The Minister of International Trade and Industry (MITI), YB Dato’ Sri Mustapa Mohamed announced that Malaysia’s exports in August 2010 expanded by 10.6% to RM52.85 billion compared with August 2009 while imports increased by 16.5% to RM44.53 billion. This resulted in a total trade of RM97.38 billion, 13.2% higher from a year ago. A trade surplus of RM8.32 billion was recorded, making it the 154th consecutive month of trade surplus since November 1997.

Compared with July 2010, exports in August 2010 declined by 4.6% while imports contracted by 8.0% and total trade decreased by 6.2%.

EXPORTS IN AUGUST 2010

The increase in exports in August 2010 of RM5.07 billion from a year ago was largely contributed by higher exports of liquefied natural gas (LNG), electrical and electronic (E&E) products, refined petroleum products, chemicals and chemical products, crude rubber, optical and scientific equipment, manufactures of metal, machinery, appliances and parts, rubber products and palm oil.

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