- In September 2018, exports expanded 6.7% to RM83.0 billion year-on-year (y-o-y). Re-exports was valued at RM16.5 billion registering an increase of 26.2% y-o-y and accounted for 19.9% of total exports. Domestic exports also recorded an increase of 2.7% or RM1.8 billion to RM66.5 billion.
- Imports registered a decrease of 2.7% y-o-y to RM67.8billion. This was the second lowest of import value in 2018.
- On a month-on-month (m-o-m) basis, exports increased 1.5% or RM1.2 billion from RM81.8 billion. In seasonally adjusted terms, exports also rose1.1%.
- On a m-o-m basis, imports decreased 15.5% or RM12.4 billion from RM80.2 billion. In seasonally adjusted terms, imports also declined14.7%.
- On a y-o-y basis, export growth was contributed by expansion in exports to Hong Kong (+RM2.2 billion), Taiwan (+RM1.0 billion), Singapore (+RM974.7 million), Australia (+RM539.5 million) and Republic of Korea (+RM454.7 million).
- On a y-o-y basis, lower imports were mainly from India (-RM725.6 million), Republic of Korea (-RM579.3 million), Viet Nam (-RM434.6 million), United Arab Emirates (-RM348.1 million) and European Union (-RM348.0 million).
- In 3rdquarter 2018, exports recorded an increase of 5.2% y-o-y to RM251.0 billion. Re-exports was valued at RM48.7 billion rising 35.4% y-o-y and accounted for 19.4% of total exports. Domestic exports marginally decreased 0.2% to RM202.3 billion compared to the previous year.
- Imports also registered an increase of 6.3% y-o-y to RM225.8 billion.
- On a quarter-on-quarter (q-o-q) basis, exports rose 2.5% from RM245.0 billion.
- On a q-o-q basis, imports was also higher by 3.7% from RM217.8 billion.
- On a y-o-y basis, export growth was contributed by expansion in exports to Hong Kong (+RM7.2 billion), China (+RM4.0 billion), Taiwan (+RM2.2 billion), Republic of Korea (+RM1.6 billion) and Thailand (+RM1.2 billion).
- On a y-o-y basis, higher imports were mainly from China (+RM3.8 billion), Saudi Arabia (+RM3.1 billion), Taiwan (+RM2.6 billion), Indonesia (+RM1.7 billion) and the United States of America (+RM1.6 billion).
Total trade which was valued at RM150.8 billion increased RM3.3 billion or 2.3% in September 2018. However, it fell RM11.2 billion or 6.9% when compared to August 2018. The trade surplus recorded the highest value since October 2008 at RM15.3 billion, increased of RM7.1 billion (+85.9%) from a year ago. It was also higher by RM13.7 billion (+846.3%) when compared to the previous month.
On a y-o-y basis, exports increased 6.7% to RM83.0 billion. The main products which contributed to the increase were:
- Electrical and electronic (E&E) products (39.6% of total exports), increased RM2.0 billion (+6.5%) to RM32.9 billion;
- Refined petroleum products, which accounted for 6.8% of total exports, rose RM961.9 million or 20.5% to RM5.7 billion due to the increase in both average unit value (+12.2%) and export volume (+7.4%);
- Crude petroleum, which contributed 3.2% to total exports increased RM950.5 million or 54.5% to RM2.7billion due to the increase in both average unit value (+38.1%) and export volume (+11.9%); and
- Liquefied natural gas (LNG), which accounted for 3.8% of total exports grew RM54.8 million or 1.8% to RM3.1 billion due to the increase in average unit (+20.7%) as export volume decreased 15.6%.
However, declines were recorded for the following products:
- Palm oil and palm oil-based products (6.7% of total exports), shrank RM720.4 million (-11.5%) to RM5.6 billion. Exports of palm oil, the major commodity in this group of products declined RM563.1 million or 14.3% due to the decrease in average unit value (-15.5%) as export volume increased 1.4%;
- Timber and timber-based products, which contributed 2.1% to total exports, recorded a marginal decrease of RM6.7 million or 0.4% to RM1.8 billion; and
- Natural rubber (0.4% of total exports) decreased RM6.1 million or 1.9% to RM306.5 million due to the 15.5% decline in average unit value as export volume increased 16.0%.
On a m-o-m basis, exports rose RM1.2 billion (+1.5%) from RM81.8 billion. The main products which contributed to the growth were:
- Refined petroleum products expanded RM1.1 billion or 24.9% from RM4.5 billion due to the increase in export volume (+36.2%) as average unit value decreased 8.3%;
- E&E products increased RM838.4 million (+2.6%) from RM32.0 billion; and
- Palm oil and palm oil-based products rose RM510.1 million or 10.1% from RM5.1 billion. Exports of palm oil increased RM585.6 million or 21.1% due to the growth in export volume (+24.9%) as average unit value declined 3.0%.
However, decreases were recorded for the following products:
- Crude petroleum shrank RM598.2 million or 18.2% from RM3.3 billion due to the decrease in export volume (-19.4%) as average unit value rose1.5%;
- Timber and timber-based products declined RM222.6 million (-11.2%) from RM2.0 billion;
- Natural rubber recorded a decrease of RM30.5 million or 9.1% from RM337.0 million due to the lower export volume (-9.2%) although average unit value increased marginally 0.2%; and
- LNG decreased RM20.6 million (-0.7%) from RM3.2 billion due to the decline in export volume (-6.2%) as average unit value increased 5.9%.
Seasonally Adjusted Figure
On a m-o-m basis seasonally adjusted terms, exports increased RM847.2 million (+1.1%) to RM80.8 billion.
On a y-o-y basis, imports declined RM1.9 billion or 2.7% to RM67.8 billion. All main categories of imports by end use recorded decreases.
These goods which constituted 52.8% of total imports declined RM3.7 billion (-9.3%) to RM35.8 billion. The decrease was mainly attributed to parts & accessories of capital goods (except transport equipment)(-RM3.7 billion, -24.1%), fuel & lubricants, processed, others (-RM869.4 million, -44.8%), and fuel & lubricants, primary (-RM220.3 million, -11.5%). However, industrial supplies processed increased RM1.1 billion or 7.2%.
Imports of capital goods, which accounted for 10.7% of total imports, shrank RM2.5 billion (-25.2%) to RM7.3 billion due to the decline in both transport equipment, industrial (-RM1.3 billion, -86.0%) and capital goods (except transport equipment) (-RM1.1 billion, -13.9%).
Imports of consumption goods which constituted for 7.6% of total imports recorded a decrease of RM573.8 million (-10.0%) to RM5.2 billion. The decrease was mainly attributed to semi-durables (-RM380.2 million, -31.4%), food & beverages, processed, mainly for household consumption (-RM96.9 million, -6.2%) and durables (-RM83.4 million, -12.7%).
On a m-o-m basis, imports declined RM12.4 billion or 15.5% from RM80.2 billion. The decrease in imports by end use was attributed to intermediate goods, capital goods and consumption goods.
These goods shrank RM9.2 billion (-20.4%) from RM45.0billion. The main components attributed to the decrease were parts & accessories of capital goods (except transport equipment) (-RM3.4 billion, -22.6%), fuel & lubricants, primary (-RM2.3 billion, -57.5%),industrial supplies, processed (-RM1.8 billion, -10.1%) and part & accessories of transport equipment (-RM1.1 billion, -33.8%).
Imports of capital goods declined RM4.4 billion (-37.4%) from RM11.6 billion due to the decrease in both capital goods (except transport equipment) (-RM2.7 billion, -27.4%) and transport equipment, industrial (-RM1.7 billion, -88.7%).
Imports of these goods registered a decrease of RM2.0 billion (-27.7%) from RM7.1 billion. The decline was due to semi-durables (-RM829.9 million, -50.0%), durables (-RM660.7 million, -53.5%) and food & beverages, processed, mainly for household consumption (-RM259.1 million, -15.1%).
Seasonally Adjusted Figure
On a m-o-m basis seasonally adjusted terms, imports decreased RM11.6 billion (-14.7%) to RM67.3 billion.
The following charts show Malaysia's major trading partners for January - September 2018.
Total Trade by Major Countries, Jan - Sep 2018, percentage share
Exports and Imports by Major Countries, Jan - Sep 2018, percentage share
The following charts show Malaysia’s trade with ASEAN countries for January - September 2018.
Exports, Jan - Sep 2018, percentage share
Imports, Jan - Sep 2018, percentage share
# The September 2018 data is provisional and subject to revision in later issues.
DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
05 NOVEMBER 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]dosm.gov.my