Trade Performance : October 2018 and January - October 2018
October Exports Reached a New High, Breaching RM90 billion
Malaysia’s trade continued its positive growth momentum in October 2018, expanding by 14.8% to RM176.43 billion compared to the same month last year. Higher trade was seen with ASEAN, China, Taiwan, Hong Kong SAR, Australia, the Republic of Korea (ROK), Saudi Arabia, the United States of America (USA), India and the European Union (EU).
Exports in October 2018 recorded a new milestone, breaching RM90 billion for the first time. Exports recorded the highest monthly value of RM96.38 billion, an increase of 17.7% year-on-year (y-o-y), outpacing import growth for two consecutive months. Imports rebounded by 11.4% to RM80.05 billion from a decline of 2.8% in September 2018.
Trade surplus widened by 63.1% to RM16.32 billion, the largest trade surplus ever recorded thus far. This surplus marked the 252nd consecutive month of trade surplus since November 1997.
On a month-on-month (m-o-m) basis, exports, imports and total trade were recorded a double-digit growth of 16.2%, 18.2% and 17.1%, respectively. Trade surplus increased by 7.2%.
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