November Exports Breached RM70 billion Mark in 2016
Malaysia’s exports in November 2016 recorded a strong year-on-year growth of 7.8%, reaching RM72.83 billion, the highest monthly exports recorded in the first eleven months of the year. The achievement was supported by robust demand from major markets mainly from ASEAN, China, the European Union (EU), the United States of America (USA), Hong Kong and India. Imports in November 2016 grew by 11.2% to RM63.8 billion. Total trade rose 9.3% to RM136.63 billion while trade surplus stood at RM9.03 billion, making it the 229th consecutive month of trade surplus since November 1997.
Malaysia’s total trade for the first eleven months of 2016 increased by 0.5% to RM1.342 trillion compared with RM1.335 trillion in the corresponding period in 2015. During the period, exports were higher by 0.2% to RM710.38 billion while imports increased by 1% to RM631.83 billion with trade surplus of RM78.55 billion.
On a month-on-month basis, exports, imports and total trade posted a growth of 5.2%, 7.3% and 6.2%, respectively.
Trade Performance : November 2016 and January - November 2016 (937.88 kB)