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Monday, 24 February 2020|
2013 Financial assets position reached RM1,354.0 billion
Exports 2015: Palm Oil and PO-based Products, RM63.2billion
Machinery & Transport Equipment was 41.8% of 2015 Exports

External Sector

Quarterly Balance of Payments, Fourth Quarter 2019*New

Malaysia’s current account balance recorded a surplus of RM7.6 billion as against RM11.5 billion in the previous quarter. Meanwhile, financial account posted a net outflow of RM0.6 billion (Q3 2019: net outflow RM1.3 bilion). The international reserves of Bank Negara Malaysia stood at RM424.1 billion.

Release Date : Wednesday 12, February 2020 1200

Malaysia External Trade December Statistics 2019*New

KEY FACTS

YEARLY

  • In 2019, Malaysia’s exports amounted to RM986.4 billion with a decline of 1.7% as compared to last year, while imports worth RM849.0 billion (-3.5%) resulting in a total trade of RM1.8 trillion (-2.5%).
  • The decrease in exports were attributed to lower exports to Hong Kong (-RM8.3 billion), Japan (-RM5.1 billion), Australia (-5.1 billion), Singapore   (-RM3.4 billion) and the European Union (-RM2.9 billion).
  • mports were down mainly from Singapore (-RM13.5 billion), Taiwan (-RM6.5 billion), the European Union (-RM5.9 billion), Thailand (-RM4.5 billion) and Switzerland (-RM4.1billion).

QUARTERLY

  • In 4th quarter 2019, exports recorded a decrease of 3.3% y-o-y to RM257.9 billion. Re-exports was valued at RM45.9 billion decreasing 10.0% and accounted for 17.8% of total exports. Domestic exports fell 1.8% to RM212.0  billion compared to the previous year.
  • Imports also registered a decrease of 4.0% y-o-y to RM221.4 billion.
  • On a quarter-on-quarter (q-o-q) basis, exports rose 4.4% from  RM247.0  billion.
  • On a q-o-q basis, imports was also increased 3.7% from RM213.5 billion.
  • On a y-o-y basis, the decrease in exports was attributed to lower exports to Japan (-RM3.2 billion), Australia (-RM2.6 billion),  Hong Kong (-RM2.4 billion), Thailand (-RM2.1 billion) and Singapore (-RM1.3 billion).
  • On a y-o-y basis, lower imports were mainly from Taiwan (-RM2.6 billion), Singapore (-RM2.3 billion), the European Union (-RM2.3 billion), Saudi Arabia (-RM2.0 billion) and Thailand (-RM1.5 billion).

MONTHLY

  • Exports in December 2019, increased 2.7% to RM86.4 billion y-o-y. Re-exports was valued at RM14.3 billion registering  a decline of 0.3% y-o-y and accounted for 16.6% of total exports. Meanwhile domestic exports recorded an  increase of 3.3% or RM2.3 billion to RM72.1 billion.
  • Imports marginally increased 0.9% y-o-y to RM73.8 billion.
  • On a month-on-month (m-o-m) basis, exports grew 6.8% from RM84.1 billion. In seasonally adjusted terms, exports also increased 8.5%.
  • On a m-o-m basis, imports decreased  0.6% or RM439.3 million from RM74.3 billion. In seasonally adjusted terms, imports decreased 1.6%.
  • On a y-o-y basis, exports grew due to the increase in exports to China (+RM2.1 billion), the United States (+RM1.2 billion), Indonesia (+RM979.4 million), Taiwan (+RM721.6 million) and  Viet Nam (+RM353.3 million). However, exports decreased to Hong Kong (-RM1.2 billion) and Japan (-RM855.5 million).
  • On a y-o-y basis, higher imports were mainly from United Arab Emirates (+RM1.9 billion), Japan (+RM857.0 million) and China (+RM473.7 million). Meanwhile, lower imports were from Thailand (-RM719.0 million),Singapore (-RM392.7 million) and Taiwan (-RM392.1 million).
Release Date : Tuesday 04, February 2020 1300