Trade Performance : April 2021 and January - April 2021
Trade, Exports and Imports Continued to Mark a New High
Malaysia’s trade performance maintained its strong growth momentum in April 2021, outperformed March with another record of new high for trade, exports and imports monthly value. Trade grew by 43.2% to RM190.76 billion compared to April 2020. Exports maintained above RM100 billion for two consecutive months, reaching RM105.62 billion and surged by 63%. This was the fastest growth since February 1998 and the eighth consecutive month of year-on-year (y-o-y) expansion since September 2020. Imports increased by 24.4% to RM85.14 billion and trade surplus surged by 663.5% to RM20.48 billion. Trade, exports and imports recorded double-digit growth for three consecutive months.
The expansion in exports was sustained by higher global demand primarily for electrical and electronic (E&E) products mainly semiconductors in tandem with increasing digitalisation and 5G technology development, rubber products as well as petroleum products. Exports to all major markets namely ASEAN, China, the United States (US), the European Union (EU) and Japan registered positive growth.
On a month-on-month (m-o-m) basis, trade, exports and imports grew by 2.7%, 0.6% and 5.4%, respectively. Trade surplus decreased by 15.4%.
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Trade Performance : April 2021 and January - April 2021
Trade Performance : April 2021 and January - April 2021 (Infographic)
