Malaysia External Trade Development Corporation

Trade Exceeded the RM2 trillion Mark in the First Ten Months

On a month-on-month (m-o-m) basis, Malaysia’s trade in October 2023 expanded by 6.8% to RM239.52 billion. Exports increased by 1.5% to RM126.19 billion and imports registered a double-digit growth of 13.4% to RM113.33 billion. Trade surplus reached RM12.87 billion, marking the 42nd consecutive month of trade surplus since May 2020.

Malaysia’s trade declined at a softer pace of 2.4% year-on-year (y-o-y), compared with the double-digit decrease reported in the previous month. Exports eased by 4.4% and imports reduced marginally by 0.2%. Malaysia's performance was similar with its key trading partners notably China, Taiwan RoC and Indonesia which experienced negative trade growth in October 2023 and a reduction in global imports.

For the period of January to October 2023, trade surpassed the RM2 trillion mark, reaching RM2.181 trillion. Exports amounted to RM1.186 trillion, while imports were valued at RM995.55 billion. Trade, exports and imports each posted an 8% decrease compared to the corresponding period last year. Trade surplus was lower by 7.9%, amounting to RM190.04 billion.

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English

Trade Performance : October 2023 and January - October 2023

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

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Prestasi Perdagangan : Oktober 2023 dan Januari - Oktober 2023

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