The Minister of International Trade and Industry (MITI), YB Dato’ Sri Mustapa Mohamed announced that in October 2010, Malaysia’s exports increased by 1.3% to reach a value of RM54.98 billion compared with the corresponding month in 2009. Imports grew by 12.5% to RM48.13 billion. A total trade of RM103.10 billion was recorded, an increase of 6.2% compared with October 2009. A trade surplus of RM6.85 billion was registered, making it the 156th consecutive month of trade surplus since November 1997.

Compared with September 2010, total trade in October 2010 was 9.8% higher, contributed by increases in exports by 8.9% and imports by 10.7%.

During the period of January to October 2010, total trade increased by 21.0% to RM967.58 billion, from the corresponding period in 2009. Exports expanded by 18.1% to RM529.56 billion while imports rose 24.7% to RM438.02 billion, resulting in a trade surplus of RM91.55 billion.

EXPORTS IN OCTOBER 2010

The increase in exports in October 2010 of RM722.2 million from a year ago was largely contributed by higher exports of refined petroleum products, palm oil, optical and scientific equipment as well as liquefied natural gas (LNG). On month-on-month basis, the increase in exports was contributed largely by higher exports of electrical and electronic (E&E) products, refined petroleum products, optical and scientific equipments as well as manufactures of metal.

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 Trade Performance : October 2010 and January - October 2010 (365.01 kB)