Trade Rebounded in April 2019
Malaysia’s trade in April 2019 expanded by 2.6% to RM159.55 billion compared to April 2018. Higher trade was recorded with ASEAN, Australia, Saudi Arabia, Taiwan, the United States (US), Japan, India and China.
Exports increased by 1.1% to RM85.2 billion after registering 2 consecutive year-on-year (y-o-y) declines since February 2019. This was also the highest export value ever recorded for the month of April. Imports rose by 4.4% to RM74.35 billion. Trade surplus was RM10.86 billion, lower by 16.6% and was the 258th consecutive month of trade surplus since November 1997.
On a month-on-month (m-o-m) basis, total trade, exports and imports increased by 3.8%, 1.4% and 6.7%, respectively. Trade surplus contracted by 24.5%.
In the first 4 months of 2019, total trade was still marginally lower by 0.4% to RM594.72 billion compared to the same period of 2018. Exports amounted to RM321.26 billion, a decrease of 0.2% while imports slipped by 0.7% to RM273.45 billion. Trade surplus grew by 3.1% to RM47.81 billion during the period.
Trade Performance : April 2019 and January - April 2019