KEY FACTS
MONTHLY
TRADE
Total trade which was valued at RM161.7 billion decreased RM3.2 billion or 1.9% as compared to July 2018. However, it increased RM19.9 billion or 14.0% when compared to June 2019. The trade surplus was RM14.3 billion, soared RM6.1 billion (+75.6 %) from a year ago. It also registered an increase of 35.8 % or RM3.8 billion as compared to the previous month.
On a y-o-y basis, exports increased 1.7% to RM88.0 billion. The main products which attributed to the increase were:
However, the following products recorded decreases:
On a m-o-m basis, exports increased RM 11.8 billion (+15.5%) from RM 76.1 billion. The main products which contributed to the increase were:
However, the following products recorded decreases:
Exports to Country of Destination
The two major destinations for Malaysia’s exports in July 2019 were China and Singapore. Exports to China amounted RM13.3 billion, increased RM488.8 million (+3.8%) as compared to the previous year.
The main products which attributed to the increase were:
Exports to Singapore which were valued at RM12.3 billion grew RM372.9 million (+3.1%). The main product which attributed to the increase was E&E products, which contributed 50.1% of total exports rose RM572.6 million (+10.2%) to RM6.2 billion.
However, the following products recorded decreases:
Seasonally Adjusted Figure
On a m-o-m basis seasonally adjusted terms, exports grew RM8.7 billion (+10.9%) to RM89.0 billion.
Exports, 2015-2019
On a y-o-y basis, imports declined RM4.7 billion or 5.9% to RM 73.7 billion. The decline in imports was mainly attributed to capital goods, intermediate goods and consumption goods.
Imports of capital goods, which accounted for 11.4% of total imports, dropped RM1.4 billion (-13.9%) to RM8.4 billion due to the decline in both transport equipment, industrial (-RM838.3 million, -58.8%) and capital goods (except transport equipment) (-RM525.5 million, -6.3%).
These goods which constituted 52.8% of total imports fell RM1.4 billion (-3.4%) to RM38.9 billion. The decrease was mainly attributed to parts & accessories of capital goods (except transport equipment) (-RM2.2 billion, -19.6%) and industrial supplies, processed (-RM1.6 billion, -8.9%). However, the increase were recorded for industrial supplies, primary (+RM937.7 million, +47.9%), fuel & lubricants, primary (+RM644.4 million, +19.0%) and fuel & lubricants, processed, others (+RM559.9 million, +35.1%).
Imports of consumption goods which constituted 8.6% of total imports recorded a decrease of RM333.7 million (-5.0%) to RM6.4 billion. The decrease was mainly attributed to semi-durables (-RM285.8 million, -18.9%) and durables (-RM176.7 million, -17.9%).
On a m-o-m basis, imports grew RM8.1 billion or 12.3% from RM65.6 billion. All main categories of imports by end use recorded increases.
Imports of capital goods increased RM1.3 billion (+18.1%) from RM7.1 billion due to the increase in capital good (except transport equipment) (+RM1.4 billion, +22.3%) as transport equipment, industrial decreased RM139.0 million or 19.2%.
Imports of these goods registered an increase of RM 779.1 million (+14.0%)from RM5.6 billion. The increase was due to food & beverages, processed, mainly for household consumption (+RM231.4 million, +15.1%), semi-durables (+RM223.1 million, +22.2%) and food & beverages, primary, mainly for household consumption (+RM131.2 million, +18.2%).
These goods rose RM698.7 million (+1.8%) from RM38.2 billion. The main components contributed to the increase were industrial supplies, processed (+RM2.1 billion, +14.5%), fuel & lubricants, primary (+RM1.2 billion, +41.8%), industrial supplies, primary (+RM 549.9 million, +23.5%), parts & accessories of transport equipment (+RM293.9 million, +11.4%) and fuel & lubricants, processed, others (+RM174.5 million, +8.8%). However, parts & accessories of capital goods (except transport equipment) dropped RM3.8 billion or 30.1%.
Imports by Country of Origin
The two main sources of Malaysia’s import in July 2019 were China and Singapore. Imports from China which registered RM15.2 billion shrank RM439.8 million (-2.8%) when compared to July 2018.
The main product which attributed to the decrease was E&E products, which contributed 35.8% of total imports, dropped RM363.5 million or 6.3% to RM5.4 billion.
Imports from Singapore decreased RM1.8 billion (-20.2%) to RM7.1 billion from a year ago. The main products which attributed to the drop were:
Seasonally Adjusted Figure
On a m-o-m basis seasonally adjusted terms, imports increased RM5.3 billion (+7.9%) to RM72.0 billion.
Imports, 2015-2019
MARKET SHARE
The following charts show Malaysia's major trading partners for January – July 2019.
Total Trade by Major Countries, Jan – July 2019, percentage share
Exports and Imports by Major Countries, Jan – July 2019, percentage share
The following charts show Malaysia’s trade with ASEAN countries for the period January - July 2019.
Exports, Jan – July 2019, percentage share
Imports, Jan – July 2019, percentage share
#Notes:
1. The July 2019 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 SEPTEMBER 2019
Contact person:
Rohaida binti Mohamad
Public Relation Officer
Strategic Communication and International Division
Department of Statistics, Malaysia
Tel : +603-8885 7942
Fax : +603-8888 9248
Email : rohaida.mohamad[at]dosm.gov.my