Trade Performance : November 2017 and January - November 2017
Exports Hit All-time Monthly Record High in November 2017
Malaysia’s total trade in November 2017 surged by 14.8% to RM157.05 billion compared with the year before. The growth was mainly buoyed by trade with ASEAN, the European Union (EU), China, Hong Kong SAR, the Republic of Korea (ROK), the United States of America (USA) and Taiwan.
Exports in November 2017 expanded by 14.4% to RM83.5 billion, the highest monthly export value ever recorded after the RM82.62 billion registered in March 2017. Imports rose by 15.2% to RM73.55 billion. Trade surplus amounted to RM9.95 billion, the 241st consecutive month of trade surplus since November 1997.
On a month-on-month (m-o-m) basis, total trade, exports and imports expanded by 1.9%, 1.5% and 2.4%, respectively.
Total trade for the first eleven months of 2017 amounted to RM1.622 trillion, grew by 20.8% compared with the same period of 2016. Exports totalled RM856.05 billion, surged by 20.4% while imports stood at RM766.07 billion, rose by 21.2%. Trade surplus of RM89.98 billion was recorded, higher by 13.6% compared to the corresponding period of 2016. The total value of trade, exports, imports and trade balance for the first 11 months of 2017 had surpassed that of the whole of 2016, respectively.
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Trade Performance : November 2017 and January - November 2017
