Trade Performance : July 2023 and January - July 2023
Trade Surplus Remained Buoyant in July
Malaysia’s trade surplus in July 2023 increased by 7.9% year-on-year (y-o-y) to RM17.09 billion and was the 39th consecutive month of trade surplus since May 2020. Total trade fell by 14.4% to RM216.41 billion affected by softer global demand and lower commodity prices. Exports decreased by 13.1% to RM116.75 billion and imports contracted by 15.9% to RM99.66 billion. The performance was similar to other regional markets notably Indonesia, China, Taiwan and the Republic of Korea (ROK) which recorded negative trade growth for July 2023.
Despite the decline, exports of electrical and electronic (E&E) products remained robust while exports to major trading partners notably China and the United States (US) rebounded in July 2023.
Compared to June 2023, imports grew by 1.3% while trade, exports and trade surplus edged down by 2.7%, 5.8% and 33.1%, respectively.
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Trade Performance : July 2023 and January - July 2023
Trade Performance : July 2023 and January - July 2023 (Infographic)
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Prestasi Perdagangan : Julai 2023 dan Januari - Julai 2023
Prestasi Perdagangan : Julai 2023 dan Januari - Julai 2023 (Infografik)
