Malaysia's trade performance was stronger in February 2023, recording a double-digit growth with
total trade of RM205.0 billion, grew by 11.0 per cent or RM20.3 billion, year-on-year (y-o-y). Exports
increased 9.8 per cent to RM112.3 billion and imports was valued at RM92.7 billion, increased
12.4 per cent compared to the same month in 2022. However, trade surplus decreased
1.3 per cent to RM19.6 billion, the 34th consecutive month of trade surplus since May 2020.
Compared to January 2023, total trade, exports and imports decreased by 1.1 per cent, 0.3 per cent and 1.9 per cent, respectively. Trade surplus grew by 7.9 per cent or RM1.4 billion.
For the period of January to February 2023, the performance of total trade, exports and imports maintained a positive growth. Total trade increased by 6.1 per cent supported by increased exports and imports of 5.4 per cent and 7.0 per cent, respectively, while trade surplus decreased by 1.8 per cent.
Performance of Exports
Malaysia's exports recorded RM112.3 billion, an increase of 9.8 per cent as compared to
February 2022, driven by both domestic exports and re-exports. Domestic exports amounted
to RM87.5 billion and contributed 77.9 per cent to total exports, up 3.8 per cent. In addition,
re-exports with a value of RM24.8 billion, increased 37.6 per cent, y-o-y. Meanwhile, on a monthly
basis, exports declined by 0.3 per cent or RM378.6 million. Analysis of the seasonally adjusted
terms month-on-month (m-o-m), exports expanded 13.1 per cent or RM14.9 billion to
RM128.7 billion.
Actual Export Value and Seasonally Adjusted Export Value, RM billion
Performance of Imports
Malaysia's imports in February 2023 continued to grew by 12.4 per cent or RM10.3 billion. On a
m-o-m basis, imports decreased by 1.9 per cent or RM1.8 billion. Analysis of seasonal adjustment
terms, m-o-m, imports increased 11.4 per cent to RM104.9 billion.
On a y-o-y basis, imports by End Use registered a positive growth with the increases in the
intermediate goods (+3.3%) and consumption goods (+1.2%). However, imports of capital goods
noted a decrease of 0.3 per cent.
Imports, Value (RM billion) and Annual Change (%)
Actual Import Value and Seasonally Adjusted Imports Value, RM billion
Released by:
DEPARTMENT OF STATISTICS MALAYSIA
20 March 2023
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