Trade Performance : November 2021 and January - November 2021
Trade at New Monthly High
Malaysia’s trade continued its stellar performance and maintained upward trajectory in November 2021. Trade registered an expansion of 34.9% to RM205.5 billion compared to November 2020, breaching RM200 billion mark for the second time in a row and was the 10th consecutive month of double-digit growth since February 2021. Exports rose by 32.4% to RM112.2 billion, the 15th consecutive month of year-on-year (y-o-y) expansion since September 2020. Imports was higher by 38% to RM93.3 billion and trade surplus increased by 10.5% to RM18.9 billion. Trade and imports recorded highest monthly value.
The export expansion was underpinned by strong exports of electrical and electronic (E&E) products, petroleum products as well as palm oil and palm oil-based agriculture products. Meanwhile, exports to major markets notably ASEAN, China, the United States (US), the European Union (EU) and Japan recorded double-digit growth. Exports to ASEAN and the US registered an all-time high monthly value.
On a month-on-month (m-o-m) basis, trade and imports grew by 1.5% and 5.9%, while exports and trade surplus contracted by 1.9% and 28.1%, respectively.
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Trade Performance : November 2021 and January - November 2021
Trade Performance : November 2021 and January - November 2021 (Infographic)
