Trade Surplus Surged by 71% in June 2019
Malaysia registered a trade surplus of RM10.26 billion in June 2019, the 260th consecutive month of trade surplus since November 1997. Exports amounted to RM76.17 billion, contracted by 3.1% compared with June 2018. Imports decreased by 9.2% to RM65.91 billion.
Trade in June 2019 contracted by 6% to RM142.08 billion compared to June 2018. Lower trade was recorded with China, Hong Kong SAR, Thailand, Singapore and Japan. Higher trade however was registered with India, the Philippines and the United States (US).
On a month-on-month (m-o-m) basis, trade surplus recorded a double-digit growth of 13.1% while total trade, exports and imports were down by 10.8%, 9.5% and 12.2%, respectively.
Total trade for the second quarter (Q2) of 2019 was valued at RM460.78 billion, declined by 0.4% compared to RM462.8 billion in Q2 2018. Exports totalled RM245.46 billion, an increase of 0.2% while imports amounted to RM215.32 billion, contracting by 1.2%. A trade surplus of RM30.15 billion was recorded for the period, a growth of 11.1%.
Compared to the first quarter (Q1) 2019, total trade, exports and imports rose by 5.9%, 4% and 8.1%, respectively. Trade surplus declined by 18.4%.
For the first half (H1) of 2019, exports declined by 0.2% to RM481.53 billion and imports decreased by 1.8% to RM414.42 billion compared to the same period of 2018. Total trade contracted by 1% to RM895.95 billion while trade surplus expanded by 10.9% to RM67.1 billion.
Trade Performance : June 2019 and January - June 2019