The export unit value index in November 2020 posted a positive growth at 1.0% with 111.8 points as compared to 110.7 points of the previous month. This increase was contributed by the growth in the index of mineral fuels (+8.5%), animal & vegetable oils & fats (+1.8%) and manufactured goods (+0.5%). Nevertheless, the export volume index declined 8.2% as compared with the previous month of which from 154.6 points to 141.9 points. The decline was attributed from the weak performance of the index of animal & vegetable oils & fats (-27.8%), machinery & transport equipment (-11.2%) and inedible crude materials (-9.1%). The seasonally adjusted export volume index registered a drop of 3.5%.
The import unit value index dropped marginally by 0.1% as compared with the previous month from 112.4 points to 112.2 points in November 2020. The deterioration was attributed from the weak performance of the index of mineral fuels (-2.0%), machinery & transport equipment (-0.4%) and miscellaneous manufactured articles (-0.2%). Similarly, the import volume index also contracted by 1.8% which was attributed to the decreases in the index of mineral fuels (-18.9%), manufactured goods (-4.0%) and machinery & transport equipment (-1.6%). The seasonally adjusted import volume index in November 2020 declined 2.1% from 134.6 points to 131.8 points.
On a year-on-year basis, both the import unit value and volume indices declined 4.2% and 5.0% respectively.
Terms of trade
Malaysia’s terms of trade grew 1.1% month-on-month from 98.5 points to 99.6 points in November 2020. On a year-on-year basis, Malaysia’s terms of trade also showed a similar trend at 1.1% from 98.6 points to 99.6 points in November 2020.
The full publication of the External Trade Indices, November 2020 can be downloaded through eStatistik Portal.
For more details, please refer to the Department’s portal: www.dosm.gov.my
The November 2020 data is provisional and subject to revision in later issues.
DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
4 JANUARY 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