The Minister of International Trade and Industry (MITI), YB Dato’ Sri Mustapa Mohamed announced that in November 2010, Malaysia’s exports expanded by 5.3% to RM52.70 billion compared with November 2009. Imports grew by 6.1% to RM43.70 billion, resulting in a total trade of RM96.40 billion, an increase of 5.6% from the corresponding month in 2009. A trade surplus of RM9.0 billion was registered, making it the 157th consecutive month of trade surplus since November 1997.

Compared with October 2010, exports in November 2010 decreased by 4.1% while imports contracted by 9.2% and total trade declined by 6.5%.

Total trade during the period of January to November 2010 has surpassed the RM1 trillion mark with a value of RM1.064 trillion, increasing by 19.4% from the corresponding period in 2009. This was contributed by the exports value of RM582.26 billion and imports of RM481.72 billion. Exports registered an increase of 16.8% while imports surged by 22.8% compared with January to November 2009, resulting in a trade surplus of RM100.55 billion.

EXPORTS IN NOVEMBER 2010

The increase in exports in November 2010 of RM2.63 billion from a year ago was largely contributed by higher exports of palm oil, liquefied natural gas (LNG), refined petroleum products, chemicals and chemical products, manufactures of metal, crude rubber as well as optical and scientific equipment. On a month-on-month basis, exports contracted by 4.1% due to lower exports of electrical and electronic (E&E) products, refined petroleum products, optical and scientific equipment as well as machinery, appliances and parts.

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 Trade Performance : November 2010 and January - November 2010 (463.19 kB)