Perbadanan Pembangunan Perdagangan Luar Malaysia

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)

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 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 16^th straight month of double-digit growth. Exports increased by 30.5% to RM120.49 billion, the 10^th 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)

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)