Trade Performance 2019
Trade Performance : July 2019 and January - July 2019
The Highest Export Value for the Month of July
Malaysia’s exports picked up in July 2019 by 1.7% to RM87.96 billion compared to July 2018 and was the highest export value ever recorded for the month of July. Expansion in exports was contributed mainly by higher exports to Taiwan, the United States (US), China and Singapore.
Imports amounted to RM73.69 billion, a contraction of 5.9%. Trade surplus surged by 75.6% to RM14.27 billion. This was the 261st consecutive month of trade surplus since November 1997. Total trade was valued at RM161.65 billion, a decline of 1.9%.
On a month-on-month (m-o-m) basis, total trade, exports and imports registered a double digit growth of 14%, 15.5% and 12.3%, respectively. Trade surplus rose by 35.8%.
For the first 7 months of 2019, total trade stood at RM1.057 trillion, declining by 1.4% compared to the same period of 2018. Exports amounted to RM569.46 billion, slipped marginally by 0.4% while imports was RM487.84 billion, contracting by 2.6%. Trade surplus increased by 15.9% to RM81.62 billion.
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Trade Performance : June 2019 and January - June 2019
Trade Surplus Surged by 71% in June 2019
Malaysia registered a trade surplus of RM10.26 billion in June 2019, the 260th consecutive month of trade surplus since November 1997. Exports amounted to RM76.17 billion, contracted by 3.1% compared with June 2018. Imports decreased by 9.2% to RM65.91 billion.
Trade in June 2019 contracted by 6% to RM142.08 billion compared to June 2018. Lower trade was recorded with China, Hong Kong SAR, Thailand, Singapore and Japan. Higher trade however was registered with India, the Philippines and the United States (US).
On a month-on-month (m-o-m) basis, trade surplus recorded a double-digit growth of 13.1% while total trade, exports and imports were down by 10.8%, 9.5% and 12.2%, respectively.
Total trade for the second quarter (Q2) of 2019 was valued at RM460.78 billion, declined by 0.4% compared to RM462.8 billion in Q2 2018. Exports totalled RM245.46 billion, an increase of 0.2% while imports amounted to RM215.32 billion, contracting by 1.2%. A trade surplus of RM30.15 billion was recorded for the period, a growth of 11.1%.
Compared to the first quarter (Q1) 2019, total trade, exports and imports rose by 5.9%, 4% and 8.1%, respectively. Trade surplus declined by 18.4%.
For the first half (H1) of 2019, exports declined by 0.2% to RM481.53 billion and imports decreased by 1.8% to RM414.42 billion compared to the same period of 2018. Total trade contracted by 1% to RM895.95 billion while trade surplus expanded by 10.9% to RM67.1 billion.
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Trade Performance : April 2019 and January - April 2019
Trade Rebounded in April 2019
Malaysia’s trade in April 2019 expanded by 2.6% to RM159.55 billion compared to April 2018. Higher trade was recorded with ASEAN, Australia, Saudi Arabia, Taiwan, the United States (US), Japan, India and China.
Exports increased by 1.1% to RM85.2 billion after registering 2 consecutive year-on-year (y-o-y) declines since February 2019. This was also the highest export value ever recorded for the month of April. Imports rose by 4.4% to RM74.35 billion. Trade surplus was RM10.86 billion, lower by 16.6% and was the 258th consecutive month of trade surplus since November 1997.
On a month-on-month (m-o-m) basis, total trade, exports and imports increased by 3.8%, 1.4% and 6.7%, respectively. Trade surplus contracted by 24.5%.
In the first 4 months of 2019, total trade was still marginally lower by 0.4% to RM594.72 billion compared to the same period of 2018. Exports amounted to RM321.26 billion, a decrease of 0.2% while imports slipped by 0.7% to RM273.45 billion. Trade surplus grew by 3.1% to RM47.81 billion during the period.
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Trade Performance : May 2019 and January - May 2019
The Highest Export Value for The Month of May
Malaysia’s trade in May 2019 grew by 2% from May 2018 to reach a value of RM159.21 billion. Expansion was supported mainly by higher trade with the United States (US), India, the Philippines and Thailand.
Exports rose by 2.5% to RM84.15 billion, the highest export value ever registered for the month of May. Imports expanded by 1.4% to RM75.06 billion. Faster export growth compared to imports has resulted in a higher trade surplus of RM9.08 billion, surged by 11.9% compared to May last year. This was the 259th consecutive month of trade surplus since November 1997.
On a month-on-month (m-o-m) basis, imports increased by 1% while total trade, exports and trade surplus slipped by 0.2%, 1.2% and 16%, respectively.
For the first 5 months of 2019, total trade increased by 0.1% to RM753.88 billion compared to the same period of 2018. Exports grew by 0.3% to RM405.36 billion while imports shrank by 0.3% to RM348.52 billion. Trade surplus rose by 4.3% to RM56.85 billion during the period.
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Trade Performance : March 2019 and January - March 2019
The Highest Month-On-Month Export Growth Since April 2010
Malaysia’s trade in March 2019 decreased marginally by 0.3% to RM153.73 billion compared to March 2018. Lower trade was recorded with Japan, ASEAN, India, Hong Kong SAR, the European Union (EU), the Republic of Korea (ROK) and Turkey. Meanwhile, higher trade was registered with China, Saudi Arabia, Taiwan, Australia, and the United States (US).
Exports in March 2019 was valued at RM84.05 billion, a slight decrease of 0.5% from RM84.47 billion recorded in March 2018. Imports contracted by 0.1% to RM69.68 billion. Trade surplus stood at RM14.37 billion, lower by 2.2% from a year ago and was the 257th consecutive month of trade surplus since November 1997.
On a month-on-month (m-o-m) basis, total trade surged by 25.9% while exports grew by 26.2%, the fastest export growth registered since April 2010. Imports and trade surplus expanded by 25.4% and 30%, respectively.
Total trade for the first quarter (Q1) of 2019 was valued at RM435.16 billion, a decline of 1.5% compared to RM441.89 billion registered in Q1 2018. Exports totalled RM236.05 billion, a decrease of 0.7% while imports amounted to RM199.11 billion, contracted by 2.5%. A trade surplus of RM36.94 billion was recorded for the period, increased by 10.7%.
Compared to the fourth quarter (Q4) 2018, total trade, exports and imports contracted by 12%, 10.8%, 13.4%, respectively. Trade surplus expanded by 6.1%.
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