KEY FACTS :
Total trade which was valued at RM154.2 billion decreased RM5.6 billion or 3.5% from a year ago. However, it posted an increase of RM22.6 billion or 17.1% when compared to the previous month. The trade surplus for March 2018 was RM14.7 billion, up by RM9.3 billion (+172.0%) from a year ago. It also grew RM5.7 billion or 62.9% when compared to the previous month.
On a y-o-y basis, exports increased 2.2% from RM82.6 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 grew RM14.1 billion (+20.1%) from RM70.3 billion. The main products which contributed to the increase were:
Seasonally Adjusted Figure
On a m-o-m basis seasonally adjusted terms, exports grew RM2.7 billion (+3.5%) to RM80.1 billion.
These goods which constituted 52.8% of total imports dropped RM6.2 billion (-14.4%) to RM36.9 billion. The decrease was mainly attributed to parts and accessories of capital goods (except transport equipment) (-RM4.3 billion, -27.3%), fuel & lubricants, processed, others (-RM899.3 million, -36.4%), food & beverages, processed, mainly for industries (-RM678.5 million, -44.9%) and parts and accessories of transport equipment (-RM584.9 million, -19.3%).
Imports of capital goods, which accounted for 13.5% of total imports, decreased RM4.1 billion (-30.5%) to RM9.4 billion due to the decline in both capital goods (except transport equipment) (-RM3.8 billion, -32.9%) and transport equipment, industrial (-RM380.9 million, -18.0%).
Imports of consumption goods which accounted for 7.6% of total imports recorded a decrease of RM758.6 million (-12.4%) to RM5.3 billion. The decline was mainly attributed to semi-durables (-RM285.6 million, -24.1%), durables (-RM223.6 million, -26.4%), non-durables (-RM148.3 million, -10.1%) and food & beverages, primary, mainly for household consumption (-RM120.3 million, -13.1%).
These goods grew RM4.1 billion (+12.4%) from RM32.8 billion. The main components for the increase were industrial supplies, processed (+RM2.5 billion, +19.6%), fuel & lubricants, primary (+RM712.8 million, +39.8%) and parts and accessories of transport equipment (+RM406.0 million, +19.9%).
Imports of capital goods surged RM1.6 billion or 21.0% from RM7.8 billion due to the increase in both capital goods (except transport equipment) (+RM1.6 billion, +26.1%) and transport equipment, industrial(+RM46.9 million, +2.8%).
Imports of consumption goods increased RM183.9 million (+3.6%) from RM5.2 billion. The increase was due to food & beverages, processed, mainly for household consumptions (+RM271.6 million, +19.9%), food & beverages, primary, mainly for household consumptions (+RM105.2 million, +15.2%) and non-durables (+RM22.7 million, +1.7%).
Seasonally Adjusted Figure
On a m-o-m basis seasonally adjusted terms, imports decreased RM1.5 billion (-2.1%) to RM68.1 billion.
The following charts show Malaysia's major trading partners for January - March 2018
Total Trade by Major Countries, Jan - Mar 2018, percentage share
Exports and Imports by Major Countries, Jan - Mar 2018, percentage share
The following charts show Malaysia’s trade with ASEAN countries for January - March 2018
Exports, Jan - Mar 2018, percentage share
Imports, Jan - Mar 2018, percentage share
# The March 2018 data is provisional and subject to revision in later issues.
THE OFFICE OF CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
04 MAY 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