Trade Performance : October 2019 and January - October 2019
Highest Monthly Export Value in 2019
Malaysia’s exports in October 2019 stood at RM90.59 billion, the highest monthly export value recorded in 2019. Exports contracted by 6.7% year-on-year (y-o-y) due to high base effect of RM97.12 billion in October 2018. Higher exports were registered to Singapore, Taiwan, the United States (US) and Russian Federation while lower exports were recorded to Australia, China, Japan, Thailand and India.
Total trade decreased by 7.6% to RM163.86 billion and imports amounted to RM73.27 billion, a decline of 8.7% from October 2018. Trade surplus in October 2019 was valued at RM17.33 billion, rose by 2.8% compared to RM16.85 billion registered in October 2018. This marked the 264th consecutive months of trade surplus since November 1997 and the highest monthly surplus ever recorded thus far.
Compared to September 2019, total trade, exports, imports and trade surplus registered an increase of 11.4%, 16.6%, 5.6% and 107.4%, respectively.
Total trade in the first 10 months of 2019 declined by 2.8% to RM1.52 trillion. Exports during this period registered a decrease of 1.8% to RM819.13 billion. Lower exports were recorded to Hong Kong SAR, Australia, Japan, Indonesia and China. Higher exports however were registered to Taiwan, the US, India and the Philippines. Imports contracted by 3.9% to RM700.93 billion. Moreover, trade surplus expanded by 13.3% to RM118.2 billion and marked the highest trade surplus for January-October since 2009.
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