KEY FACTS :
- On a year-on-year (y-o-y) basis, exports continued its strong uptrend growth momentum to register an increase of RM12.6 billion (+20.6%) to RM74.0 billion. Re-exports in April 2017 was valued at RM10.9 billion and accounted for 14.8% of total exports, while domestic exports growth by RM11.0 billion (+21.0%) to RM63.0 billion.
- On a y-o-y basis, imports was also in a similar trend increasing by RM12.9 billion (+24.7%) to RM65.2 billion.
- On a month-on-month (m-o-m) basis, exports however decreased RM8.7 billion (-10.5%) from RM82.6 billion. In seasonally adjusted terms, exports declined 3.9%.
- On a m-o-m basis, imports also declined RM12.0 billion (-15.6%) from RM77.2 billion. In seasonally adjusted terms, imports decreased 12.5%.
- On a y-o-y basis, exports increased due to the higher exports to China (+RM3.4 billion), Japan (+RM2.0 billion), European Union (+RM1.6 billion), Singapore (+RM1.4 billion) and the United States (+RM730.5 million).
- On a y-o-y basis, higher imports were mainly from India (+RM1.7 billion), China (+RM1.7 billion), Singapore (+RM1.2 billion), Taiwan (+RM1.2 billion) and United Arab Emirates (+RM981.4 million).
Total trade in April 2017 was valued at RM139.2 billion, an expansion of RM25.5 billion or 22.5% from a year ago. However, it posted a decrease of RM20.7 billion or 12.9% when compared to the previous month. A trade surplus of RM8.8 billion was recorded in April 2017, decreased RM302.8 million (-3.3%) from the RM9.1 billion registered a year ago. When compared to the previous month, it grew RM3.4 billion or 62.1%.
On a y-o-y basis, exports expanded 20.6% from RM61.3 billion. The main products which contributed to the increase were:
- Electrical and electronic (E&E) products (35.5% of total exports), increased RM4.8 billion (+22.2%) to RM26.2 billion;
- Palm oil and palm oil-based products (8.2% of total exports), recorded an increase of RM1.2 billion (+24.1%) to RM6.1 billion. Exports of palm oil, the major commodity in this group of products rose RM766.5 million or 26.1% due to the increase in both average unit value (+18.9%) and export volume (+6.1%);
- Liquefied natural gas (LNG) (4.4% of total exports), increased RM1.1 billion or 50.2% to RM3.3 billion due to the increase in both average unit value (+43.0%) and export volume (+5.0%);
- Crude petroleum, which contributed 3.2% to total exports, increased RM935.5 million or 65.7% to RM2.4 billion due to the increase in both average unit value (+49.0%) and export volume (+11.2%);
- Natural rubber, which contributed 0.7% to total exports, increased RM265.3 million or 93.0% to RM550.5 million due to the increase in both average unit value (+83.6%) and export volume(+5.1%); and
- Timber and timber-based products, which accounted for 2.4% of total exports, increased RM18.4 million or 1.0% to RM1.8 billion.
However, decrease was recorded for the following product:
- Refined petroleum products, which accounted for 5.1% of total exports, shrank RM702.8 million or 15.8% to RM3.8 billion due to the decrease in export volume (-24.8%) as average unit value increased 12.0%.
On a m-o-m basis, exports decreased RM8.7 billion (-10.5%) from RM82.6 billion. All the main products recorded decreases as follows:
- E&E products decreased RM3.0 billion or 10.4% from RM29.3 billion;
- Refined petroleum products fell RM933.4 million or 19.9% from RM4.7 billion due to the decrease in both export volume (-15.3%) and average unit value (-5.5%);
- Crude petroleum shrank RM694.8 million or 22.8% from RM3.1 billion due to the decrease in both export volume (-19.7%) and average unit value (-3.8%);
- Timber and timber-based products dropped RM423.9 million or 19.0% from RM2.2 billion;
- Palm oil and palm oil-based products decreased RM412.5 million or 6.4% from RM6.4 billion mainly due to the RM289.5 million (-15.9%) decreased in palm oil-based oleochemical of RM289.5 million (-15.9%);
- LNG declined RM164.3 million or 4.8% from RM3.4 billion due to the decrease in export volume (-16.0%) although average unit value increased 13.4%; and
- Natural rubber decreased RM10.5 million or 1.9% from RM560.9 million due to the decline in both average unit value (-1.1%) and export volume (-0.7%).
Seasonally Adjusted Figure
On a m-o-m basis seasonally adjusted terms, exports decreased RM3.1 billion (-3.9%) to RM75.9 billion.
On a y-o-y basis, imports grew 24.7% from RM52.3 billion. This expansion was attributed to higher imports of intermediate goods, capital goods and consumption goods.
These goods which constituted 58.9% of total imports increased RM8.7 billion (+29.2%) to RM38.4 billion. The growth was mainly attributed to parts & accessories of capital goods (except transport equipment) (+RM3.9 billion, +33.0%), fuel & lubricants, primary (+RM2.0 billion, +228.1%), and industrial supplies, processed (+RM1.9 billion, +16.0%),
Imports of these goods which represented 12.3% of total imports grew RM1.0 billion or 14.8% to RM8.0 billion due to the increase in capital goods (except transport equipment) (+RM1.4 billion, +22.6%).
Imports of consumption goods which accounted for 8.7% of total imports recorded an increase of RM58.5 million (+1.0%) to RM5.7 billion. The increase was mainly attributed to food & beverages, processed, mainly for household consumption (+RM56.1 million, +4.0%), food & beverages, primary, mainly for household consumption (+RM54.6 million, +6.9%) and durables (+RM42.8 million, +6.4%). However, non-durables decreased RM79.3 million or 5.7%.
On a m-o-m basis, imports shrank RM12.0 billion or 15.6% from RM77.2 billion. The decline in imports was attributed to capital goods, intermediate goods and consumption goods.
Imports of capital goods decreased RM5.5 billion or 40.9% from RM13.5 billion due to the decline in capital goods (except transport equipment) (-RM3.8 billion, -33.6%) and transport equipment, industrial (-RM1.7 billion, -80.0%).
These goods dropped RM4.7 billion (-10.9%) from RM43.1 billion. The main components which registered significant decreases were industrial supplies, processed (-RM2.3 billion, -14.6%), fuel & lubricants, processed, others (-RM1.5 billion, -58.8%) and parts & accessories of transport equipment (-RM878.2 million, -28.9%).
Imports of consumption goods fell RM432.1 million (-7.1%) from RM6.1 billion. The decreases was attributed to non-durables (-RM156.2 million, -10.6%), durables (-RM134.8 million, -15.9%) and food & beverages, processed, mainly for household consumptions (-RM86.8 million, -5.6%).
Seasonally Adjusted Figure
On a m-o-m basis seasonally adjusted terms, imports decreased RM9.5 billion (-12.5%) to RM66.6 billion.
The following charts show Malaysia's major trading partners for January- April 2017
Total Trade by Major Countries, Jan- Apr 2017, percentage share
Exports and Imports by Major Countries, Jan- Apr 2017, percentage share
The following charts show Malaysia’s trade with ASEAN countries for January-April 2017
Exports, Jan- Apr 2017, percentage share
Imports, Jan- Apr 2017, percentage share
# The April 2017 data is provisional and subject to revision in later issues.
THE OFFICE OF CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
05 JUNE 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