Trade Performance : February 2021 and January - February 2021
MEDIA STATEMENT
MALAYSIA EXTERNAL TRADE STATISTICS
TRADE PERFORMANCE FOR FEBRUARY 2021 AND THE PERIOD OF JANUARY- FEBRUARY 2021
Trade, Exports, Imports and Trade Surplus Reached a New High for the Month of February
Malaysia’s trade continued its positive growth momentum in February 2021, registering a double-digit growth of 15.4% to RM157.27 billion compared to the same month last year. Exports accelerated by 17.6% to RM87.57 billion and imports rose by 12.7% to RM69.7 billion. Trade surplus surged by 41.6% to RM17.86 billion. Trade, exports, imports and trade surplus posted a new high for the month of February.
Exports maintained its year-on-year (y-o-y) positive growth for six consecutive months. This expansion was also the fastest since October 2018. Export growth was supported by increase in global demand notably for electrical and electronic (E&E) products mainly semiconductor, rubber products as well as commodity-based products particularly petroleum products and palm oil. Higher exports were seen to most major markets namely ASEAN, China, the United States (US), the European Union (EU), Japan and Hong Kong SAR.
Compared to January 2021, trade surplus increased by 7.6%. Total trade, exports and imports were lower by 3.3%, 2.3% and 4.5%, respectively.
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Trade Performance : February 2021 and January - February 2021
Trade Performance : February 2021 and January - February 2021 (Infographic)
