Total trade which was valued at RM151.8 billion decreased RM10.7 billion or 6.6% as compared to August 2018. It also posted a decrease of RM9.9 billion or 6.1% when compared to the previous month. The trade surplus was RM10.9 billion, soared RM9.5 billion (+655.2%) from a year ago. However, it shrank 23.5% or RM3.4 billion as compared to the previous month.
On a y-o-y basis, exports decreased 0.8% to RM81.4 billion. The main products which attributed to the decline were:
However, the following products recorded an increase:
On a m-o-m basis, exports decreased RM6.6 billion (-7.5%) from RM88.0 billion. The main products which attributed to the decline were:
Nevertheless, the following products recorded an increase:
Exports to Country of Destination
The main products which attributed to the decline were:
Exports to Singapore which were valued at RM10.9 billion declined RM844.9 million (-7.2%). The main products which attributed to the decrease were:
Seasonally Adjusted Figure
On a m-o-m basis seasonally adjusted terms, exports decreased RM9.4 billion (-10.5%) to RM79.6 billion.
These goods which constituted 55.4% of total imports fell RM6.3 billion (-13.9%) to RM39.0 billion. The decrease was mainly attributed to industrial supplies, processed (-RM1.9 billion, -10.7%), parts & accessories of capital goods (except transport equipment) (-RM1.8 billion, -12.0%), fuel & lubricants, primary (-RM1.5 billion, -38.0%) and fuel & lubricants, processed, others (-RM1.4 billion, -97.4%). However, industrial supplies, primary increased RM977.8 million or 54.2%.
Imports of capital goods, which accounted for 11.4% of total imports, dropped RM3.6 billion (-31.0%) to RM8.1 billion due to the decline in both capital goods (except transport equipment) (-RM2.3 billion, -23.3%) and transport equipment, industrial (-RM1.3 billion, -70.6%).
Imports of consumption goods which constituted 8.8% of total imports recorded a decrease of RM909.8 million (-12.8%) to RM6.2 billion. The decrease was mainly attributed to semi-durables (-RM510.5 million, -30.7%) and durables (-RM474.5 million, -38.4%).
Imports of capital goods fell RM359.0 million (-4.3%) from RM8.4 billion due to the decline in both capital good (except transport equipment)(-RM329.6 million, -4.2%) and transport equipment, industrial (-RM29.4 million, -5.0%).
Imports of these goods registered a decrease of RM 142.8 million (-2.2%) from RM6.4 billion. The drop was due to semi-durables (-RM75.3 million, -6.1%), durables (-RM50.9 million, -6.3%) and food & beverages, primary, mainly for household consumption (-RM41.1 million, -4.8%). However,
non-durables recorded an increase of RM33.7 million (+2.1%).
These goods increased RM123.3 million (+0.3%) from RM38.9 billion. The main component which contributed to the increase was parts & accessories of capital goods (except transport equipment) rose RM4.4 billion or 49.7%. However, the shrank were recorded in fuel & lubricants, processed, others
(-RM2.1 billion, -98.3%) and fuel & lubricants, primary (-RM1.6 billion, -38.9%).
Imports by Country of Origin
The two main sources of Malaysia’s import in August 2019 were China and Singapore. Imports from China which registered RM15.0 billion shrank RM1.9 billion (-11.5%) when compared to August 2018.
The main product which attributed to the decrease was E&E products, which contributed 40.4% of total imports, reduced RM478.8 million or 7.3% to
Imports from Singapore decreased RM1.6 billion (-18.1%) to RM7.2 billion from a year ago. The main products which attributed to the drop were:
Seasonally Adjusted Figure
On a m-o-m basis seasonally adjusted terms, imports shrank RM3.2 billion (-4.4%) to RM68.8 billion.
The following charts show Malaysia's major trading partners for January – August 2019.
Total Trade by Major Countries, Jan – Aug 2019, percentage share
Exports and Imports by Major Countries, Jan – Aug 2019, percentage share
The following charts show Malaysia’s trade with ASEAN countries for the period January - August 2019.
Exports, Jan – Aug 2019, percentage share
Imports, Jan – Aug 2019, percentage share
1. The August 2019 data is provisional and subject to revision in later issues.
2. This report can be accessed through the web portal of the Department of Statistics, Malaysia (https://www.dosm.gov.my) under section: Latest Release.
DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
4 OCTOBER 2019
Rohaida binti Mohamad
Public Relation Officer
Strategic Communication and International Division
Department of Statistics, Malaysia
Tel : +603-8885 7942
Fax : +603-8888 9248
Email : rohaida.mohamad[at]dosm.gov.my