Trade Performance : March 2020 and January - March 2020
Highest Q1 Export Value Thus Far
Malaysia’s trade during the first quarter (Q1) of 2020 grew by 1.2% to RM440.38 billion compared to Q1 2019. Higher trade was recorded with Indonesia, the United States (US), the Republic of Korea (ROK), Saudi Arabia and Singapore. Exports during the period registered an increase of 1.1% to RM238.68 billion, the highest export value recorded for Q1 thus far. Imports rose by 1.3% to RM201.69 billion.
Trade surplus in Q1 2020 was valued at RM36.99 billion, rose by 0.1% compared to the same period of 2019. This was the largest trade surplus recorded for Q1 since 2011.
Compared to the fourth quarter (Q4) of 2019, total trade, exports and imports contracted by 8.1%, 7.4% and 8.9%, respectively. Trade surplus expanded by 1.5%.
In March 2020, Malaysia’s trade was valued at RM147.9 billion, a decrease of 3.8% compared to March 2019. Lower trade was recorded with Thailand, Hong Kong SAR, Viet Nam, Germany and Singapore. Nevertheless, higher trade was registered with Indonesia, Saudi Arabia, the ROK and Japan. Exports contracted by 4.7% to RM80.12 billion and imports declined by 2.7% to RM67.78 billion.
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