Trade Performance 2023
Trade Performance : February 2023 and January - February 2023
Trade in February Remained Buoyant with Double Digit Growth
Malaysia’s trade performance continued its upward trajectory in February 2023. Trade registered double-digit year-on-year (y-o-y) growth, increasing by 11% to RM204.99 billion compared to February 2022. Exports grew by 9.8% to RM112.28 billion and imports expanded by 12.4% to RM92.71 billion. Trade surplus was recorded for 34 consecutive months since May 2020, valued at RM19.56 billion. Trade, exports and imports registered the highest monthly value for February.
The export growth was supported by strong exports of petroleum products, electrical and electronic (E&E) products as well as liquefied natural gas (LNG). Meanwhile, exports to major trading partners notably ASEAN and the United States (US) recorded double-digit growth.
Compared to January 2023, trade surplus grew by 7.9%, while trade, exports and imports slipped by 1.1%, 0.3% and 1.9%, respectively due to shorter working days.
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English
Trade Performance : February 2023 and January - February 2023
Trade Performance : February 2023 and January - February 2023 (Infographic)
Bahasa Melayu
Prestasi Perdagangan : Februari 2023 dan Januari - Februari 2023
Prestasi Perdagangan : Februari 2023 dan Januari - Februari 2023 (Infografik)
Trade Performance : January 2023
Highest Trade, Exports and Imports for January
Malaysia’s trade performance maintained its upward momentum in January 2023 with trade, exports and imports registering the highest monthly value for the month of January. Trade expanded by 1.9% year-on-year (y-o-y) to RM207.51 billion. Exports rose by 1.6% to RM112.84 billion and imports was higher by 2.3% to RM94.67 billion. Trade surplus amounted to RM18.16 billion, a decrease of 2.1%. This marked the 33rd consecutive month of trade surplus since May 2020.
The export expansion was bolstered by strong exports of petroleum products, liquefied natural gas (LNG) as well as electrical and electronic (E&E) products. Exports to major trading partners notably ASEAN and Japan recorded double-digit growth.
Compared to December 2022, trade, exports, imports and trade surplus contracted by 11.8%, 14.4%, 8.6% and 35.5%, respectively, due to shorter working days and long festive holidays.
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English
Trade Performance : January 2023
Trade Performance : January 2023 (Infographic)
Bahasa Melayu
Prestasi Perdagangan : Januari 2023
Prestasi Perdagangan : Januari 2023 (Infografik)
