Trade Performance : May 2023 and January - May 2023
37th Consecutive Month of Trade Surplus with Double-Digit Expansion
Malaysia registered the 37th consecutive month of trade surplus in May 2023, registering double-digit growth of 21.4% to RM15.42 billion. Total trade slipped by 2% to RM223.8 billion, in tandem with slower global demand and lower commodity prices. Exports showed signs of recovery, posting a marginal contraction of 0.7% to RM119.61 billion compared to double-digit decline recorded last month. Imports decreased by 3.3% to RM104.19 billion. The performance was similar to other regional countries namely China, Taiwan and the Republic of Korea (ROK) which recorded negative trade growth for May 2023.
Despite the decline, exports to major trading partners notably China, the United States (US) and Japan recorded expansion. Meanwhile, higher exports was seen for petroleum products, electrical and electronic (E&E) products, machinery, equipment and parts as well as processed food.
Compared to April 2023, trade, exports, imports and trade surplus recorded double-digit expansion of 13.2%, 13.7%, 12.6% and 22.1%, respectively.
In the first five months of 2023, total trade surpassed RM1 trillion to reach RM1.066 trillion, a decrease of 1.7% compared to the corresponding period of 2022. Exports was down by 2.3% to RM579.39 billion and imports declined by 1% to RM486.96 billion. Trade surplus edged down by 8.7% to RM92.43 billion.
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Trade Performance : May 2023 and January - May 2023
Trade Performance : May 2023 and January - May 2023 (Infographic)
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Prestasi Perdagangan : Mei 2023 dan Januari - Mei 2023
Prestasi Perdagangan : Mei 2023 dan Januari - Mei 2023 (Infografik)
