Trade of RM821.8 billion in First Seven Months 2016
Malaysia’s trade for the period January-July 2016 expanded marginally by 0.3% to reach a value of RM821.8 billion as compared to RM819.04 billion in the same period of 2015. Expansion in trade were seen with the United States of America (USA), the Republic of Korea, ASEAN, Turkey, Nigeria, Mexico and Bangladesh.
In tandem with subdued external demand, exports grew by 0.3% or RM1.2 billion to RM432.75 billion while imports increased by 0.4% or RM1.55 billion to RM389.05 billion. Trade surplus of RM43.7 billion was recorded, compared to RM44.06 billion registered for the same period of 2015.
In July 2016, a trade surplus of RM1.91 billion was registered, the 225th consecutive month of trade surpluses recorded since November 1997. Exports for the month declined by 5.3% or RM3.37 billion year-on-year, to RM59.85 billion while imports contracted by 4.8% or RM2.91 billion to RM57.94 billion. Overall, trade was lower by 5.1% to RM117.79 billion.
Trade Performance : July 2016 and January - July 2016 (221.74 kB)