KEY FACTS :
Total trade in January 2017 was valued at RM135.8 billion, an expansion of RM17.5 billion or 14.8% from a year ago. However it posted a decline of RM6.6 billion or 4.6% when compared to the previous month. A lower trade surplus of RM4.7 billion was recorded when compared to the previous year (-12.6%) as well as the previous month (-46.0%).
On a y-o-y basis, the RM8.4 billion or 13.6% increase in exports was mainly due to the rise of the following products:
However, the following product declined in export value:
On a m-o-m basis, exports declined RM5.3 billion (-7.0%) from RM75.6 billion. The main products which contributed to the decline were:
However, the following product recorded an increase:
Seasonally Adjusted Figure
On a m-o-m basis seasonally adjusted terms, exports decreased RM30.6 million (-0.04%) to RM71.2 billion.
These goods which constituted 58.5% of total imports increased RM3.6 billion (+10.4%) to RM38.4 billion. The growth was mainly attributed to parts & accessories of capital goods (except transport equipment) (+RM1.3 billion, +9.6%), fuel & lubricants, primary (+RM1.2 billion, +98.4%) and industrial supplies, processed (+RM787.6 million, +5.9%).
Imports of these goods which represented 14.7% of total imports grew RM2.5 billion or 35.2% to RM9.6 billion due to the increase in capital goods (except transport equipment) (+RM1.7 billion, +24.7%) and transport equipment, industrial (+RM831.3 million, +236.3%).
Imports of consumption goods which accounted for 8.8% of total imports recorded a small decline of RM95.9 million (-1.6%) to RM5.7 billion. The decrease was mainly attributed to semi-durables (-RM70.8 million, -5.2%) and food & beverages, processed, mainly for household consumption (-RM41.4 million, -2.8%).
Imports of consumption goods fell RM642.2 million (-10.1%) from RM6.4 billion. The decrease was attributed to food & beverages, processed, mainly for household consumption (-RM201.2 million, -12.2%), durables (-RM157.9 million, -18.2%), semi-durables (-RM149.2 million, -10.3%) and non-durables (-RM141.4 million, -10.1%).
These goods decreased RM151.7 million (-0.4%) from RM38.5 billion. The main components which decreased were industrial supplies, processed (-RM1.2 billion, -7.6%) and industrial supplies, primary (-RM434.4 million, -21.7%). However, increases were recorded for fuel & lubricants, primary (+RM620.6 million, +34.4%), fuel & lubricants, processed, other (+RM408.7 million, +41.9%) and parts & accessories of capital goods (except transport equipment) (+RM383.6 million, +2.7%).
Imports of capital goods rose RM586.3 million or 6.5% from RM9.0 billion due to the increase in transport equipment, industrial (+RM630.7 million, +114.2%). However, imports of capital goods (except transport equipment) decreased RM44.4 million or 0.5% from RM8.5 billion.
Seasonally Adjusted Figure
On a m-o-m basis seasonally adjusted terms, imports increased RM1.8 billion (+2.8%) to RM65.8 billion.
The following charts show Malaysia's major trading partners for January 2017.
Total Trade by Major Countries, Jan 2017, percentage share
Exports and Imports by Major Countries, Jan 2017, percentage share
The following charts show Malaysia’s trade with ASEAN countries for January 2017.
Exports, Jan 2017, percentage share
Imports, Jan 2017, percentage share
# The January 2017 data is provisional and subject to revision in later issues.
THE OFFICE OF CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
03 MARCH 2017
Ho Mei Kei
Public Relation Officer
Corporate and User Services Division
Department of Statistics, Malaysia
Tel : +603-8885 7942
Fax : +603-8888 9248
Email : mkho[at]stats.gov.my