Trade Performance : July 2021 and January - July 2021
Highest Trade, Exports and Imports for the Month of July
Malaysia’s trade performance maintained its upward movement in July 2021 as trade increased by 13% to RM180.96 billion compared to July 2020. This was the sixth consecutive month of double-digit growth since February 2021. Exports grew by 5% to RM97.32 billion, the 11th consecutive month of year-on-year (y-o-y) expansion since September 2020. Imports rose by 24% to RM83.64 billion while trade surplus contracted 45.8% to RM13.68 billion. Trade, exports and imports registered the highest monthly value for July.
The export growth was backed by higher shipments of petroleum products, palm oil and palm oil-based agriculture products as well as chemicals and chemical products driven by robust external demand. Exports to major markets namely ASEAN, the European Union (EU) and Japan recorded positive growth.
On a month-on-month (m-o-m) basis, imports increased by 0.5% while trade, exports and trade surplus declined by 4.1%, 7.7% and 38.5%, respectively.
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Trade Performance : July 2021 and January - July 2021
Trade Performance : July 2021 and January - July 2021 (Infographic)
