Trade Performance : September 2023 and January - September 2023

Exports Breached RM1 trillion Mark in the First Nine Months

As compared to August 2023, Malaysia’s exports in September 2023 increased by 8.2% to RM124.47 billion. Imports expanded by 2.1% to RM99.95 billion, resulting in a total trade of RM224.43 billion which rose by 5.4%. Trade surplus registered a double-digit growth of 42.7% to RM24.52 billion, making it the 41 consecutive month of trade surplus since May 2020.

Compared to September 2022, exports was lower by 13.7% and imports edged down by 11.1% amid slower global demand, uncertainties in commodity prices and high base effect last year. Subsequently, total trade was lower by 12.6%. The performance was similar to Malaysia’s major trading partners notably the Republic of Korea (ROK), China, Taiwan and Indonesia which recorded negative trade growth for September 2023 and drop in their global imports. Trade surplus in September 2023 contracted by 23%, year-on-year (y-o-y).

Trade for the third quarter (Q3) of 2023 increased by 1.6% to RM653.57 billion compared to second quarter (Q2) of 2023. Exports grew by 2.2% to RM356.31 billion, imports expanded by 0.8% to RM297.26 billion and trade surplus rose by 9.6% to RM59.06 billion, respectively.

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Trade Performance : September 2023 and January - September 2023
Trade Performance : September 2023 and January - September 2023 (Infographic)

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Prestasi Perdagangan : September 2023 dan Januari - September 2023
Prestasi Perdagangan : September 2023 dan Januari - September 2023 (Infografik)