Trade Performance : January 2021
MEDIA STATEMENT
MALAYSIA EXTERNAL TRADE STATISTICS
TRADE PERFORMANCE FOR JANUARY 2021
Exports Maintained Positive Growth - Highest Value for January
Malaysia’s exports in January 2021 maintained its positive growth for five consecutive months, registering an increase of 6.6% to RM89.63 billion compared to January 2020. This also marked the highest export value for the month of January thus far. The expansion was supported by increase in global demand notably for electrical and electronic (E&E) and rubber products as well as front-loading activities prior to the festive season. Higher exports was seen to China, the United States (US), Viet Nam, Singapore and Hong Kong SAR.
Imports in January 2021 expanded by 1.3% y-o-y to RM73.02 billion. Total trade rose by 4.1% to RM162.65 billion, the highest value registered for the month of January. Trade surplus surged by 38% to RM16.6 billion, sustaining a double-digit growth for eight consecutive months.
Compared to December 2020, total trade, exports, imports and trade surplus decreased by 4.8%, 6.4%, 2.7% and 19.8%, respectively.
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Trade Performance : January 2021
Trade Performance : January 2021 (Infographic)
