KEY FACTS :
Total trade in February 2018 was valued at RM131.7 billion, declined RM3.2 billion or 2.4% on a y-o-y basis. It shrank RM24.3 billion or 15.6% when compared to the previous month. A trade surplus of RM9.0 billion was recorded in February 2018, an increase of RM286.2 million (+3.3%) from RM8.7 billion registered a year ago. When compared to the previous month, it fell RM648.7 million or 6.7%.
On a y-o-y basis, exports decreased 2.0% from RM71.8 billion. The main products which contributed to the decrease were:
However, the following products recorded increases:
On a m-o-m basis, exports dropped RM12.5 billion (-15.1%) from RM82.8 billion. The main products which contributed to the decrease were:
However, natural rubber grew RM11.6 million or 4.0% from RM291.4 million due to higher increase in export volume (+5.8%) as average unit value fell 1.7%.
Seasonally Adjusted Figure
On a m-o-m basis seasonally adjusted terms, exports dropped RM7.5 billion (-8.9%) to RM77.4 billion.
These goods which constituted 53.5% of total imports dropped RM5.7 billion (-14.7%) to RM32.8 billion. The decrease was mainly attributed to fuel & lubricants, primary (-RM2.7 billion,-59.8%), parts & accessories of capital goods (except transport equipment) (-RM1.7 billion, -13.0%), fuel & lubricants, processed, others (-RM579.6 million, -25.6%) and food & beverages, processed, mainly for industries (-RM455.8 million, -36.5%).
Imports of consumption goods which accounted for 8.4% of total imports recorded an increase of RM578.2 million (+12.6%) to RM5.2 billion. The main component contributing to the rise were semi-durables(+RM250.4 million, +31.4%), non-durables (+RM182.6 million, +16.3%) and durables (+RM106.3 million, +18.5%).
Imports of these goods which represented 12.6% of total imports grew RM440.7 million or 6.0% to RM7.7 billion due to the increase in transport equipment, industrial (+RM1.2 billion , +284.1%). However, capital goods (except transport equipment) decreased RM808.9 million or 11.8%.
These goods decreased RM4.9 billion (-13.0%) from RM37.7 billion. The main components attributed to the decline were industrial supplies, processed (-RM3.3 billion, -20.5%), fuel & lubricants, primary (-RM738.6 million, -29.2%) and parts & accessories of transport equipment (-RM472.9 million, -18.8%).
Imports of capital goods dropped RM1.6 billion or 16.7% from RM9.3 billion due to the decline in capital goods (except transport equipment) (-RM2.3 billion, -27.7%). However, transport equipment, industrial increased RM763.0 million or 82.4%.
Imports of consumption goods decreased RM1.2 billion (-18.3%) fromRM6.3 billion. The decline was attributed to semi-durables (-RM381.2 million, -26.7%), food & beverages, primary, mainly for household consumption (-RM314.4 million, -31.2%) and food & beverages, processed, mainly for household consumption (-RM284.1 million, -17.3%).
Seasonally Adjusted Figure
On a m-o-m basis seasonally adjusted terms, imports decreased RM3.9 billion (-5.3%) to RM69.5 billion.
The following charts show Malaysia's major trading partners for January - February 2018
Total Trade by Major Countries, Jan - Feb 2018, percentage share
Exports and Imports by Major Countries, Jan - Feb 2018, percentage share
The following charts show Malaysia’s trade with ASEAN countries for January - February 2018
Exports, Jan - Feb 2018, percentage share
Imports, Jan - Feb 2018, percentage share
# The February 2018 data is provisional and subject to revision in later issues.
THE OFFICE OF CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
05 APRIL 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