Trade Performance : August 2023 and January - August 2023
40th Consecutive Month of Trade Surplus
Malaysia registered the 40th consecutive month of trade surplus in August 2023, registering a year-on-year (y-o-y) growth of 0.1% to RM17.31 billion. Total trade decreased by 19.8% to RM213.01 billion amid slower global demand and lower commodity prices. Exports was lower by 18.6% to RM115.16 billion and imports edged down by 21.2% to RM97.85 billion. The performance was similar to Malaysia’s key trading partners notably the Republic of Korea (ROK), China, Taiwan and Indonesia which recorded negative trade growth for August 2023 and drop in their global imports.
Compared to July 2023, trade, exports, imports and trade surplus contracted by 1.5%, 1.4%, 1.6% and 0.3%, respectively.
For the period of January to August 2023, trade reduced by 8.1% to RM1.718 trillion compared to the same period of last year. Exports shrank by 7.6% to RM935.22 billion, imports slipped by 8.6% to RM782.29 billion and trade surplus fell by 2% to RM152.92 billion, respectively.
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Trade Performance : August 2023 and January - August 2023
Trade Performance : August 2023 and January - August 2023 (Infographic)
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Prestasi Perdagangan : Ogos 2023 dan Januari - Ogos 2023
Prestasi Perdagangan : Ogos 2023 dan Januari - Ogos 2023 (Infografik)
