Trade Performance : July 2018 and January - July 2018
July Exports- A New Record High at RM86.12 Billion
Malaysia’s total trade in July 2018 rose 9.8% from a year earlier to reach a value of RM163.95 billion. The expansion was supported mainly by higher trade with China, Hong Kong SAR, Taiwan, ASEAN, India and Saudi Arabia.
Malaysia’s exports in July 2018 registered a new high of RM86.12 billion, increasing by 9.4% year-on-year (y-o-y). Imports also recorded the highest monthly value, expanding by 10.3% to RM77.83 billion. Trade surplus rebounded by 1.7% to RM8.3 billion after a y-o-y decline of 41.1% in June 2018. This was the 249th consecutive month of trade surplus since November 1997.
On a month-on-month (m-o-m) basis, total trade, exports, imports and trade surplus grew by 8.4%, 9.6%, 7.2% and 38.3%, respectively.
For the first 7 months of 2018, total trade expanded by 6.1% to RM1.069 trillion compared to the same period in 2017. Exports accelerated by 7.3% to RM568.72 billion while imports grew at a slower pace of 4.8% to RM499.91 billion. Trade surplus for this period surged by 29.7% to RM68.81 billion compared to the same period last year.
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