Trade Surplus at RM12 billion, Highest January Trade Surplus in 9 Years
Malaysia recorded a trade surplus of RM12 billion in January 2020, 4.2% higher compared to January 2019. This was the highest monthly trade surplus for the month of January since January 2011 and the 267th consecutive month of surplus.
Exports totalled RM84.08 billion, a marginal decrease of 1.5% compared to January 2019. Imports slipped by 2.4% to RM72.08 billion.
Total trade amounted to RM156.17 billion, a contraction of 2% from January 2019. Lower trade was seen with China, Thailand, Hong Kong SAR, Viet Nam and Taiwan, while higher trade was recorded with the United States (US), Australia, Republic of Korea (ROK) and Indonesia.
On a month-on-month (m-o-m) basis, total trade, exports, imports and trade surplus decreased by 2.6%, 2.7%, 2.4% and 4%, respectively.
Trade Performance : January 2020