The Highest Month-On-Month Export Growth Since April 2010
Malaysia’s trade in March 2019 decreased marginally by 0.3% to RM153.73 billion compared to March 2018. Lower trade was recorded with Japan, ASEAN, India, Hong Kong SAR, the European Union (EU), the Republic of Korea (ROK) and Turkey. Meanwhile, higher trade was registered with China, Saudi Arabia, Taiwan, Australia, and the United States (US).
Exports in March 2019 was valued at RM84.05 billion, a slight decrease of 0.5% from RM84.47 billion recorded in March 2018. Imports contracted by 0.1% to RM69.68 billion. Trade surplus stood at RM14.37 billion, lower by 2.2% from a year ago and was the 257th consecutive month of trade surplus since November 1997.
On a month-on-month (m-o-m) basis, total trade surged by 25.9% while exports grew by 26.2%, the fastest export growth registered since April 2010. Imports and trade surplus expanded by 25.4% and 30%, respectively.
Total trade for the first quarter (Q1) of 2019 was valued at RM435.16 billion, a decline of 1.5% compared to RM441.89 billion registered in Q1 2018. Exports totalled RM236.05 billion, a decrease of 0.7% while imports amounted to RM199.11 billion, contracted by 2.5%. A trade surplus of RM36.94 billion was recorded for the period, increased by 10.7%.
Compared to the fourth quarter (Q4) 2018, total trade, exports and imports contracted by 12%, 10.8%, 13.4%, respectively. Trade surplus expanded by 6.1%.
Trade Performance : March 2019 and January - March 2019