RM1 Trillion Mark in Eight Months
Malaysia’s trade remained sturdy in August 2022 with double-digit growth recorded for trade, exports and imports. This was the highest monthly value for the month of August. Trade surged by 56.7% to RM265.74 billion compared to August 2021, the 19th consecutive month of double-digit growth. Exports increased by 48.2% to RM141.33 billion, the 13th successive month of double-digit growth. Imports leaped by 67.6% to RM124.41 billion and trade surplus contracted by 19.9% to RM16.92 billion.
The export expansion was attributed to higher shipments of electrical and electronic (E&E) products, petroleum products, palm oil and palm oil-based agriculture products, liquefied natural gas (LNG) as well as optical and scientific equipment. Exports of petroleum products, LNG as well as optical and scientific equipment registered the highest monthly value. Meanwhile, exports to major trading partners notably ASEAN, China, the United States (US), the European Union (EU) and Japan recorded double-digit growth. Highest monthly export value was registered to Japan.
On a month-on-month (m-o-m) basis, trade, exports, imports and trade surplus grew by 5.2%, 5.4%, 5.0% and 8.6%, respectively.
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Trade Performance : August 2022 and January - August 2022
Trade Performance : August 2022 and January - August 2022 (Infographic)
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Prestasi Perdagangan : Ogos 2022 dan Januari - Ogos 2022
Prestasi Perdagangan : Ogos 2022 dan Januari - Ogos 2022 (Infografik)
