The export unit value index rose 1.3 per cent in July 2021 as compared with the previous month, contributed by the increases in the index of mineral fuels (+6.7%), machinery & transport equipment (+1.1%) and manufactured goods (+0.5%). On the other hand, the export volume index recorded a decline of 9.0 per cent in the same month, reflected by the decreases in the index of miscellaneous manufactured articles (-22.9%), manufactured goods (-12.0%) and machinery & transport equipment (-7.7%). The seasonally adjusted export volume index posted a decrease of 20.7 per cent from 172.8 points to 137.0 points.
When compared to the previous year, the export unit value index grew 14.3 per cent, while the export volume index declined 8.2 per cent.
The import unit value index grew 1.3 per cent in July 2021 as compared with the previous month. The increment was driven by the growths in the index of mineral fuels (+8.1%), machinery & transport equipment (+0.7%) and manufactured goods (+0.4%). In contrast, the import volume index declined 0.8 per cent in the same month as compared to the preceding month, attributed to the decreases in the index of animal & vegetable oils & fats (-19.1%), manufactured goods (-13.6%) and chemicals (-9.8%). The seasonally adjusted import volume index in July 2021 posted a decrease of 9.5 per cent from 170.6 points to 154.3 points.
On a year-on-year basis, both the import unit value and volume indices expanded 5.6 per cent and 17.5 per cent, respectively.
Terms of trade
Malaysia’s terms of trade increased marginally by 0.05 per cent m-o-m to 105.0 points in July 2021. On a year-on-year basis, Malaysia’s terms of trade performance remained positive at 8.4 per cent from 96.9 points in July of previous year.
The full publication of the External Trade Indices, July 2021 can be downloaded through eStatistik Portal.
For more details, please refer to the Department’s portal: www.dosm.gov.my
The July 2021 data is provisional and subject to revision in later issues.
DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
3 SEPTEMBER 2021
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