The Highest Export Value for The Month of May
Malaysia’s trade in May 2019 grew by 2% from May 2018 to reach a value of RM159.21 billion. Expansion was supported mainly by higher trade with the United States (US), India, the Philippines and Thailand.
Exports rose by 2.5% to RM84.15 billion, the highest export value ever registered for the month of May. Imports expanded by 1.4% to RM75.06 billion. Faster export growth compared to imports has resulted in a higher trade surplus of RM9.08 billion, surged by 11.9% compared to May last year. This was the 259th consecutive month of trade surplus since November 1997.
On a month-on-month (m-o-m) basis, imports increased by 1% while total trade, exports and trade surplus slipped by 0.2%, 1.2% and 16%, respectively.
For the first 5 months of 2019, total trade increased by 0.1% to RM753.88 billion compared to the same period of 2018. Exports grew by 0.3% to RM405.36 billion while imports shrank by 0.3% to RM348.52 billion. Trade surplus rose by 4.3% to RM56.85 billion during the period.
Trade Performance : May 2019 and January - May 2019