Trade Performance : June 2023 and January - June 2023
Trade Surplus in June Widened with Double-Digit Expansion
Malaysia’s trade surplus in June 2023 registered a double-digit growth of 11.3% year-on-year (y-o-y) to RM25.81 billion. This was the 38th consecutive month of trade surplus since May 2020 and the highest monthly value ever recorded for the month of June.
In tandem with slower global demand and lower commodity prices, total trade contracted by 16.3% to RM222.14 billion. Exports slipped by 14.1% to RM123.98 billion and imports decreased by 18.9% to RM98.16 billion. The performance was similar to other regional markets notably China, Singapore, Indonesia, Taiwan and the Republic of Korea (ROK) which recorded negative trade growth for June 2023.
Despite the decline, strong exports was posted primarily for electrical and electronic (E&E) products, iron and steel products, metalliferous ores and metal scrap, transport equipment as well as processed food.
Compared to May 2023, exports and trade surplus expanded by 3.7% and 64.4% while trade and imports were down by 0.5% and 5.4%, respectively.
Trade for the second quarter (Q2) of 2023 decreased by 11.3% to RM643.22 billion compared to Q2 2022. Exports edged down by 11.1% to RM348.68 billion, imports dropped by 11.5% to RM294.54 billion and trade surplus declined by 8.8% to RM54.14 billion, respectively.
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Trade Performance : June 2023 and January - June 2023
Trade Performance : June 2023 and January - June 2023 (Infographic)
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Prestasi Perdagangan : Jun 2023 dan Januari - Jun 2023
Prestasi Perdagangan : Jun 2023 dan Januari - Jun 2023 (Infografik)
