On a y-o-y basis, higher imports were mainly from European Union (+RM773.3 million), Saudi Arabia (+RM581.8 million), Republic of Korea (+RM456.8 million), Russian Federation (+RM411.4 million) and Taiwan (+RM409.4 million).
Total trade which was valued at RM162.0 billion increased RM5.0 billion or 3.2% from a year ago. However, it fell RM14.4 billion or 8.2% when compared to October 2018. The trade surplus was RM7.6 billion, a decline of RM2.4 billion (-24.0%) from November 2017. It was also lower by RM8.8 billion (-53.7%) when compared to the previous month.
On a y-o-y basis, exports increased 1.6% from RM83.5 billion. The main products which contributed to the increase were:
However, the following products recorded a decrease:
On a m-o-m basis, exports decreased RM11.6 billion (-12.0%) from RM96.4 billion. The main products which contributed to the decline were:
Seasonally Adjusted Figure
On a m-o-m basis seasonally adjusted terms, exports dropped RM11.9 billion (-12.9%) to RM80.9 billion.
Imports of consumption goods which constituted for 8.6% of total imports recorded an increase of RM59.0 million (+0.9%) to RM6.6 billion. The increase was mainly attributed to durables (+RM163.1 million, +19.5%), non-durables (+RM122.7 million, +8.2%) and food & beverages, processed, mainly for household consumption (+RM52.2 million, +2.9%). However, semi-durables recorded a decrease of RM201.4 million (-13.7%).
Imports of capital goods, which accounted for 13.6% of total imports, rose RM39.6 million (+0.4%) to RM10.5 billion due to the growth in transport equipment, industrial (+RM1.0 billion, +168.2%). However, capital goods (except transport equipment) recorded a decline of RM996.1 million (-10.1%).
These goods which constituted 52.1% of total imports decreased RM137.5 million (-0.3%) to RM40.2 billion. The decline was attributed to parts & accessories of capital goods (except transport equipment) (-RM2.5 billion, -17.2%). However, increases were recorded in fuel & lubricants, processed, others (+RM1.1 billion, +71.2%) and industrial supplies, processed (+RM906.5 million, +5.7%).
On a m-o-m basis, imports declined RM2.8 billion or 3.5% from RM80.1 billion.
Imports of capital goods expanded RM1.1 billion (+11.3%) from RM9.4 billion due to the increase in both transport equipment, industrial (+RM710.0 million, +75.4%) and capital goods (except transport equipment) (+RM351.7 million, +4.1%).
These goods grew RM921.3 million (+2.3%) from RM39.3 billion. The main components attributed to the increase were parts & accessories of capital goods (except transport equipment) (+RM1.9 billion, +18.0%) and industrial supplies, processed (+RM901.0 million, +5.7%). However, fuel & lubricants, primary shrank RM1.6 billion or 40.4%.
Imports of these goods registered an increase of RM207.0 million (+3.2%) from RM6.4 billion. The increase was due to durables (+RM139.1 million, +16.2%), semi-durables (+RM107.7 million, +9.2%) and food & beverages, processed, mainly for household consumption (+RM94.3 million, +5.3%). However, non-durables declined RM138.2 million or 7.8%.
Seasonally Adjusted Figure
On a m-o-m basis seasonally adjusted terms, imports increased RM916.8 million (+1.2%) to RM77.4 billion.
The following charts show Malaysia's major trading partners for January – November 2018.
Total Trade by Major Countries, Jan – Nov 2018, percentage share
Exports and Imports by Major Countries, Jan – Nov 2018, percentage share
The following charts show Malaysia’s trade with ASEAN countries for January - November 2018.
Exports, Jan - Nov 2018, percentage share
Imports, Jan – Nov 2018, percentage share
# The November 2018 data is provisional and subject to revision in later issues.
DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
04 JANUARY 2019
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