Perbadanan Pembangunan Perdagangan Luar Malaysia

Trade Surplus in June Widened with Double-Digit Expansion

Malaysia’s trade surplus in June 2023 registered a double-digit growth of 11.3% year-on-year (y-o-y) to RM25.81 billion. This was the 38th consecutive month of trade surplus since May 2020 and the highest monthly value ever recorded for the month of June.

In tandem with slower global demand and lower commodity prices, total trade contracted by 16.3% to RM222.14 billion. Exports slipped by 14.1% to RM123.98 billion and imports decreased by 18.9% to RM98.16 billion. The performance was similar to other regional markets notably China, Singapore, Indonesia, Taiwan and the Republic of Korea (ROK) which recorded negative trade growth for June 2023.

Despite the decline, strong exports was posted primarily for electrical and electronic (E&E) products, iron and steel products, metalliferous ores and metal scrap, transport equipment as well as processed food.

Compared to May 2023, exports and trade surplus expanded by 3.7% and 64.4% while trade and imports were down by 0.5% and 5.4%, respectively.

Trade for the second quarter (Q2) of 2023 decreased by 11.3% to RM643.22 billion compared to Q2 2022. Exports edged down by 11.1% to RM348.68 billion, imports dropped by 11.5% to RM294.54 billion and trade surplus declined by 8.8% to RM54.14 billion, respectively.

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Trade Performance : June 2023 and January - June 2023

Trade Performance : June 2023 and January - June 2023 (Infographic)

Bahasa Melayu

Prestasi Perdagangan : Jun 2023 dan Januari - Jun 2023

Prestasi Perdagangan : Jun 2023 dan Januari - Jun 2023 (Infografik)

36^th Consecutive Month of Trade Surplus

Malaysia registered the 36^th consecutive month of trade surplus since May 2020, with a value of RM12.85 billion in April 2023. In tandem with softer global demand, total trade for the month contracted by 14.5% to RM198 billion. The performance was similar to other regional countries which recorded negative trade growth for April 2023. Exports totalled RM105.42 billion, declined by 17.4% and imports decreased by 11.1% to RM92.58 billion.

Compared to March 2023, trade, exports, imports and trade surplus were lower by 14.9%, 18.7%, 10.1% and 51.9%, respectively.

For the period of January to April 2023, trade decreased marginally by 1.6% to RM842.8 billion compared to the same period of 2022. Exports was down by 2.6% to RM460.02 billion and imports declined by 0.3% to RM382.78 billion. Trade surplus edged down by 12.7% to RM77.24 billion.

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Trade Performance : April 2023 and January - April 2023
Trade Performance : April 2023 and January - April 2023 (Infographic)

Bahasa Melayu
Prestasi Perdagangan : April 2023 dan Januari - April 2023
Prestasi Perdagangan : April 2023 dan Januari - April 2023 (Infografik)

37^th Consecutive Month of Trade Surplus with Double-Digit Expansion

Malaysia registered the 37^th consecutive month of trade surplus in May 2023, registering double-digit growth of 21.4% to RM15.42 billion. Total trade slipped by 2% to RM223.8 billion, in tandem with slower global demand and lower commodity prices. Exports showed signs of recovery, posting a marginal contraction of 0.7% to RM119.61 billion compared to double-digit decline recorded last month. Imports decreased by 3.3% to RM104.19 billion. The performance was similar to other regional countries namely China, Taiwan and the Republic of Korea (ROK) which recorded negative trade growth for May 2023.

Despite the decline, exports to major trading partners notably China, the United States (US) and Japan recorded expansion. Meanwhile, higher exports was seen for petroleum products, electrical and electronic (E&E) products, machinery, equipment and parts as well as processed food.

Compared to April 2023, trade, exports, imports and trade surplus recorded double-digit expansion of 13.2%, 13.7%, 12.6% and 22.1%, respectively.

In the first five months of 2023, total trade surpassed RM1 trillion to reach RM1.066 trillion, a decrease of 1.7% compared to the corresponding period of 2022. Exports was down by 2.3% to RM579.39 billion and imports declined by 1% to RM486.96 billion. Trade surplus edged down by 8.7% to RM92.43 billion.

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Trade Performance : May 2023 and January - May 2023
Trade Performance : May 2023 and January - May 2023 (Infographic)

Bahasa Melayu
Prestasi Perdagangan : Mei 2023 dan Januari - Mei 2023
Prestasi Perdagangan : Mei 2023 dan Januari - Mei 2023 (Infografik)

The Highest Trade Surplus Recorded for the Month of March

Malaysia’s trade surplus in March 2023 widened to RM26.69 billion as compared to March 2022. This was the 35^th consecutive month of trade surplus since May 2020 and the highest trade surplus ever recorded for the month of March. While trade surplus expanded, trade for the month declined by 1.6% to RM232.72 billion. Exports totalled RM129.71 billion, contracted by 1.4% and imports declined by 1.8% to RM103.01 billion.

Compared to February 2023, trade, exports, imports and trade surplus recorded double-digit growth of 13.5%, 15.5%, 11.1% and 36.4%, respectively.

Trade for the first quarter (Q1) of 2023 grew by 3.2% to RM644.87 billion compared to Q1 2022. Exports increased by 2.8% to RM354.63 billion and imports expanded by 3.7% to RM290.24 billion. Trade surplus edged down by 1% to RM64.39 billion. Trade, exports and imports registered the highest value for the period.

Compared to the fourth quarter (Q4) of 2022, trade, exports, imports and trade surplus were down by 10.2%, 9.8%, 10.7% and 5.2%, respectively.

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Trade Performance : March 2023 and January - March 2023
Trade Performance : March 2023 and January - March 2023 (Infographic)

Bahasa Melayu
Prestasi Perdagangan : Mac 2023 dan Januari - Mac 2023
Prestasi Perdagangan : Mac 2023 dan Januari - Mac 2023 (Infografik)