Trade Performance : October 2022 and January - October 2022
Trade, Exports and Imports Surpassed 2021 Overall Value in Ten Months
Malaysia’s trade performance maintained its growth momentum in October 2022 with trade, exports and imports registering the highest monthly value for the month of October. Trade expanded by 21.1% to RM245.18 billion compared to October 2021 and was the 21st consecutive month of double-digit growth. Exports rose by 15% to RM131.63 billion, the 15th consecutive month of year-on-year (y-o-y) expansion. Imports was higher by 29.2% to RM113.54 billion while trade surplus decreased by 32% to RM18.09 billion.
The export growth was boosted mainly by higher shipments of petroleum products, electrical and electronic (E&E) products, liquefied natural gas (LNG) as well as crude petroleum. Exports of LNG registered the highest monthly value thus far. Meanwhile, exports to major trading partners notably ASEAN, China, the United States (US), the European Union (EU) and Japan recorded growth.
On a month-on-month (m-o-m) basis, imports grew by 1% while trade, exports and trade surplus contracted by 4.5%, 8.7% and 43.2%, respectively.
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Trade Performance : October 2022 and January - October 2022
Trade Performance : October 2022 and January - October 2022 (Infographic)
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Prestasi Perdagangan : Oktober 2022 dan Januari - Oktober 2022
Prestasi Perdagangan : Oktober 2022 dan Januari - Oktober 2022 (Infografik)
