Trade Performance : November 2019 and January - November 2019
Largest Trade Surplus for the Period of January to November Since 2009
Malaysia’s trade surplus in January to November 2019 was valued at RM124.74 billion, expanded by 10.6% compared to RM112.82 billion registered for the same period of 2018. This was the largest trade surplus recorded for the period of January to November since 2009.
Against the backdrop of challenging global economic conditions and ongoing trade tensions, Malaysia’s total trade over the past 11 months declined by 3% to RM1.675 trillion. Lower trade was recorded with Singapore, Hong Kong SAR, France, Japan and Thailand. Meanwhile, higher trade was registered with the United States (US), the United Arab Emirates (UAE), the Philippines and the United Kingdom (UK). Exports during this period registered a decrease of 2.1% to RM899.93 billion and imports contracted by 3.9% to RM775.19 billion.
Total trade in November 2019 decreased by 4.6% year-on-year (y-o-y) to RM155.06 billion. Lower trade was recorded with Singapore, Hong Kong SAR, Thailand, Taiwan and France while higher trade was registered with China, the US, the UAE and the UK. Exports totalled RM80.8 billion, contracted by 5.5% and imports amounted to RM74.26 billion, a decline of 3.6%.
Trade surplus in November 2019 was valued at RM6.54 billion, dipped by 23.1% as opposed to RM8.5 billion registered in November 2018. November trade surplus marked the 265th consecutive months of surplus since November 1997.
Compared to October 2019, Malaysia’s imports logged a growth of 1.4% while exports, total trade and trade surplus declined by 10.8%, 5.4% and 62.3%, respectively.
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Trade Performance : November 2019 and January - November 2019
