KEY FACTS :
Total trade in July 2017 which was valued at RM149.2 billion increased RM31.2 billion or 26.4% from a year ago. It also posted an increase of RM12.9 billion or 9.5% on a m-o-m basis. A trade surplus of RM8.0 billion was recorded, an increase of RM5.9 billion or 282.4% when compared to the previous year. However, when compared to previous month, it recorded a decrease of RM1.9 billion or 18.8%.
On a y-o-y basis, exports expanded 30.9% (+RM18.6 billion) from RM60.1 billion. The main products which contributed to the increase were:
However, a decline was recorded for the following product:
On a m-o-m basis, exports increased RM5.5 billion (+7.6%) from RM73.1 billion. The main products which contributed to the increase were:
However, the following products registered a decline:
Seasonally Adjusted Figure
On a m-o-m basis seasonally adjusted terms, exports increased RM6.5 billion (+8.7%) to RM81.6 billion.
These goods which constituted 56.5% of total imports increased RM7.8 billion (+24.2%) to RM39.9 billion. The growth was mainly attributed to industrial supplies, processed (+RM3.7 billion, +29.9%) and parts & accessories of capital goods (except transport equipment) (+RM3.6 billion, +28.3%).
Imports of consumption goods which accounted for 8.5% of total imports rose RM1.1 billion (+21.8%) to RM6.0 billion. The main components attributed to the increase were food & beverages, processed, mainly for household consumption (+RM409.3 million, +34.7%), non-durables (+RM252.1 million, +20.4%) and semi-durables (+RM164.2 million, +15.2%).
Imports of these goods which represented 13.0% of total imports fell RM1.8 billion or 16.5% to RM9.2 billion due to the decrease in capital goods (except transport equipment) (-RM2.1 billion, -20.4%). However, imports of transport equipment, industrial recorded an increase of RM257.2 million or 31.4%.
Intermediate goods registered a growth of RM1.7 billion (+4.4%) from RM38.2 billion. The main components which contributed to the increases were industrial supplies, processed (+RM1.6 billion, +11.0%) and parts & accessories of capital goods (except transport equipment) (+RM879.7 million, +5.7%). However, imports of fuel & lubricants, processed, others decreased RM832.7 million or 56.1%.
Imports of capital goods grew RM906.2 million or 11.0% from RM8.3 billion due to the increase in capital goods (except transport equipment) (+RM736.8 million, +10.0%) and transport equipment, industrial (+RM169.4 million, +18.7%).
Imports of consumption goods increased RM367.4 million (+6.5%) from RM5.6 billion. The rose was attributed to food & beverages, processed, mainly for household consumption (+RM181.6 million, +12.9%), food & beverages, primary, mainly for household consumption (+RM73.3 million, +9.7%) and non-durables (+RM71.6 million, +5.1%).
Seasonally Adjusted Figure
On a m-o-m basis seasonally adjusted terms, imports grew RM4.8 billion (+7.7%) to RM67.8 billion.
The following charts show Malaysia's major trading partners for January-July 2017
Total Trade by Major Countries, Jan- Jul 2017, percentage share
Exports and Imports by Major Countries, Jan- Jul 2017, percentage share
The following charts show Malaysia’s trade with ASEAN countries for January- July 2017
Exports, Jan- Jul 2017, percentage share
Imports, Jan- Jul 2017, percentage share
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# The July 2017 data is provisional and subject to revision in later issues.
THE OFFICE OF CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
06 SEPTEMBER 2017
Ho Mei Kei
Public Relation Officer
Corporate and User Services Division
Department of Statistics, Malaysia
Tel : +603-8885 7942
Fax : +603-8888 9248
Email : mkho[at]stats.gov.my