Trade Performance 2021
Trade Performance : February 2021 and January - February 2021
MEDIA STATEMENT
MALAYSIA EXTERNAL TRADE STATISTICS
TRADE PERFORMANCE FOR FEBRUARY 2021 AND THE PERIOD OF JANUARY- FEBRUARY 2021
Trade, Exports, Imports and Trade Surplus Reached a New High for the Month of February
Malaysia’s trade continued its positive growth momentum in February 2021, registering a double-digit growth of 15.4% to RM157.27 billion compared to the same month last year. Exports accelerated by 17.6% to RM87.57 billion and imports rose by 12.7% to RM69.7 billion. Trade surplus surged by 41.6% to RM17.86 billion. Trade, exports, imports and trade surplus posted a new high for the month of February.
Exports maintained its year-on-year (y-o-y) positive growth for six consecutive months. This expansion was also the fastest since October 2018. Export growth was supported by increase in global demand notably for electrical and electronic (E&E) products mainly semiconductor, rubber products as well as commodity-based products particularly petroleum products and palm oil. Higher exports were seen to most major markets namely ASEAN, China, the United States (US), the European Union (EU), Japan and Hong Kong SAR.
Compared to January 2021, trade surplus increased by 7.6%. Total trade, exports and imports were lower by 3.3%, 2.3% and 4.5%, respectively.
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Trade Performance : February 2021 and January - February 2021
Trade Performance : February 2021 and January - February 2021 (Infographic)
Trade Performance : January 2021
MEDIA STATEMENT
MALAYSIA EXTERNAL TRADE STATISTICS
TRADE PERFORMANCE FOR JANUARY 2021
Exports Maintained Positive Growth - Highest Value for January
Malaysia’s exports in January 2021 maintained its positive growth for five consecutive months, registering an increase of 6.6% to RM89.63 billion compared to January 2020. This also marked the highest export value for the month of January thus far. The expansion was supported by increase in global demand notably for electrical and electronic (E&E) and rubber products as well as front-loading activities prior to the festive season. Higher exports was seen to China, the United States (US), Viet Nam, Singapore and Hong Kong SAR.
Imports in January 2021 expanded by 1.3% y-o-y to RM73.02 billion. Total trade rose by 4.1% to RM162.65 billion, the highest value registered for the month of January. Trade surplus surged by 38% to RM16.6 billion, sustaining a double-digit growth for eight consecutive months.
Compared to December 2020, total trade, exports, imports and trade surplus decreased by 4.8%, 6.4%, 2.7% and 19.8%, respectively.
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Trade Performance : January 2021
Trade Performance : January 2021 (Infographic)
