Trade Surplus of RM59.8 billion Recorded in First Nine Months 2016
For the period of January-September 2016, trade value of RM1.077 trillion was registered. Compared to the same period of 2015, it was a marginal increase of 0.6%. Expansion in trade were recorded with the United States of America (USA), ASEAN, the Republic of Korea (ROK), Taiwan, China, Germany, Turkey, Saudi Arabia, Mexico, Bangladesh and India.
During the period, exports grew by 0.5% or RM2.58 billion to RM568.36 billion while imports increased by 0.7% or RM3.75 billion to RM508.59 billion. Trade surplus of RM59.77 billion was recorded, compared to RM60.93 billion registered for the same period of 2015.
In September 2016, the 227th consecutive month of trade surplus was recorded since November 1997 valued at RM7.56 billion. Exports for the month declined by 3% or RM2.12 billion year-on-year, to RM68.03 billion while imports decreased marginally by 0.1% or RM31.8 million to RM60.47 billion. Overall, trade was lower by 1.6% to RM128.5 billion.
On a month-on-month basis, exports, imports and total trade posted a growth of 0.7%, 2.4% and 1.5%, respectively.
Trade Performance : September 2016 and January - September 2016 (228.68 kB)