KEY FACTS :
Total trade in March 2017 was valued at RM159.9 billion, an expansion of RM37.9 billion or 31.1% from a year ago. It also posted an increase of RM25.0 billion or 18.5% when compared to the previous month. A trade surplus of RM5.4 billion was recorded in March 2017, decreased RM5.8 billion (-51.7%) from the RM11.2 billion registered a year ago. It also dropped RM3.3 billion or 38.1% on a m-o-m basis.
On a y-o-y basis, exports increased 24.1% to RM82.6 billion. The main products which contributed to the increase were:
On a m-o-m basis, exports grew RM10.8 billion (+15.1%) from RM71.8 billion due to the rise of these products:
However, decrease were recorded for the following product:
Seasonally Adjusted Figure
On a m-o-m basis seasonally adjusted terms, exports decreased RM778.2 million (-1.0%) to RM79.0 billion.
These goods which constituted 55.8% of total imports increased RM11.5 billion (+36.3%) to RM43.1 billion. The growth was mainly attributed to industrial supplies, processed (+RM4.1 billion, +34.8%), parts & accessories of capital goods (except transport equipment) (+RM3.5 billion, +28.5%), fuel & lubricants, processed, others (+RM1.7 billion, +223.2%) and parts & accessories of transport equipment (+RM720.0 million, +31.1%).
Imports of these goods which represented 17.5% of total imports grew RM6.1 billion or 82.4% to RM13.5 billion due to the increase in capital goods (except transport equipment) (+RM4.5 billion, +64.3%) and transport equipment, industrial (+RM1.6 billion, +348.8%).
Imports of consumption goods which accounted for 7.9% of total imports recorded an increase of RM750.2 million (+14.0%) to RM6.1 billion. The increase was mainly attributed to semi-durables (+RM242.0 million, +25.7%), durables (+RM189.6 million, +28.9%) and non-durables (+RM165.9 million, +12.7%).
Imports of capital goods rose RM6.2 billion or 85.5% from RM7.3 billion due to the increase in capital goods (except transport equipment) (+RM4.6 billion, +66.5%) and transport equipment, industrial (+RM1.7 billion, +381.4%).
These goods grew RM4.6 billion (+12.0%) from RM38.5 billion. The main components which registered significant increases were parts & accessories of capital goods (except transport equipment) (+RM2.7 billion, +21.1%), industrial supplies, processed (+RM2.7 billion, +20.4%) and parts and accessories of transport equipment (+RM888.4 million, +41.4%). However, a decline was recorded in fuel & lubricants, primary (-RM2.5 billion, -56.9%).
Imports of consumption goods rose RM1.5 billion (+33.2%) from RM4.6 billion. The increase was attributed to semi-durables (+RM388.6 million, +48.8%), non-durables (+RM353.5 million, +31.6%) and durables (+RM271.5 million, +47.2%).
Seasonally Adjusted Figure
On a m-o-m basis seasonally adjusted terms, imports increased RM5.0 billion (+6.8%) to RM78.3 billion.
The following charts show Malaysia's major trading partners for January- March 2017
Total Trade by Major Countries, Jan- Mar 2017, percentage share
Exports and Imports by Major Countries, Jan- Mar 2017, percentage share
The following charts show Malaysia’s trade with ASEAN countries for January- March 2017
Exports, Jan- Mar 2017, percentage share
Imports, Jan- Mar 2017, percentage share
# The March 2017 data is provisional and subject to revision in later issues.
THE OFFICE OF CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
05 MAY 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