FIVE STATES REGISTERED A CONTRIBUTION OF 81.9 PER CENT OF TOTAL TRADE IN AUGUST 2024

• Malaysia’s total trade for August 2024 amounted to RM252.7 billion with exports and imports recorded RM129.2 billion and RM123.5 billion, respectively.
• Exports was valued at RM129.2 billion in August 2024, increased RM14.0 billion (+12.1%) as compared to the same month of the previous year. The increase in exports was attributed to the higher exports in most states such as Pulau Pinang (+RM9.4 billion), Selangor (+RM1.9 billion), W.P. Kuala Lumpur  (+RM1.4 billion), Johor (+RM937.0 million), Terengganu (+RM810.5 million), Perak (+RM685.3 million), Kedah (+RM576.7 million), Sarawak (+RM143.3 million) and Kelantan (+RM78.8 million). However, exports decreased in W.P. Labuan by RM880.1 million, Sabah (-RM557.6 million), Pahang (-RM343.9 million), Negeri Sembilan (-RM120.4 million), Melaka (-RM30.7 million) and Perlis (-RM8.5 million).
• Pulau Pinang remained as the top exporter with 32.9 per cent share, followed by Johor (20.4%), Selangor (17.9%), Sarawak (7.2%) and W.P. Kuala Lumpur (4.6%).
• At the same time, imports in August 2024 increased RM25.6 billion (+26.2%) as compared to the same month in 2023. The increase in imports was attributed by the higher imports in most states such as Johor (+RM5.8 billion), Pulau Pinang (+RM5.1 billion), Kedah (+RM4.6 billion), Selangor (+RM4.3 billion), W.P. Kuala Lumpur (+RM2.7 billion), Melaka (+RM1.1 billion), Sabah (+RM908.6 million), Pahang (+RM564.7 million), Perak (+RM325.4 million), W.P. Labuan (+RM129.7 million), Perlis (+RM74.6 million), Sarawak (+RM71.1 million), Terengganu (+RM71.0 million) and Kelantan (+RM28.7 million). However, imports decreased in Negeri Sembilan by RM211.3 million.
• Selangor dominates Malaysia’s imports with a share of 25.4 per cent, followed by Johor (21.4%), Pulau Pinang (20.8%), Kedah (8.4%) and W.P. Kuala Lumpur (7.8%).