April 2017- Double Digit Trade Growth for 5 Straight Months
Malaysia’s total trade in April 2017 surged by 22.5% to RM139.18 billion compared with the year before. The growth was supported by expansion in trade with ASEAN, China, Japan, India, the European Union (EU) and the United States of America (USA).
Exports maintained its double digit growth for the fifth straight month since December 2016. Exports in April 2017 grew by 20.6% to RM73.97 billion from April 2016 and imports expanded by 24.7% to RM65.21 billion, resulting in a trade surplus of RM8.75 billion. This marks the 234th consecutive month of trade surplus since November 1997.
On a month-on-month basis, total trade, exports and imports dropped by 12.9%, 10.5% and 15.6%, respectively due to the high base effect in March.
Total trade for the first four months of 2017 was valued at RM569.68 billion, grew by 23.8% compared with RM460.02 billion recorded in the same period last year. Exports totalled RM298.65 billion, an increase of 21.2% while imports rose by 26.9% to RM271.03 billion. The trade surplus amounted to RM27.62 billion.
Trade Performance : April 2017 and January - April 2017