Trade Performance : November 2023 and January - November 2023
Malaysia Maintained Trade Surplus for the 43rd Consecutive Month
In November 2023, Malaysia’s trade decreased at a moderate rate of 2.4% year-on-year (y-o-y) to RM231.79 billion. Exports reached RM122.10 billion, a contraction of 5.9% y-o-y while imports grew by 1.7% to RM109.69 billion. Trade surplus was valued at RM12.41 billion, making it the 43rd consecutive month of trade surplus since May 2020. Malaysia's performance was in tandem with its key trading partners notably Taiwan, ROC and Indonesia which posted negative trade growth in November 2023 and a drop in global imports.
Compared to October 2023, trade, exports, imports and trade surplus fell by 3.1%, 3.2%, 3.1% and 3.8%, respectively.
For the period of January to November 2023, trade declined by 7.5% to RM2.413 trillion compared to the same period last year. Exports decreased by 7.8% to RM1.308 trillion, imports was lower by 7.1% to RM1.105 trillion and trade surplus edged down by 11.3% to RM202.49 billion, respectively.
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Trade Performance : November 2023 and January - November 2023
Trade Performance : November 2023 and January - November 2023 (Infographic)
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Prestasi Perdagangan : November 2023 dan Januari - November 2023
Prestasi Perdagangan : November 2023 dan Januari - November 2023 (Infografik)
