Trade Surplus Expanded to RM23.94 billion in Q1 2016
Malaysia’s trade surplus registered a double digit growth of 12.2% to reach a value of RM23.94 billion during the first quarter (Q1) of 2016. Total trade were valued at RM346.38 billion compared with RM345.15 billion recorded during the same period of last year.
Exports rebounded to RM185.16 billion, an increase of 1% as compared to a decline of 2.5% recorded in Q1 2015. Growth in exports was recorded to major markets namely, ASEAN, the United States of America (USA), the European Union (EU) and Turkey. Imports were sustained at RM161.22 billion compared with RM161.91 billion recorded in January to March 2015.
For the month of March 2016, trade surplus surged by 52.2% to RM11.19 billion from RM7.35 billion in February 2016, making it the 221st consecutive month of trade surplus since November 1997. On a year-on-year basis, trade surplus rose 43.1%. Exports increased marginally to RM66.59 billion from RM66.47 billion recorded in March 2015. Imports decreased by 5.5% to RM55.39 billion, with total trade of RM121.98 billion recorded, a decline of 2.5%.
On a month-on-month basis, exports, imports and total trade registered a double digit growth of 17.4%, 12.2% and 15%, respectively.
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Trade Performance : March 2016 and January - March 2016