Trade Performance : July 2019 and January - July 2019
The Highest Export Value for the Month of July
Malaysia’s exports picked up in July 2019 by 1.7% to RM87.96 billion compared to July 2018 and was the highest export value ever recorded for the month of July. Expansion in exports was contributed mainly by higher exports to Taiwan, the United States (US), China and Singapore.
Imports amounted to RM73.69 billion, a contraction of 5.9%. Trade surplus surged by 75.6% to RM14.27 billion. This was the 261st consecutive month of trade surplus since November 1997. Total trade was valued at RM161.65 billion, a decline of 1.9%.
On a month-on-month (m-o-m) basis, total trade, exports and imports registered a double digit growth of 14%, 15.5% and 12.3%, respectively. Trade surplus rose by 35.8%.
For the first 7 months of 2019, total trade stood at RM1.057 trillion, declining by 1.4% compared to the same period of 2018. Exports amounted to RM569.46 billion, slipped marginally by 0.4% while imports was RM487.84 billion, contracting by 2.6%. Trade surplus increased by 15.9% to RM81.62 billion.
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