KEY FACTS
TRADE
Total trade stood at RM163.9 billion, declining 7.6% or RM13.5 billion compared to October 2018. However, it rose 11.4% or RM16.8 billion when compared to the previous month. The trade surplus was valued at RM17.3 billion and recorded an increase of RM474.3 million (+2.8%) from a year ago. It also posted an increase of RM9.0 billion or 107.4% as compared to the previous month.
On a y-o-y basis, exports decreased 6.7% from RM97.1 billion. All main products were attributed to the decline.
On a m-o-m basis, exports grew RM12.9 billion (+16.6%) from RM77.7 billion. All main products were contributed to the expansion.
Exports to Country of Destination
The two major destinations for Malaysia’s exports in October 2019 were Singapore (15.4% of total exports) and China (15.0% of total exports).
Exports to Singapore amounted to RM13.9 billion recording an increase of RM550.0 million (+4.1%) as compared to the previous year. The main products which attributed to the rise were:
Exports to China which were valued at RM13.6 billion declined RM1.7 billion (-11.0%) as compared to October 2018. The main products which attributed to the decrease were:
Seasonally Adjusted Figure
On a m-o-m basis seasonally adjusted terms, exports increased RM10.2 billion (+13.2%) to RM87.0 billion.
Exports, 2015-2019
On a y-o-y basis, imports decreased RM7.0 billion or 8.7% from RM80.3 billion. All main categories of imports by end use recorded decreases.
These goods which constituted 51.2% of total imports decreased RM2.0 billion (-5.1%) to RM37.5 billion. The decrease was mainly attributed to parts & accessories of capital goods (except transport equipment) (-RM1.7 billion, -16.8%) and fuel & lubricants, primary (-RM1.6 billion, -40.5%).
However, imports of industries supplies, processed and industries supplies, primary increased RM936.0 million (+5.8%) and RM932.9 million (+46.6%) respectively.
Imports of capital goods, which accounted for 11.6% of total imports, declined RM1.1 billion (-11.5%) to RM8.5 billion due to the decrease in both capital goods (except transport equipment) (-RM702.5 million, -8.1%) and transport equipment industrial (-RM400.4 million, -42.5%).
On a m-o-m basis, imports increased RM3.9 billion or 5.6% from RM69.4 billion. The growth in imports was mainly attributed to capital goods and consumption goods.
Imports of capital goods increased RM645.3 million (+8.2%) from RM7.8 billion due to the increase in both capital goods (except transport equipment (+RM417.7 million, +5.6%) and transport equipment, industrial (+RM227.6 million, +72.6%).
Imports of consumption goods registered an increase of RM198.4 million (+3.3%) from RM5.9 billion. The increase was due to food & beverages, processed, mainly for household consumption (+RM149.8 million, +9.5%).
These goods declined RM2.4 billion (-6.1%) from RM39.9 billion. The main components attributed to the decline were parts & accessories of capital goods (except transport equipment) (-RM4.1 billion, -32.1%). However, industrial supplies, processed and food & beverages, processed, mainly for industries rose RM1.6 billion or 10.3% and RM521.5 million or 78.8% respectively.
Imports by Country of Origin
The two main sources of Malaysia’s import in October 2019 were China (18.9% of total imports) and Singapore (12.4% of total imports). Imports from China which registered RM13.9 billion shrank RM910.0 million (-6.2%) as compared to October 2018. The main product which attributed to the decrease was E&E products, which contributed 39.5% of total imports, declined RM563.0 million or 9.3% to RM5.5 billion.
Imports from Singapore declined RM1.1 billion (-10.9%) to RM9.1 billion from a year ago. The main product which attributed to the decrease was refined petroleum products (33.3% of total imports), decreased RM1.2 billion or 29.0% to RM3.0 billion. However, the imports of E&E products (35.7% of total imports), increased RM360.2 million or 12.5% to RM3.2 billion.
Seasonally Adjusted Figure
On a m-o-m basis seasonally adjusted terms, imports increased RM1.1 billion (+1.5%) to RM70.0 billion.
Imports, 2015-2019
MARKET SHARE
The following charts show Malaysia's major trading partners for January–October 2019.
Total Trade by Major Countries, Jan – Oct 2019, percentage share
Exports and Imports by Major Countries, Jan – Oct 2019, percentage share
The following charts show Malaysia’s trade with ASEAN countries for the period January - October 2019.
Exports, Jan – Oct 2019, percentage share
Imports, Jan – Oct 2019, percentage share
#Notes:
1. The October 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.
Released By:
DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
DrUzir_Mahidin
Dr_Uzir
4 DECEMBER 2019
Contact person:
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