Trade Up 1.3%, Exports Up 1.2% and Imports Up 1.4%, First Six Months of 2016
Malaysia’s trade in the first half (H1) of 2016 grew by 1.3% to RM704 billion, up from RM694.98 billion recorded in H1 2015. The expansion was supported mainly by trade with the United States of America (USA), ASEAN, China, the European Union (EU), Bangladesh, Turkey and Mexico.
During the period, exports were increased by 1.2% or RM4.56 billion to a total value of RM372.9 billion and imports increased by 1.4% or RM4.46 billion to RM331.11 billion. A trade surplus of RM41.79 billion was recorded for H1 2016 compared to RM41.69 billion registered in H1 2015.
Better performance in H1 2016 was partly contributed by higher trade in the month of June 2016 which increased by 5.7% year-on-year to RM127.38 billion. Exports in June 2016 rebounded with an expansion of 3.4% to RM66.45 billion, from a negative growth rate recorded in May 2016. Imports rose by 8.3% or RM4.65 billion to RM60.93 billion. June’s trade surplus of RM5.52 billion made it the 224th consecutive month of trade surpluses recorded since November 1997.
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Trade Performance : June 2016 and January - June 2016 (229.03 kB)