|
Total trade in April 2008 rose 15.8% to RM100.12 billion
compared with the corresponding month in 2007. Exports surged
20.9% to RM55.8 billion while imports expanded by 10% to
RM44.32 billion.
A higher trade surplus of RM11.48 billion was recorded
in April 2008, an increase of 95.8% from April 2007. It
was the 126th consecutive month of trade surplus since November
1997.
Total trade for the period January to April 2008 amounted
to RM376.89 billion, an increase of 10.3% from the corresponding
period of 2007.
Exports increased by 12.7% to RM207.6 billion, while imports
grew by 7.6% to RM169.3 billion, from the same period of
2007. This resulted in a trade surplus of RM38.3 billion.
EXPORTS IN APRIL 2008
Major product sectors which contributed to the increase
in exports in April 2008 were electrical and electronic
(E&E) products, palm oil, crude petroleum as well as
chemicals and chemical products.
Major export products:
| Electrical and electronic
products valued at RM22.06 billion or 39.5% of total
exports; |
| Palm oil (RM4.58 billion or 8.2% of
total exports); |
| Chemicals and chemical products (RM3.62
billion or 6.5% of total exports); |
| Crude petroleum (RM3.36 billion or
6% of total exports); |
| Refined petroleum products (RM2.76
billion or 5% of total exports); |
| Liquefied natural gas (RM2.49 billion
or 4.5% of total exports); |
| Machinery, appliances and parts (RM1.98
billion or 3.6% of total exports); |
| Manufactures of metal (RM1.61 billion
or 2.9% of total exports); |
| Optical and scientific equipment (RM1.58
billion or 2.8% of total exports) ; and |
| Wood products (RM1.31 billion or 2.3%
of total exports). |
The People’s Republic of China (PRC), Japan, Singapore,
Thailand and Hong Kong SAR were the top five export destinations,
accounting for 45.1% of Malaysia’s total exports in
April 2008.
ASEAN accounted for RM14.36 billion or 25.7% of Malaysia’s
total exports in April 2008. The main contributors to the
increase were crude petroleum, chemicals and chemical products
and refined petroleum products.
Exports to ASEAN:
| Singapore |
RM 8.07 billion |
| Thailand |
RM 3.16 billion |
| Indonesia |
RM 1.61 billion |
| Viet Nam |
RM 698.1 million |
| Philippines |
RM 604.5 million |
| Brunei Darussalam |
RM 113.0 million |
| Myanmar |
RM 62.6 million |
| Cambodia |
RM 35.8 million |
| Lao PDR |
RM 1.7 million |
Exports to the United States of America
(USA) which grew by 6.4% to RM7.89 billion were attributed
mainly to higher exports of E&E products, optical and
scientific equipment as well as palm oil.
Exports to the European Union (EU) amounted
to RM6.01 billion, contributed by E&E products and palm
oil.
Exports to major EU countries:
| Netherlands |
RM 1.78 billion |
| Germany |
RM 1.24 billion |
| United Kingdom |
RM 784.4 billion |
| France |
RM 503.3 million |
| Italy |
RM 503.3 million |
| Belgium |
RM 198.1 million |
| Spain |
RM 196.0 million |
| Hungary |
RM 135.1 million |
| Finland |
RM 130.8 million |
| Denmark |
RM 130.2 million |
| Ireland |
RM 123.5 million |
In April 2008, exports to the PRC surged
56.9% from a year ago to RM5.63 billion. The increase in
exports was contributed mainly by E&E products, palm
oil as well as chemicals and chemical products.
Exports to Japan expanded by 38.3% to
RM5.54 billion in April 2008, attributed mainly to higher
exports of LNG, E&E products, optical and scientific
equipment as well as chemicals and chemical products.
Other markets which registered significant
increases were Hong Kong SAR and Australia. Exports to Hong
Kong SAR grew by 32.8% to RM2.75 billion in April 2008,
due mainly to increase in E&E products. In April 2008,
exports to Australia expanded by 10.3% to RM1.65 billion,
due largely to higher exports of refined petroleum products.
IMPORTS IN APRIL2008
Total imports in April 2008 increased by 10% to RM44.32
billion from a year ago. The increase was contributed mainly
by higher imports of capital goods which grew by 6%, intermediate
goods; 12.4% and dual goods (mainly motor gasoline including
aviation gas); 27.7%.
The three main categories of imports by end use:
| Intermediate goods valued at RM31.85
billion or 71.9% of total imports; |
| Capital goods (RM6.28 billion or 14.2%
of total imports); and |
| Consumption goods (RM2.53 billion or
5.7% of total imports). |
Major import products:
| Electrical and electronic
products valued at RM15.6 billion or 35.2% of total
imports; |
| Machinery, appliances and parts (RM4.75
billion or 10.7% of total imports); |
| Chemicals and chemical products (RM3.53
billion or 8% of total imports); |
| Manufactures of metal (RM2.62 billion
or 5.9% of total imports); |
| Crude petroleum (RM2.27 billion or
5.1% of total imports); |
| Iron and steel products (RM2.16 billion
or 4.9% of total imports); |
| Refined petroleum products (RM1.95
billion or 4.4% of total imports); |
| Transport equipment (RM1.74 billion
or 3.9% of total imports); and |
| Optical and scientific equipment (RM1.24
billion or 2.8% of total imports). |
Top 10 import sources:
|
Import value
(RM billion)
|
Share of total
(RM billion) imports
(%)
|
| PRC |
6.39 |
14.4 |
| Japan |
5.93 |
13.4 |
| Singapore |
4.60 |
10.4 |
| USA |
4.51 |
10.2 |
| Indonesia |
2.19 |
4.9 |
| Taiwan |
2.16 |
4.9 |
| Thailand |
1.94 |
4.4 |
| ROK |
1.89 |
4.3 |
| Germany |
1.78 |
4.0 |
| Hong Kong SAR |
1.25 |
2.8 |
EXPORTS DURING THE PERIOD JANUARY- FEBRUARY 2008
During the period January to February 2008, total exports rose 12.3% to RM100.09 billion. Significant increases were recorded in exports to Pakistan, with a growth rate of 71.6%; Australia, 33.9%; West Asia, 29.1%; India, 24.1%; Japan, 23.5%; ASEAN, 17.6%; the PRC, 15.5%; and the EU, 9.3%.
Major export destinations:
|
Export value |
|
(RM billion) |
| ASEAN |
27.29 |
| USA |
13.21 |
| EU |
12.46 |
| Japan |
10.15 |
| PRC |
8.32 |
| ROK |
4.61 |
| Hong Kong SAR |
3.75 |
| West Asia |
3.68 |
| Australia |
3.56 |
| India |
3.31 |
| Taiwan |
2.37 |
Total imports from ASEAN rose by 8.4% to
RM10.47 billion or 23.6% of Malaysia’s total imports.
EXPORTS DURING THE PERIOD JANUARY-
APRIL 2008
During the period January to April 2008,
total exports rose 12.7% to RM207.6 billion. Among the top
ten export destinations which registered significant growth
in exports were Australia (+30.7%); Japan (+28.2%); the
PRC (+23.2%); Singapore (+17.3%) and India (+16.3%).
Top 10 export destinations:
|
Export value |
|
(RM billion) |
| Singapore |
31.40 |
| USA |
27.46 |
| Japan |
21.05 |
| PRC |
18.22 |
| Thailand |
10.93 |
| ROK |
9.32 |
| Hong Kong SAR |
8.21 |
| Australia |
7.47 |
| Netherlands |
7.08 |
| India |
6.89 |
| Taiwan |
2.37 |
Total exports to ASEAN increased by 16.7%
to RM55.37 billion or 26.7% of Malaysia’s total exports
during the period under review.
Major export products:
| Electrical and electronic products
valued at RM76.44 billion or 36.8% of total exports;;
|
| Palm oil (RM15.8 billion or 7.6% of
total exports); |
| Crude petroleum (RM14 billion or 6.7%
of total exports); |
| Chemicals and chemical products (RM13.51
billion or 6.5% of total exports); |
| Liquefied natural gas (RM10.72 billion
or 5.2% of total exports); |
| Refined petroleum products (RM10.71
billion or 5.2% of total exports); |
| Machinery, appliances and parts (RM7.66
billion or 3.7% of total exports); and |
| Manufactures of metal (RM6.8 billion
or 3.3% of total exports). |
IMPORTS DURING THE PERIOD JANUARY-APRIL
2008
Total imports during the period January
to April 2008 increased by 7.6% to RM169.3 billion. The
increase was contributed mainly by higher imports of capital
goods which grew by 6.7%, intermediate goods; 9.7% and dual
goods (mainly motor gasoline including aviation gas); 41.4%.
The three main categories of imports by
end use:
| Intermediate goods valued at RM121.65
billion or 71.9% of total imports; |
| Capital goods (RM23.11 billion or 13.7%
of total imports); and |
| Consumption goods (RM9.64 billion or
5.7% of total imports). |
Major import products:
| Electrical and electronic products
valued at RM63.25 billion or 37.4% of total imports; |
| Machinery, appliances and parts (RM15.17
billion or 9% of total imports); |
| Chemicals and chemical products (RM13.98
billion or 8.3% of total imports); |
| Manufactures of metal (RM9.32 billion
or 5.5% of total imports); and |
| Refined petroleum products (RM8.5 billion
or 5% of total imports). |
Top 10 import sources:
|
Import value |
|
(RM billion) |
| PRC |
22.64 |
| Japan |
21.02 |
| SIngapore |
19.33 |
| USA |
17.63 |
| Taiwan |
8.78 |
| Thailand |
8.76 |
| ROK |
7.81 |
| Indonesia |
7.71 |
| Germany |
7.24 |
| Hong Kong SAR |
4.72 |
Total imports from ASEAN increased by 14% to RM42.17 billion.
ASEAN accounted for 24.9% of Malaysia’s total imports
during the period January to April 2008. |
