Trade Performance : January 2023
Highest Trade, Exports and Imports for January
Malaysia’s trade performance maintained its upward momentum in January 2023 with trade, exports and imports registering the highest monthly value for the month of January. Trade expanded by 1.9% year-on-year (y-o-y) to RM207.51 billion. Exports rose by 1.6% to RM112.84 billion and imports was higher by 2.3% to RM94.67 billion. Trade surplus amounted to RM18.16 billion, a decrease of 2.1%. This marked the 33rd consecutive month of trade surplus since May 2020.
The export expansion was bolstered by strong exports of petroleum products, liquefied natural gas (LNG) as well as electrical and electronic (E&E) products. Exports to major trading partners notably ASEAN and Japan recorded double-digit growth.
Compared to December 2022, trade, exports, imports and trade surplus contracted by 11.8%, 14.4%, 8.6% and 35.5%, respectively, due to shorter working days and long festive holidays.
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Trade Performance : January 2023
Trade Performance : January 2023 (Infographic)
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Prestasi Perdagangan : Januari 2023
Prestasi Perdagangan : Januari 2023 (Infografik)
