Trade Performance 2022
Trade Performance : December 2022 and January - December 2022
In 2022, Malaysia’s trade continued to demonstrate a remarkable performance and registered another record-breaking achievement with trade, exports, imports and trade surplus soaring to a new high. This is a positive reflection that the nation’s trade performance is on an upward trajectory, boosted by higher external demand and strong commodity prices.
Trade surpassed RM2 trillion for the second consecutive year and registered the fastest growth since 1994. Exports reached RM1.552 trillion, exceeding the Twelfth Malaysia Plan projection for 2025 by 24%, three years ahead of the target. Meanwhile, imports posted another milestone by surpassing RM1 trillion mark for the first time. Trade surplus was posted for 25th consecutive year since 1998.
In terms of markets, exports to major trading partners notably ASEAN, China, the United States (US), the European Union (EU) and Japan registered a new record high. Significant export growth was also recorded to emerging markets notably Egypt, Sri Lanka, Mozambique, Papua New Guinea, Togo, Djibouti and Afghanistan. Similarly, exports to Free Trade Agreement (FTA) partners registered the highest value thus far. Meanwhile, exports to markets under the Regional Comprehensive Economic Partnership (RCEP) agreement, which came into force last year, posted double-digit expansion.
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Trade Performance : December 2022 and January - December 2022
Trade Performance : December 2022 and January - December 2022 (Infographic)
Bahasa Melayu
Prestasi Perdagangan : Disember 2022 dan Januari - Disember 2022
Prestasi Perdagangan : Disember 2022 dan Januari - Disember 2022 (Infografik)
Trade Performance : November 2022 and January - November 2022
Highest Trade, Exports, Imports and Trade Surplus for November
Malaysia’s trade continued its stellar performance and maintained an upward trajectory in November 2022 with trade, exports, imports and trade surplus registering the highest monthly value for the month of November. Trade expanded by 15.6% to RM238.17 billion compared to November 2021, the 22nd consecutive month of year-on-year (y-o-y) double-digit expansion. Exports rose by 15.6% to RM130.24 billion, the 16th successive month of double-digit growth. Imports was higher by 15.6% to RM107.93 billion and trade surplus increased by 15.6% to RM22.3 billion.
The export expansion was underpinned by strong exports of electrical and electronic (E&E) products, liquefied natural gas (LNG), petroleum products as well as crude petroleum. Meanwhile, exports to major trading partners notably ASEAN, the United States (US), the European Union (EU) and Japan recorded double-digit growth.
Compared to October 2022, trade surplus rose by 23.5% while trade, exports and imports contracted by 2.8%, 1% and 4.9%, respectively.
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Trade Performance : November 2022 and January - November 2022
Trade Performance : November 2022 and January - November 2022 (Infographic)
Bahasa Melayu
Prestasi Perdagangan : November 2022 dan Januari - November 2022
Prestasi Perdagangan : November 2022 dan Januari - November 2022 (Infografik)
Trade Performance : October 2022 and January - October 2022
Trade, Exports and Imports Surpassed 2021 Overall Value in Ten Months
Malaysia’s trade performance maintained its growth momentum in October 2022 with trade, exports and imports registering the highest monthly value for the month of October. Trade expanded by 21.1% to RM245.18 billion compared to October 2021 and was the 21st consecutive month of double-digit growth. Exports rose by 15% to RM131.63 billion, the 15th consecutive month of year-on-year (y-o-y) expansion. Imports was higher by 29.2% to RM113.54 billion while trade surplus decreased by 32% to RM18.09 billion.
The export growth was boosted mainly by higher shipments of petroleum products, electrical and electronic (E&E) products, liquefied natural gas (LNG) as well as crude petroleum. Exports of LNG registered the highest monthly value thus far. Meanwhile, exports to major trading partners notably ASEAN, China, the United States (US), the European Union (EU) and Japan recorded growth.
On a month-on-month (m-o-m) basis, imports grew by 1% while trade, exports and trade surplus contracted by 4.5%, 8.7% and 43.2%, respectively.
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Trade Performance : October 2022 and January - October 2022
Trade Performance : October 2022 and January - October 2022 (Infographic)
Bahasa Melayu
Prestasi Perdagangan : Oktober 2022 dan Januari - Oktober 2022
Prestasi Perdagangan : Oktober 2022 dan Januari - Oktober 2022 (Infografik)
Trade Performance : September 2022 and January - September 2022
Highest Trade, Exports, Imports and Trade Surplus for September
Malaysia’s trade continued its upward trajectory in September 2022, registering double-digit growth for trade, exports, imports and trade surplus. This was the highest monthly value for the month of September. Trade rose by 31.4% to RM256.91 billion compared to September 2021, the 20th consecutive month of double-digit growth. Exports increased by 30.1% to RM144.31 billion, the 14th successive month of double-digit growth. Imports expanded by 33.0% to RM112.60 billion. Trade surplus achieved a new record high, expanding by 20.9% to RM31.71 billion.
The export growth was contributed mainly by robust external demand for electrical and electronic (E&E) products, petroleum products, liquefied natural gas (LNG), crude petroleum, optical and scientific equipment as well as machinery, equipment and parts. Exports of E&E products, optical and scientific equipment as well as LNG registered the highest monthly value thus far. Meanwhile, exports to major trading partners notably ASEAN, the United States (US), the European Union (EU) and Japan recorded double-digit growth. Exports to Japan registered the highest monthly value ever.
On a month-on-month (m-o-m) basis, exports and trade surplus rose by 2.2% and 86.1% while trade and imports contracted by 3.2% and 9.4%, respectively.
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Trade Performance : September 2022 and January - September 2022
Trade Performance : September 2022 and January - September 2022 (Infographic)
Bahasa Melayu
Prestasi Perdagangan : September 2022 dan Januari - September 2022
Prestasi Perdagangan : September 2022 dan Januari - September 2022 (Infografik)
Trade Performance : August 2022 and January - August 2022
Exports Breached RM1 Trillion Mark in Eight Months
Malaysia’s trade remained sturdy in August 2022 with double-digit growth recorded for trade, exports and imports. This was the highest monthly value for the month of August. Trade surged by 56.7% to RM265.74 billion compared to August 2021, the 19th consecutive month of double-digit growth. Exports increased by 48.2% to RM141.33 billion, the 13th successive month of double-digit growth. Imports leaped by 67.6% to RM124.41 billion and trade surplus contracted by 19.9% to RM16.92 billion.
The export expansion was attributed to higher shipments of electrical and electronic (E&E) products, petroleum products, palm oil and palm oil-based agriculture products, liquefied natural gas (LNG) as well as optical and scientific equipment. Exports of petroleum products, LNG as well as optical and scientific equipment registered the highest monthly value. Meanwhile, exports to major trading partners notably ASEAN, China, the United States (US), the European Union (EU) and Japan recorded double-digit growth. Highest monthly export value was registered to Japan.
On a month-on-month (m-o-m) basis, trade, exports, imports and trade surplus grew by 5.2%, 5.4%, 5.0% and 8.6%, respectively.
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Trade Performance : August 2022 and January - August 2022
Trade Performance : August 2022 and January - August 2022 (Infographic)
Bahasa Melayu
Prestasi Perdagangan : Ogos 2022 dan Januari - Ogos 2022
Prestasi Perdagangan : Ogos 2022 dan Januari - Ogos 2022 (Infografik)
Trade Performance : July 2022 and January - July 2022
Highest Trade, Exports and Imports for July
Malaysia’s trade continued its upward trajectory in July 2022, chalking up double-digit growth for trade, exports and imports. This was the highest monthly value for the month of July. Trade rose by 39.8% to RM252.65 billion compared to July 2021, the 18th consecutive month of double-digit growth. Exports increased by 38.0% to RM134.07 billion, the 12th successive month of double-digit growth. Imports expanded by 41.9% to RM118.58 billion and trade surplus grew by 14.3% to RM15.49 billion.
The export growth was driven by higher demand for electrical and electronic (E&E) products, petroleum products as well as liquefied natural gas (LNG). Exports to major trading partners notably ASEAN, the United States (US), the European Union (EU) and Japan recorded double-digit growth. Highest monthly export value was registered to ASEAN.
On a month-on-month (m-o-m) basis, trade, exports, imports and trade surplus slipped by 6.5%, 8.2%, 4.5% and 29.1%, respectively.
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Trade Performance : July 2022 and January - July 2022
Trade Performance : July 2022 and January - July 2022 (Infographic)
Bahasa Melayu
Prestasi Perdagangan : Julai 2022 dan Januari - Julai 2022
Prestasi Perdagangan : Julai 2022 dan Januari - Julai 2022 (Infografik)
Trade Performance : June 2022 and January - June 2022
New Record High for Trade, Exports and Imports
Malaysia’s trade performance in June 2022 continued its stellar performance, registering an all-time record high for trade, exports and imports. Trade increased by 43.4% to RM270.39 billion compared to June 2021, the 17th consecutive month of double-digit growth. Exports recorded the 11th consecutive month of double-digit expansion, registering a strong growth of 38.8% to RM146.16 billion. Imports rose by 49.3% to RM124.23 billion while trade surplus declined marginally by 0.8% to RM21.93 billion.
The export growth was contributed by strong demand for electrical and electronic (E&E) products, petroleum products, liquefied natural gas (LNG) as well as palm oil and palm oil-based agriculture products. Exports to most major trading partners notably ASEAN, the United States (US), the European Union (EU) and Japan recorded double-digit growth. Highest monthly export value was registered to ASEAN, the US and the EU.
On a month-on-month (m-o-m) basis, trade, exports, imports and trade surplus expanded by 18.4%, 21.3%, 15.2% and 72.7%, respectively.
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Trade Performance : June 2022 and January - June 2022
Trade Performance : June 2022 and January - June 2022 (Infographic)
Bahasa Melayu
Prestasi Perdagangan : Jun 2022 dan Januari - Jun 2022
Prestasi Perdagangan : Jun 2022 dan Januari - Jun 2022 (Infografik)
Trade Performance : May 2022 and January - May 2022
Trade Breached RM1 Trillion Mark in Five Months
Malaysia’s trade performance in May 2022 remained resilient, recording the fastest growth since November 2021. Trade rose by 33.6% to RM228.37 billion compared to May 2021, the 16th straight month of double-digit growth. Exports increased by 30.5% to RM120.49 billion, the 10th consecutive month of double-digit expansion. Imports grew by 37.3% to RM107.88 billion while trade surplus contracted by 8.3% to RM12.62 billion. Trade, exports and imports registered the highest monthly value for May.
The export growth was driven by higher demand for electrical and electronic (E&E) products, petroleum products as well as palm oil and palm oil-based agriculture products. Exports of petroleum products registered an all-time high monthly value. Exports to major markets notably ASEAN, China, the United States (US), the European Union (EU) and Japan recorded double-digit growth.
On a month-on-month (m-o-m) basis, imports grew by 3.6%. Meanwhile, trade, exports and trade surplus slipped by 1.4%, 5.6% and 46.3%, respectively.
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Trade Performance : May 2022 and January - May 2022
Trade Performance : May 2022 and January - May 2022 (Infographic)
Bahasa Melayu
Prestasi Perdagangan : Mei 2022 dan Januari - Mei 2022
Prestasi Perdagangan : Mei 2022 dan Januari - Mei 2022 (Infografik)
Trade Performance : January 2022
Highest Value for January - Trade, Exports, Imports and Trade Surplus
Malaysia’s trade in January 2022 continued to be resilient with trade, exports, imports and trade surplus registered highest monthly value for January. Trade expanded by 24.8% to RM203.05 billion compared to January 2021. Exports rose by 23.5% to RM110.73 billion, the 6th successive month of double-digit expansion since August 2021. Imports increased by 26.4% to RM92.32 billion and trade surplus grew by 10.9% to RM18.4 billion.
Export expansion was underpinned by higher global demand primarily for exports of electrical and electronic (E&E) products as well as palm oil and palm oil-based agriculture products. Meanwhile, exports to major trading partners notably ASEAN, China, the United States (US), the European Union (EU) and Japan recorded double-digit growth.
Compared to December 2021, trade, exports, imports and trade surplus declined by 6.3%, 10.6%, 0.6% and 40.6%, due to high base effect and seasonal factors following new year holidays.
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Trade Performance : January 2022
Trade Performance : January 2022 (Infographic)
Trade Performance : February 2022 and January - February 2022
Highest Trade, Exports, Imports and Trade Surplus for February
Malaysia’s trade continued its upward trajectory in February 2022, chalking up double-digit growth for trade, exports, imports and trade surplus. This was the highest monthly value for the month of February. Trade rose by 17.5% to RM184.75 billion compared to February 2021, the 13 consecutive month of double-digit growth. Exports surpassed RM100 billion mark for the first time for the month of February, increased by 16.8% to RM102.27 billion. This was also the seventh consecutive month of double-digit growth. Imports expanded by 18.4% to RM82.48 billion and trade surplus grew by 10.7% to RM19.79 billion.
The export growth was boosted by higher shipments of electrical and electronic (E&E) products driven by global digitalisation trends as well as palm oil and palm oil-based agriculture products which was supported by higher prices of crude palm oil. Exports to major markets notably ASEAN, China, the European Union (EU) and Japan recorded double-digit growth.
On a month-on-month (m-o-m) basis, trade, exports and imports slipped by 9.2%, 7.9% and 10.8%, respectively due to shorter working days and festive season. Meanwhile, trade surplus increased by 6.6%.
For the first two months of 2022, trade, exports and imports registered the fastest growth since 2010 and the highest value for the period. Trade leaped by 21.4% to RM388.33 billion from the same period last year. Exports grew by 20.4% to RM213.34 billion and imports climbed by 22.6% to RM174.99 billion. Trade surplus increased by 11.2% to RM38.35 billion.
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Trade Performance : February 2022 and January - February 2022
Trade Performance : February 2022 and January - February 2022 (Infographic)
Trade Performance : March 2022 and January - March 2022
Trade, Exports and Imports Reached Highest Monthly Value
Malaysia’s trade continued its stellar performance in March 2022, registering an all-time record high for trade, exports and imports. Trade expanded by 27.3% to RM236.57 billion compared to March 2021, the 14th consecutive month of double-digit growth. Exports grew by 25.4% to RM131.64 billion, the eighth successive month of double-digit year-on-year (y-o-y) expansion. Imports increased by 29.9% to RM104.93 billion and trade surplus rose by 10.3% to RM26.70 billion.
The export growth was contributed mainly by robust external demand for electrical and electronic (E&E) products and commodity-based products, namely palm oil and palm oil-based products, petroleum products, liquefied natural gas (LNG) as well as crude petroleum. E&E products soared to a record high in March 2022 due to stronger exports of electronic integrated circuits underpinned by growing digitalisation trends.
Exports to major markets notably ASEAN, China, the United States (US), the European Union (EU) and Japan recorded double-digit growth. Highest export monthly value was registered to ASEAN, EU and Japan.
On a month-on-month (m-o-m) basis, trade, exports, imports and trade surplus recorded double-digit growth of 28.1%, 28.7%, 27.3% and 34.8%, respectively.
Trade for the first quarter (Q1) of 2022 grew by 23.6% to RM624.86 billion, compared to Q1 2021. Exports increased by 22.2% to RM344.97 billion and imports expanded by 25.2% to RM279.89 billion. Trade surplus rose by 10.9% to RM65.08 billion. Trade, exports, imports and trade surplus registered the highest value for the period.
Compared to the fourth quarter (Q4) of 2021, trade and imports were up by 0.02% and 2.1% while exports and trade surplus declined by 1.6% and 14.6%, respectively.
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Trade Performance : March 2022 and January - March 2022
Trade Performance : March 2022 and January - March 2022 (Infographic)
Trade Performance : April 2022 and January - April 2022
Highest Trade, Exports, Imports and Trade Surplus for the Month of April
Malaysia’s trade performance maintained its upward momentum in April 2022 with trade, exports, imports and trade surplus registered the highest monthly value for the month of April. Trade rose by 21.3% to RM231.44 billion compared to April 2021, the 15th consecutive month of double-digit growth. Exports increased by 20.7% to RM127.49 billion, the ninth successive month of double-digit year-on-year (y-o-y) expansion. Imports grew by 22% to RM103.95 billion and trade surplus expanded by 15.7% to RM23.55 billion.
The export growth was boosted by higher shipments of electrical and electronic (E&E) products mainly semiconductors driven by global digitalisation trends. Exports to major markets notably ASEAN, China, the United States (US), the European Union (EU) and Japan recorded double-digit growth. Meanwhile, exports to the US recorded the highest monthly value ever.
On a month-on-month (m-o-m) basis, trade, exports, imports and trade surplus declined by 2.1%, 3.1%, 0.9% and 11.6%, respectively.
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Trade Performance : April 2022 and January - April 2022
Trade Performance : April 2022 and January - April 2022 (Infographic)
