Overview

TOTAL TRADE OF SEVEN STATES IN MALAYSIA EXPANDED TO RM153.8 BILLION IN OCTOBER 2024

• Malaysia’s total trade for October 2024 amounted to RM244.3 billion with exports and imports recorded RM128.1 billion and RM116.1 billion, respectively.
• Exports was valued at RM128.1 billion in October 2024, increased RM2.0 billion (+1.6%) as compared to the same month of the previous year. The increase in exports was attributed to the higher exports in most states such as Pulau Pinang (+RM5.3 billion), Selangor (+RM1.6 billion), Perak (+RM476.5 million), Sabah (+RM430.5 million) and W.P. Kuala Lumpur (+RM212.1 million). However, exports decreased in Johor by RM2.2 billion, W.P. Labuan (-RM1.5 billion), Kedah (-RM874.4 million), Sarawak (-RM595.4 million), Pahang (-RM408.1 million), Negeri Sembilan (-RM305.8 million), Terengganu (-RM189.6 million), Melaka (-RM130.9 million), Kelantan (-RM98.3 million) and Perlis (-RM3.3 million).
• Pulau Pinang remained as the top exporter with 34.6 per cent share, followed by Selangor (19.2%), Johor (18.9%), Sarawak (7.3%) and W.P. Kuala Lumpur (4.4%).
• At the same time, imports in October 2024 increased RM3.0 billion (+2.6%) as compared to the same month in 2023. The increase in imports was attributed by the higher imports in most states such as Pulau Pinang (+RM4.2 billion), Kedah (+RM3.0 billion), Melaka (+RM659.7 million), Selangor (+RM55.3 million), Kelantan (+RM37.1 million) and Perlis (+RM29.2 million). However, imports decreased in Johor by RM1.9 billion, Negeri Sembilan (-RM1.1 billion), Pahang (-RM875.3 million), Sarawak (-RM378.4 million), W.P. Labuan (-RM269.8 million), W.P. Kuala Lumpur (-RM259.0 million), Sabah (-RM234.1 million), Perak (-RM167.3 million) and Terengganu (-RM47.3 million).
• Selangor dominates Malaysia’s imports with a share of 25.3 per cent, followed by Pulau Pinang (22.4%), Johor (22.0%), Kedah (7.9%) and W.P. Kuala Lumpur (7.8%).

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