Malaysia’s Septem­ber trade sur­plus falls 21.6% year on year

The Sun (Malaysia) - - MEDIA & MARKETING -

PETALING JAYA: Malaysia reg­is­tered a year-on-year de­cline of RM2.1 bil­lion or 21.6% in trade sur­plus to RM7.6 bil­lion, ac­cord­ing to the Sta­tis­tics Depart­ment.

On a month-on-month ba­sis, the trade sur­plus fell RM946.7 mil­lion, or 11.1%.

Malaysia’s ex­ports fell 3.0% year-onyear to RM68.0 bil­lion, mainly due to the drop in ex­ports of crude petroleum (-26.8%), liq­ue­fied nat­u­ral gas (-20%), tim­ber and tim­ber-based prod­ucts (-11.5%) and nat­u­ral rub­ber (-17.8%).

How­ever, growth was recorded in ex­ports of re­fined petroleum (+24.1%), palm oil and palm based-prod­ucts (+6.3%) and elec­tri­cal and elec­tron­ics prod­ucts (+0.3%).

Malaysia’s to­tal trade in Septem­ber was up by RM1.9 bil­lion or 1.5% to RM128.5 bil­lion com­pared with the pre­vi­ous month. How­ever, on a yearon-year ba­sis, it reg­is­tered a de­cline of RM2.2 bil­lion or 1.6%.

Im­ports, mean­while, fell RM31.8 mil­lion or 0.1% year on year to RM60.5 bil­lion. The re­duc­tion was at­trib­uted to cap­i­tal goods and con­sump­tion goods.

Im­ports of in­ter­me­di­ate goods, which rep­re­sented 57.6% of to­tal im­ports, ex­panded RM351.5 mil­lion or 1.0% to RM34.8 bil­lion. Im­ports of cap­i­tal goods in­creased RM307.6 mil­lion or 3.8% to RM8.4 bil­lion, thanks to the growth in trans­port equip­ment, in­dus­trial. Im­ports of con­sump­tion goods ex­panded RM126.0 mil­lion or 2.4% to RM5.4 bil­lion.

Over the first nine months of the year, China is Malaysia’s top trad­ing part­ner, ac­count­ing for 15.8% of to­tal trade, fol­lowed by Sin­ga­pore (12.7%) and the Euro­pean Union (10.1%).

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