Exports

The export unit value index decreased by 2.8 per cent in December 2022 as compared with the previous month, attributed from the declines in the index of mineral fuels (-8.6%), machinery & transport equipment (-1.3%) and miscellaneous manufactured articles (-1.1%). Besides that, export volume index rose by 4.6 per cent in the same month, in line with the increases in the index of animal & vegetable oils & fats (+33.5%), manufactured goods (+6.5%) and machinery & transport equipment (+2.3%). The seasonally adjusted export volume index droped 2.9 per cent from 166.1 points to 161.3 points.

On annual comparison, export unit value indices expanded 10.5 per cent while volume index contracted 4.0 per cent.

Imports

Import unit value index also decreased 2.8 per cent in December 2022, supported by the declines in the index of animal & vegetable oils & fats (-10.0%), mineral fuels (-6.9%) and machinery & transport equipment (-2.9%). The import volume index also decreased 0.7 per cent in December 2022 as compared to the previous month, attributed from the declines in the index of inedible crude materials (-15.2%), machinery & transport equipment (-4.6%) and foods (-2.6%). The seasonally adjusted import volume index decreased by 1.9 per cent from 179.7 points to 176.2 points.

On a year-on-year basis, both the import unit value and volume indices expanded 6.0 per cent and 5.8 per cent, respectively.

Terms of trade

Malaysia’s terms of trade showed an increase of 0.02 per cent month-on-month to 111.6 points in December 2022, as accordance to the increases in the index of animal & vegetable oils & fats (+9.0%), machinery & transport equipment (+1.6%) and inedible crude materials (+0.6%). Malaysia’s terms of trade maintained a positive growth of 4.2 per cent year-on-year from 107.1 points in December of previous year.

The full publication of the External Trade Indices, December 2022 can be downloaded through eStatistik Portal.

For more details, please refer to the Department’s portal: www.dosm.gov.my

*Notes:

The December 2022 data is provisional and subject to revision in later issues.

Released by:

DEPARTMENT OF STATISTICS MALAYSIA
27 January 2023

Contact person:

Baharudin Mohamad 
Public Relation Officer
Strategic Communication and International Division
Department of Statistics, Malaysia
Tel : +603-8885 7942
Fax : +603-8888 9248
Email: baharudin[at]dosm.gov.my