KEY FACTS
MONTHLY
TRADE
Total trade which was valued at RM133.3 billion decreased RM26.2 billion or 16.4% compared to April 2019. It also posted a decrease of RM14.6 billion or 9.9% when compared to March 2020. The trade deficit in April 2020 was valued at RM3.5 billion. This was the first month of trade deficit since October 1997.
On a y-o-y basis, exports decreased 23.8% to RM64.9 billion. All main products recorded decreases.
On a m-o-m basis, exports also declined RM15.2 billion (-19.0%) from RM80.1 billion. All main products recorded decreases.
Exports to Country of Destination
The two major destinations for Malaysia’s exports in April 2020 were China and Singapore.
Exports to China which was valued at RM12.1 billion increased RM488.1 million (+4.2%). The main products that attributed to the increment were:
However, exports of iron ore and concentrates declined RM334.0 million (-96.1%) to RM13.4 million. Exports of LNG also dropped RM166.1 million (-22.0%) to
RM588.5 million.
In April 2020, exports to Singapore amounted RM10.1 billion, declined RM2.0 billion or 16.3% as compared to the previous year. The main products which attributed to the decrease were:
However, exports of refined petroleum products increased RM375.1 million or 22.1% to RM2.1 billion.
Seasonally Adjusted Figure
On a m-o-m basis seasonally adjusted terms, exports fell RM11.8 billion (-15.4%) to RM64.9 billion.
Exports, 2016-2020
On a y-o-y basis, imports declined RM5.9 billion or 8.0% to RM68.4 billion. The decrease in imports by end use was contributed by intermediate goods and consumption goods.
In April 2020, total imports of intermediate goods which constituted 41.3% of total imports, declined RM12.5 billion (-30.6%) to RM28.3 billion. The decrease was mainly attributed to part & accessories of capital goods (except transport equipment) (-RM4.9 billion, -44.0%), industrial supplies, processed (-RM4.4 billion, -25.3%), fuel & lubricants, primary (-RM2.3 billion, -58.0%) and parts & accessories of transport equipment (-RM989.1 million, -37.7%).
Imports of consumption goods which constituted 8.5% of total imports, declined RM793.5 million (-12.0%) to RM5.8 billion. The decline was mainly attributed to durables (-RM581.6 million, -61.0%), non-durables (-RM162.4 million, -10.0%) and food & beverages, processed, mainly of household consumption (-RM55.6 million, -3.0%).
Imports of capital goods which accounted for 21.9% of total imports, recorded an increase of RM6.1 billion (+68.9%) to RM15.0 billion. Capital goods (except transport equipment) increased by RM7.6 billion (+93.5%) to RM15.7 billion. While retained imports of transport equipment, industrial was valued at - RM743.5 million due to re-exports of this good exceeded imports.
On a m-o-m basis, imports increased RM615.4 million or 0.9% from RM67.8 billion. The increase in imports by end use was attributed to increases in capital goods.
Imports of capital goods increased by 248.1% to RM15.0 billion compared to RM4.3 billion recorded in the previous month. Imports of capital goods (except transport equipment) increased by RM9.2 billion (+141.7%) to RM15.7 billion. While retained imports of transport equipment, industrial was valued at -RM743.5 million.
Imports of these goods declined RM10.6 billion (-27.3%) from RM38.8 billion. The main components contributed to the decline were part & accessories of capital goods (except for transport equipment) (-RM5.2 billion, -45.5%), fuel & lubricants, primary (-RM3.0 billion, -64.7%), industrial supplies, processed (-RM1.6 billion, -11.0%) and industrial supplies, primary (-RM569.0 million, -20.8%).
Imports of these goods declined RM480.0 million (-7.6%) from RM6.3 billion. The decline was due to food & beverages, processed, mainly for household consumption (-RM263.2 million, -12.9%), durables (-RM200.4 million, -35.0%) and food & beverages, primary, mainly for household consumption (-RM196.2 million, -17.9%). However, imports of semi-durables rose RM223.0 million (+21.7%).
Imports by Country of Origin
The two main sources of Malaysia’s import in April 2020 were China and Republic of Korea.
Imports from China which was valued at RM14.2 billion declined RM901.1 million (-6.0%) when compared to April 2019. The main products which contributed to the decline were:
Imports from Republic of Korea which registered RM13.0 billion recorded an increase of RM9.9 billion or 323.9% from a year ago. The increment was attributed to the import of floating structures which was valued at RM10.1 billion.
Seasonally Adjusted Figure
On a m-o-m basis seasonally adjusted terms, imports increased RM3.4 billion (+4.9%) to RM71.7 billion.
Imports, 2016-2020
MARKET SHARE
The following charts show Malaysia's major trading partners for January - April 2020.
Total Trade by Major Countries, Jan – Apr 2020, percentage share
Exports and Imports by Major Countries, Jan – Apr 2020, percentage share
The following charts show Malaysia’s trade with ASEAN countries for January - April 2020.
Exports, Jan – Apr 2020, percentage share
Imports, Jan – Apr 2020, percentage share
#Notes:
1. The April 2020 data is provisional and subject to revision in later issues.
2. This report can be accessed through the web portal of the Department of Statistics, Malaysia (https://www.dosm.gov.my) under section: Latest Release.
Released By:
DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
DrUzir_Mahidin
Dr_Uzir
4 JUNE 2020
Contact person:
Mohd Yusrizal Ab Razak
Public Relation Officer
Strategic Communication and International Division
Department of Statistics, Malaysia
Tel : +603-8885 7942
Fax : +603-8888 9248
E-mail : yusrizal.razak[at]dosm.gov.my