KEY FACTS :

• On a year-on-year (y-o-y) basis, exports decreased RM533.6 million (-0.9%) to RM59.9 billion.
• On a y-o-y basis, imports rose RM1.7 billion (+3.1%) to RM56.7 billion.
• On a month-on-month (m-o-m) basis, exports declined RM1.4 billion (-2.3%) from RM61.3 billion. In seasonally adjusted terms, exports dropped 1.6%.
• On a m-o-m basis, imports increased RM4.4 billion (+8.4%) from RM52.3 billion. In seasonally adjusted terms, imports expanded 6.7%.
• On a y-o-y basis, the lower exports were mainly to China (-RM983.3 million), Angola (-RM708.5 million), Singapore (-RM362.0 million), Japan (-RM336.3 million) and Taiwan (-RM240.9 million).                   
• On a y-o-y basis, imports increased due to the rise in imports from China (+RM1.2 billion), European Union (+RM1.1 billion), United States of America (+RM745.2 million), Taiwan (+RM509.8 million) and Japan (+RM262.1 million).

TRADE

Total trade in May 2016, which was valued at RM116.6 billion, expanded  RM1.2 billion or 1.0% from a year ago. A growth of RM2.9 billion or 2.6% was also recorded from the previous month. A trade surplus of RM3.3 billion was registered in May 2016 as compared to the RM5.5 billion in May 2015. However, compared to the previous month, it declined 64.0% (-RM5.8 billion) from RM9.1 billion.

EXPORTS

On a y-o-y basis, exports decreased 0.9% from RM60.5 billion. The main commodities which contributed to the decline were:

• Crude petroleum (2.3% of total exports), decreased RM918.2 million (-40.3%) to RM1.4 billion due to the decline in both export volume (-23.3%) and average unit value (-22.2%);
• Liquefied natural gas (LNG), which accounted of 3.1% to total exports, dropped RM774.2 million or 29.3% to RM1.9 billion due to the decline in both average unit value (-28.9%) and export volume (-0.5%); and
• Refined petroleum products, which contributed 6.2% to total exports, fell RM117.9 million or 3.1% to RM3.7 billion due to the decrease in  average unit value (-30.6%) as export volume increased 39.6%.

However, the following products increased in export value:

• Electrical and electronic (E&E) products, which contributed 36.3% to total exports, increased RM677.0 million or 3.2% to RM21.8 billion;
• Palm oil and palm-based products, which contributed 9.0% to total exports, recorded a growth of RM66.7 million (+1.3%) to RM5.4 billion. The increase was contributed by palm-based oleochemical which increased RM212.4 million (+18.3%). However, exports of palm oil, the major commodity in this group of products dropped RM122.7 million or 3.5% due to the decrease in export volume (-17.6%) as average unit value rose 17.1%;
• Natural rubber (0.5% of total exports), recorded an increase of RM61.1 million (+27.7%) to RM281.9 million due to the rise in both export volume (+26.2%) and average unit value (+1.2%); and
• Timber and timber-based products, which accounted for 2.9% of total exports, increased RM19.8 million or 1.1% to RM1.7 billion.

 

Exports, 2012-2016

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On a m-o-m basis, exports dropped RM1.4 billion (-2.3%) due to:

• Refined petroleum products dropped RM766.8 million or 17.2% from RM4.5 billion due to the decrease in both average unit value (-14.9%) and export volume (-2.7%);
• LNG, decreased RM293.1 million (-13.5%) from RM2.2 billion due to the decline in average unit value (-17.6%) as export volume rose 4.9%;
• Crude petroleum, decreased RM65.2 million (-4.6%) from RM1.4 billion due to the fall in export volume (-11.5%) as average unit value increased 7.8%;
• Timber and timber-based products, decreased RM6.2 million or 0.4% from RM1.8 billion; and
• Natural rubber, decreased RM3.3 million (-1.2%) from RM285.2 million due to the lower export volume (-9.0%) as average unit value rose 8.6%.

However, increases were recorded for the following products:

• Palm oil and palm based-products increase RM485.3 million or 9.9% from RM4.9 billion. Exports of palm oil rose RM420.6 million (+14.3%) due to the increase in both export volume (+10.5%) and average unit value (+3.5%); and
• E&E products rose RM281.5 million (+1.3%) from RM21.5 billion.

Seasonally Adjusted Figure

On a m-o-m basis seasonally adjusted terms, exports decreased RM1.0 billion (-1.6%) to RM61.4 billion.

IMPORTS

On a y-o-y basis, imports increased 3.1% from RM54.9 billion. The growth in imports was contributed by capital goods and consumption goods.

• Capital Goods

Imports of these goods which represented 16.4% of total imports increased RM1.4 billion or 17.2% to RM9.3 billion due to the growth in transport equipment, industrial (+RM880.3 million, +71.9%) and capital goods (except transport equipment) (+RM485.4 million, +7.2%).

• Consumption Goods

Imports of consumption goods which accounted for 10.8% of total imports expanded RM734.2 million (+13.6%) to RM6.1 billion. The main components contributing to the increase were non-durables (+RM276.1 million, +22.8%), semi-durables (+RM272.4 million, +21.5%) and food & beverages, primary, mainly for household consumption (+RM131.8 million, +17.7%).

• Intermediate Goods

These goods which constituted 55.8% of total imports decreased RM61.8 million (-0.2%) to RM31.7 billion. The decreased were mainly attributed to fuel & lubricants, primary (-RM635.9 million, -38.1%), fuel & lubricants, processed, others (-RM256.7 million, -17.2%) and food & beverages, processed, mainly for industries (-RM183.4 million, -18.6%).             

Imports, 2012-2016

On a m-o-m basis, imports rose RM4.4 billion or 8.4% to RM56.7 billion. The increase in imports was attributed to capital goods, intermediate goods and consumption goods.

• Capital Goods

Imports of capital goods grew RM2.3 billion or 33.2% from RM7.0 billion due to the increase in transport equipment, industrial (+RM1.3 billion, +167.4%) and capital goods (except transport equipment) (+RM1.0 billion, +16.2%).

• Intermediate Goods

These goods increase RM1.9 billion (+6.4%) from RM29.7 billion. The main components which contributed to the increase were industrial supplies, processed (+1.2 billion, +10.2%), fuel & lubricants, processed, others (+RM568.4 million, +85.3%) and parts & accessories of transport equipment (+RM253.3 million, +12.6%).

• Consumption Goods

Imports of consumption goods rose RM542.9 million (+9.7%) from RM5.6 billion. The main components contributing to the increase were semi-durables (+RM273.1 million, +21.5%), non-durables (+RM92.5 million, +6.6%) and food & beverages, primary, mainly for household consumption (+RM88.1 million, +11.2%).

Seasonally Adjusted Figure

On a m-o-m basis seasonally adjusted terms, imports increased RM3.5 billion (+6.7%) to RM55.9 billion.

MARKET SHARE

The following charts show Malaysia's major trading partners for January - May 2016.

Total Trade by Major Countries, Jan - May 2016, percentage share  

Exports and Imports by Major Countries, Jan - May 2016, percentage share

The following charts show Malaysia’s trade with ASEAN countries for January - May 2016.

Exports, Jan – May 2016, percentage share

Imports, Jan – May 2016, percentage share

 

Notes:

# The May 2016 data is provisional and subject to revision in later issues.

 

Released By:

THE OFFICE OF CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
01 JULY 2016

Contact person:
Ho Mei Kei
Public Relation Officer
Corporate and User Services Division
Department of Statistics, Malaysia
Tel : +603-8885 7942
Fax : +603-8888 9248
Email : mkho[at]stats.gov.my

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