KEY FACTS :
Total trade was valued at RM156.0 billion, an expansion of RM20.2 billion or 14.9% from a year ago. It also posted an increase of RM4.6 billion or 3.0% when compared to the previous month. A trade surplus of RM9.7 billion was recorded in January 2018, rising RM5.0 billion (+104.8%) from RM4.7 billion registered a year ago. When compared to the previous month, it expanded RM2.5 billion or 33.9%.
On a y-o-y basis, exports expanded 17.9% from RM70.3 billion. The main products which contributed to the increase were:
However, exports of natural rubber, which contributed 0.4% to total exports, registered a decrease of RM102.3 million or 26.0% to RM291.4 million due to the decline in both average unit value (-20.5%) and export volume (-6.9%).
On a m-o-m basis, exports grew RM3.5 billion (+4.4%) from RM79.3 billion. The main products which contributed to the increase were:
However, declines were recorded for the following products:
Seasonally Adjusted Figure
On a m-o-m basis seasonally adjusted terms, exports increased RM9.4 billion (+12.5%) to RM84.9 billion.
Imports of consumption goods which accounted for 8.6% of total imports recorded an increase of RM563.1 million (+9.8%) to RM6.3 billion. The increase was mainly attributed to food & beverages, processed, mainly for household consumption (+RM192.3 million, +13.2%), non-durables (+RM145.4 million, +11.6%) and semi-durables (+RM131.7 million, +10.2%).
These goods which constituted 51.6% of total imports declined RM644.1 million (-1.7%) to RM37.7 billion. The decrease was mainly attributed to parts & accessories of capital goods (except transport equipment) (-RM3.9 billion, -26.5%). However, imports of industrial supplies, processed expanded RM2.1 billion or 14.8%.
Imports of these goods which represented 12.7% of total imports shrank RM294.9 million or 3.1% to RM9.3 billion due to the decrease in both transport equipment, industrial (-RM256.5 million , -21.7%) and capital goods (except transport equipment) (-RM38.4 million, -0.5%).
Imports of consumption goods rose RM80.8 million (+1.3%) fromRM6.2 billion. The increase was attributed to food & beverages, primary, mainly for household consumptions (+RM182.2 million, +22.0%) and semi-durables (+RM41.1 million, +3.0%). However, a decrease was recorded for durables (-RM121.5 million, -14.2%) and food & beverages, process, mainly for household consumptions (-RM58.8 million, -3.4%).
Imports of capital goods dropped RM2.8 billion or 23.0% from RM12.1 billion due to the decline in both transport equipment, industrial (-RM2.6 billion, -73.6%) and capital goods (except transport equipment) (-RM206.5 million, -2.4%).
These goods decreased RM591.2 million (-1.5%) from RM38.3 billion. The main components which registered significant decrease were parts & accessories of capital goods (except transport equipment) (-RM3.4 billion, -24.0%). However, imports of industrial supplies, processed and fuel & lubricants, processed, others increased RM1.7 billion (+11.6%) and RM476.5 million (+35.6%) respectively.
Seasonally Adjusted Figure
On a m-o-m basis seasonally adjusted terms, imports increased RM3.5 billion (+5.0%) to RM73.4 billion.
The following charts show Malaysia's major trading partners for January 2018
Total Trade by Major Countries, Jan 2018, percentage share
Exports and Imports by Major Countries, Jan 2018, percentage share
The following charts show Malaysia’s trade with ASEAN countries for January 2018
Exports, Jan 2018, percentage share
Imports, Jan 2018, percentage share
# The January 2018 data is provisional and subject to revision in later issues.
THE OFFICE OF CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
05 MARCH 2018
Ho Mei Kei
Public Relation Officer
Strategic Communication and International Division
Department of Statistics, Malaysia
Tel : +603-8885 7942
Fax : +603-8888 9248
Email : mkho[at]stats.gov.my