February 2019 Trade Surplus widened by 22.7% to RM11.06 billion
Malaysia’s trade in February 2019 declined by 7.2% to RM122.15 billion compared to February 2018. This was due to lower trade with China, ASEAN, European Union (EU), Switzerland, Hong Kong SAR, India, the Republic of Korea (ROK) and the United States (US). Meanwhile, higher trade was recorded with Saudi Arabia, Australia, Taiwan and New Zealand.
Exports in February 2019 recorded a decrease of 5.3% year-on-year (y-o-y) to RM66.6 billion. Imports posted a faster rate of contraction compared to exports, declining by 9.4% to RM55.54 billion, resulting in a larger trade surplus of RM11.06 billion, 22.7% higher compared to February 2018. This was the 256th consecutive month of trade surplus since November 1997.
On a month-on-month (m-o-m) basis, total trade, exports, imports and trade surplus decreased by 23.3%, 22%, 24.8% and 3.9%, respectively. This is a common trend for the month of February because of the shorter working period and long Chinese New Year holiday.
Trade Performance : February 2019 and January - February 2019