Malaysia External Trade Development Corporation

Highest Trade, Exports and Imports for the Month of June

Malaysia’s trade performance continued the growth momentum in June 2021 with trade increasing by 29.3% to RM188.7 billion compared to June 2020. Exports recorded the 10th consecutive month of year-on-year (y-o-y) expansion since September 2020, registering a strong growth of 27.2% to RM105.47 billion. This was the third time exports exceeded RM100 billion. Imports increased by 32.1% to RM83.23 billion and trade surplus expanded by 11.7% to RM22.24 billion. Trade, exports and imports recorded the second highest monthly value thus far after April 2021. This was also the highest monthly value for the month of June and double-digit growth for five successive months.

The export growth was contributed by strong demand for petroleum products, electrical and electronic (E&E) products mainly electronic integrated circuits used in the production of smartphones, cars, computers and home appliances as well as rubber products. Exports to all major markets namely ASEAN, China, the United States (US), the European Union (EU) and Japan recorded double-digit expansion.

On a month-on-month (m-o-m) basis, trade, exports, imports and trade surplus increased by 10.4%, 14.3%, 5.9% and 61.7%, respectively.

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Trade Performance : June 2021 and January - June 2021

Trade Performance : June 2021 and January - June 2021 (Infographic)

Trade, Exports and Imports Continued to Mark a New High

Malaysia’s trade performance maintained its strong growth momentum in April 2021, outperformed March with another record of new high for trade, exports and imports monthly value. Trade grew by 43.2% to RM190.76 billion compared to April 2020. Exports maintained above RM100 billion for two consecutive months, reaching RM105.62 billion and surged by 63%. This was the fastest growth since February 1998 and the eighth consecutive month of year-on-year (y-o-y) expansion since September 2020. Imports increased by 24.4% to RM85.14 billion and trade surplus surged by 663.5% to RM20.48 billion. Trade, exports and imports recorded double-digit growth for three consecutive months.

The expansion in exports was sustained by higher global demand primarily for electrical and electronic (E&E) products mainly semiconductors in tandem with increasing digitalisation and 5G technology development, rubber products as well as petroleum products. Exports to all major markets namely ASEAN, China, the United States (US), the European Union (EU) and Japan registered positive growth.

On a month-on-month (m-o-m) basis, trade, exports and imports grew by 2.7%, 0.6% and 5.4%, respectively. Trade surplus decreased by 15.4%.

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Trade Performance : April 2021 and January - April 2021

Trade Performance : April 2021 and January - April 2021 (Infographic)

The Highest Trade, Exports and Imports Recorded for the Month of May

Malaysia’s trade performance maintained its upward trend in May 2021 with trade expanding by 48.7% to RM170.88 billion compared to May 2020. Exports surged by 47.3% to RM92.31 billion, the ninth consecutive month of year-on-year (y-o-y) expansion since September 2020. Imports rose by 50.3% to RM78.57 billion and trade surplus expanded by 32.3% to RM13.74 billion. Trade, exports and imports recorded the highest monthly value for the month of May and registered double-digit growth for four consecutive months.

The export growth was contributed mainly by robust demand for electrical and electronic (E&E) products mainly semiconductors due to the increasing orders for work-from-home equipment and digitalisation of businesses, rubber products as well as petroleum products. All major markets namely ASEAN, China, the United States (US), the European Union (EU) and Japan registered positive export growth.

On a month-on-month (m-o-m) basis, trade, exports, imports and trade surplus contracted by 10.4%, 12.6%, 7.8% and 32.5%, respectively.

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Trade Performance : May 2021 and January - May 2021

Trade Performance : May 2021 and January - May 2021 (Infographic)

MEDIA STATEMENT

MALAYSIA EXTERNAL TRADE STATISTICS

TRADE PERFORMANCE FOR MARCH 2021 AND THE PERIOD OF JANUARY- MARCH 2021

Trade, Exports and Imports Hit New Record High

Malaysia’s trade performance continued its upward trajectory in March 2021, registering the highest monthly value for trade, exports and imports. Total trade expanded by 25.6% to RM185.74 billion compared to March 2020. Exports accelerated by 31%, surpassing RM100 billion mark to reach RM104.95 billion. Imports increased by 19.2% to RM80.79 billion and trade surplus surged by 96.1% to RM24.15 billion. Trade, exports, imports and trade surplus recorded double-digit growth for two consecutive months.

Exports was boosted by higher global demand notably for electrical and electronic (E&E) products mainly semiconductors used in 5G technology and high performance computing as well as rubber products. Exports to major markets namely ASEAN, China, the United States (US) and the European Union (EU) registered a new all-time high.

Compared to February 2021, total trade, exports, imports and trade surplus grew by 18.1%, 19.8%, 15.9% and 35.1%, respectively.

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Trade Performance : March 2021 and January - March 2021

Trade Performance : March 2021 and January - March 2021 (Infographic)