Trade Performance 2020
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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Trade Performance : February 2020 and January - February 2020
February 2020 - the Fastest Export Growth y-o-y since November 2018
Malaysia’s trade in February 2020 registered a double-digit growth of 11.6% to RM136.28 billion compared to February 2019. Higher trade was recorded with the United States (US), Singapore, the Republic of Korea (ROK), China and Taiwan. Exports picked up sharply by 11.8% to RM74.45 billion, compared to a 1.5% decline in January 2020. This was the strongest year-on-year (y-o-y) growth in 16 months. Imports expanded by 11.3% to RM61.83 billion.
Trade surplus in February 2020 was valued at RM12.62 billion, grew by 14.1% compared to February 2019. This was the largest trade surplus recorded for the month of February thus far and the 268th consecutive month of surplus.
Compared to January 2020, trade, exports and imports posted a decline of 12.7%, 11.5% and 14.2%, respectively. Trade surplus increased by 4.9%.
Malaysia’s trade over the past 2 months grew by 3.9% to RM292.48 billion. Higher trade was recorded with the US, Singapore, the ROK, Indonesia and India. Exports during the period registered an increase of 4.3% to RM158.57 billion and imports rose by 3.5% to RM133.91 billion.
Malaysia’s trade surplus in January to February 2020 was valued at RM24.65 billion, expanded by 9.2% compared to RM22.57 billion for the same period of 2019.
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Trade Performance : February 2020 and January - February 2020
Trade Performance : January 2020
Trade Surplus at RM12 billion, Highest January Trade Surplus in 9 Years
Malaysia recorded a trade surplus of RM12 billion in January 2020, 4.2% higher compared to January 2019. This was the highest monthly trade surplus for the month of January since January 2011 and the 267th consecutive month of surplus.
Exports totalled RM84.08 billion, a marginal decrease of 1.5% compared to January 2019. Imports slipped by 2.4% to RM72.08 billion.
Total trade amounted to RM156.17 billion, a contraction of 2% from January 2019. Lower trade was seen with China, Thailand, Hong Kong SAR, Viet Nam and Taiwan, while higher trade was recorded with the United States (US), Australia, Republic of Korea (ROK) and Indonesia.
On a month-on-month (m-o-m) basis, total trade, exports, imports and trade surplus decreased by 2.6%, 2.7%, 2.4% and 4%, respectively.
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