11 Straight Months of Strong Growth for Exports, Imports and Trade
Exports remained strong in September 2017, registering a double-digit growth of 14.8% to RM78.26 billion compared to September 2016. In the first nine months of 2017, exports surged by 21.3% to RM690.25 billion. Based on the performance so far, the full year estimate of 16.6% export growth as stated in the Economic Report 2017/2018 is well within reach. This would support the projected economic growth of between 5.2% and 5.7% for 2017.
With the emphasis on export promotion in the 2018 budget, exports is expected to be sustained in 2018.
September export achievements were supported by robust demand from major markets mainly from ASEAN, China, Hong Kong SAR, the European Union (EU), the United States of America (USA), Republic of Korea (ROK), Japan, Australia, Mexico and Turkey.
In September 2017, imports grew by 15.2% to RM69.65 billion compared with September 2016. In the first nine months of 2017, imports amounted to RM620.66 billion, rose by 22%.
Total trade expanded by 15% to RM147.91 billion in September 2017. Malaysia’s trade in the first nine months of 2017 increased by 21.7% to RM1.311 trillion compared with the same period of 2016.
Trade Performance : September 2017 and January - September 2017