Highest January Exports at RM85.41 billion
Malaysia’s trade in January 2019 expanded by 2.1% to reach a value of RM159.3 billion from January 2018. Expansion in trade were seen with China, Taiwan, Saudi Arabia, the Republic of Korea (ROK), Thailand, the United Arab Emirates (UAE) and the United States (US).
Exports posted a stronger year-on-year (y-o-y) growth compared to imports, registering an expansion of 3.1% to RM85.41 billion. This was the highest export value ever recorded for the month of January, surpassing RM82.82 billion registered in January 2018. Imports grew by 1% to RM73.89 billion, resulting in a trade surplus of RM11.52 billion, 19.2% higher compared to January 2018. This was the 255th consecutive month of trade surplus recorded since November 1997.
On a month-on-month (m-o-m) basis, total trade, exports and imports increased by 1.9%, 2.2% and 1.4%, respectively.
Trade Performance : January 2019