Total trade which was valued at RM176.4 billion increased RM22.7 billion or 14.8% from October 2017. It also posted an increase of RM25.8 billion or 17.1% when compared to September 2018. The trade surplus was RM16.3 billion, an increase of RM6.3 billion (+63.1%) from a year ago. It was also higher by RM1.1 billion (+7.2%) when compared to the previous month.
On a y-o-y basis, exports increased 17.7% to RM96.4 billion. The main products which contributed to the increase were:
However, declines were recorded for the following products:
On a m-o-m basis, exports increased RM13.4 billion (+16.2%) from RM83.0 billion. All main products recorded increases.
Seasonally Adjusted Figure
On a m-o-m basis seasonally adjusted terms, exports increased RM12.2 billion (+15.1%) to RM92.8 billion.
Imports of consumption goods which constituted for 8.0% of total imports recorded an increase of RM454.6 million (+7.6%) to RM6.4 billion. The increase was mainly attributed to non-durables (+RM333.4 million, +23.3%), durables (+RM129.6 million, +17.8%) and food & beverages, processed, mainly for household consumption (+RM120.5 million, +7.3%).
These goods which constituted 49.1% of total imports rose RM402.7 million (+1.0%) to RM39.3 billion. The increase was mainly attributed to fuel & lubricants, primary (+RM2.2 billion, +115.2%), industrial supplies, processed (+RM815.9 million, +5.4%), fuel & lubricants, processed, others (+RM689.0 million, +32.7%), parts & accessories of transport equipment (+RM313.7 million, +13.4%) and food & beverages, processed, mainly for industries (+RM299.7 million, +32.7%). However, parts & accessories of capital goods (except transport equipment) recorded a decrease of RM3.9 billion (-27.6%).
Imports of capital goods, which accounted for 11.8% of total imports, declined RM153.0 million (-1.6%) to RM9.4 billion due to the decrease in capital goods (except transport equipment) (-RM300.0 million, -3.4%). However, transport equipment, industrial recorded an increase of RM147.0 million (+18.5%).
These goods increased RM3.6 billion (+10.1%) from RM35.7 billion. The main components attributed to the increase were fuel & lubricants, primary (+RM2.3 billion, +137.9%), and fuel & lubricants, processed, others (+RM1.7 billion, +161.2%) and parts & accessories of transport equipment (+RM585.2 million, +28.3%). However, parts & accessories of capital goods (except transport equipment) decreased RM1.4 billion or 12.0%.
Imports of capital goods increased RM2.1 billion (+29.3%) from RM7.3 billion due to the increase in both capital goods (except transport equipment (+RM1.4 billion, +19.9%) and transport equipment, industrial (+RM727.1 million, +339.4%).
Imports of these goods registered an increase of RM1.3 billion (+24.3%) from RM5.2 billion. The increase was due to semi-durables (+RM334.5 million, +40.2%), non-durables (+RM327.9 million, +22.8%), food & beverages, processed, mainly for household consumption (+RM319.0 million, +21.9%) and durables (+RM282.8 million, +49.2%).
Seasonally Adjusted Figure
On a m-o-m basis seasonally adjusted terms, imports increased RM9.2 billion (+13.7%) to RM76.4 billion.
The following charts show Malaysia's major trading partners for January - October 2018.
Total Trade by Major Countries, Jan - Oct 2018, percentage share
Exports and Imports by Major Countries, Jan - Oct 2018, percentage share
The following charts show Malaysia’s trade with ASEAN countries for January - October 2018.
Exports, Jan - Oct 2018, percentage share
Imports, Jan - Oct 2018, percentage share
# The October 2018 data is provisional and subject to revision in later issues.
DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
05 DECEMBER 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