Trade Performance 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 22^nd consecutive month of year-on-year (y-o-y) double-digit expansion. Exports rose by 15.6% to RM130.24 billion, the 16^th 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)

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 20^th consecutive month of double-digit growth. Exports increased by 30.1% to RM144.31 billion, the 14^th 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, 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)

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)