May 2017 – Export Growth Outpaced Import for the First Time Since May 2016
Malaysia’s trade in May 2017 registered a value of RM153.3 billion and grew by 31.5% as against RM116.6 billion recorded in May 2016. Expansion in trade was seen with almost all trading partners particularly ASEAN, China, the United States of America (USA), the European Union (EU), India, Taiwan and Australia.
Exports in May 2017 posted a stronger year-on-year growth compared to imports for the first time since May 2016. Exports grew by 32.5% to RM79.4 billion while imports increased by 30.4% to RM73.91 billion, resulting in a trade surplus of RM5.49 billion. This was the 235th consecutive month of trade surplus recorded since November 1997.
On a month-on-month basis, total trade, exports and imports expanded by 10.2%, 7.5% and 13.3%, respectively.
In January-May 2017, total trade grew by 25.4% to RM722.89 billion, exports increased by 23.3% to RM377.96 billion while imports rose by 27.7% to RM344.93 billion. The trade surplus amounted to RM33.03 billion.
Trade Performance : May 2017 and January - May 2017