Trade Performance 2021
Trade Performance : December 2021 and January - December 2021
Year 2021 witnessed a robust world trade performance which rebounded from the impact of COVID-19 pandemic albeit disruptions in global supply chain and other uncertainties. Despite the challenges faced, Malaysian business community remained resilient following strong global demand which led to resurgence in trade activities.
Malaysia’s external trade in 2021 improved, registering historic performance with trade, exports, imports and trade surplus reaching an all-time high. Trade posted another milestone, surpassing RM2 trillion for the first time and recorded the fastest growth since 1994. Exports valued at RM1.24 trillion, achieving 99% of the Twelfth Malaysia Plan 2021-2025 (Twelfth Plan) export projection for 2025, four years ahead of the target. Trade surplus was posted for 24 consecutive years since 1998. These remarkable achievements were driven by robust external demand and higher commodity prices.
Exports to major trading partners namely ASEAN, China, the United States (US) and the European Union (EU) recorded new high with strong double-digit expansion. Meanwhile, exports to Japan recovered with a double-digit growth after declining for three consecutive years. Significant export expansion was also registered to emerging markets such as Costa Rica, Kenya, Egypt, Nigeria, Ghana and Iraq. Exports to Free Trade Agreement (FTA) partners showed an upward trajectory with a new high value after two consecutive years of contraction.
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Trade Performance : December 2021 and January - December 2021
Trade Performance : December 2021 and January - December 2021 (Infographic)
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)
Trade Performance : September 2021 and January - September 2021
Trade, Exports and Trade Surplus Posted an All-Time Record High
Malaysia’s trade continued its stellar performance in September 2021, with a new high for trade, exports and trade surplus monthly value. Trade expanded by 25.5% to RM195.54 billion compared to September 2020, the eighth consecutive month of double-digit growth since February 2021. Exports maintained above RM100 billion for the fourth time this year, grew by 24.7% to RM110.83 billion. This was the 13th consecutive month of year-on-year (y-o-y) expansion since September 2020. Imports increased by 26.5% to RM84.7 billion and trade surplus rose by 19.1% to RM26.13 billion.
The export growth was contributed mainly by robust external demand for petroleum products, manufactures of metal, palm oil and palm oil-based agriculture products as well as electrical and electronic (E&E) products. Exports of manufactures of metal, palm oil and palm oil-based agriculture products as well as E&E products registered the highest monthly value thus far. Meanwhile, exports to ASEAN, China, the United States (US) and Japan recorded double-digit growth. Exports to China registered the highest monthly value ever.
On a month-on-month (m-o-m) basis, trade, exports, imports and trade surplus recorded double-digit growth of 15.2%, 16%, 14.2% and 22.2%, respectively.
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Trade Performance : September 2021 and January - September 2021
Trade Performance : September 2021 and January - September 2021 (Infographic)
Trade Performance : October 2021 and January - October 2021
Trade, Exports, Imports and Trade Surplus Soared to Another All-Time High
Malaysia’s trade continued its remarkable achievement in October 2021, registering another round of record high monthly value for trade, exports, imports and trade surplus. Trade expanded by 26.5% to RM202.61 billion compared to October 2020, breaching RM200 billion mark for the first time and was the ninth consecutive month of double-digit growth since February 2021. Exports rose by 25.5% to RM114.43 billion, the 14th consecutive month of year-on-year (y-o-y) expansion since September 2020. Imports was higher by 27.9% to RM88.18 billion and trade surplus increased by 17.9% to RM26.25 billion.
The export growth was boosted mainly by higher shipments of petroleum products, manufactures of metal, electrical and electronic (E&E) products, chemicals and chemical products as well as palm oil and palm oil-based agriculture products. Exports of manufactures of metal and E&E products registered the highest monthly value thus far. 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 registered the highest monthly value.
On a month-on-month (m-o-m) basis, trade, exports, imports and trade surplus grew by 3.6%, 3.2%, 4.1% and 0.5%, respectively.
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Trade Performance : October 2021 and January - October 2021
Trade Performance : October 2021 and January - October 2021 (Infographic)
Trade Performance : August 2021 and January - August 2021
Double-Digit Growth for Trade, Exports, Imports and Trade Surplus in August 2021
Malaysia’s trade performance remained resilient and maintained its upward momentum in August 2021. Trade increased by 15.7% to RM169.79 billion compared to August 2020, the seventh consecutive month of double-digit growth since February 2021. Exports grew by 18.4% to RM95.59 billion, the 12th consecutive month of year-on-year (y-o-y) expansion since September 2020. Imports expanded by 12.5% to RM74.2 billion while trade surplus was up by 44.7% to RM21.39 billion. Trade, exports and trade surplus registered the highest monthly value for August.
The export growth was contributed mainly by robust external demand for petroleum products, electrical and electronic (E&E) products mainly due to higher shipments of semiconductors as well as chemicals and chemical products. Exports to all major markets namely ASEAN, China, the United States (US), the European Union (EU), and Japan recorded positive growth.
On a month-on-month (m-o-m) basis, trade surplus surged by 55.5% while trade, exports and imports declined by 6.1%, 1.8% and 11.2% respectively.
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Trade Performance : August 2021 and January - August 2021
Trade Performance : August 2021 and January - August 2021 (Infographic)
