|
Exports in May 2008 of RM60.6 billion was
the highest monthly exports ever recorded, with a growth
of 22% from a year ago. Imports for the month increased
by 7.9% to RM44.99 billion compared with the corresponding
month of 2007.
The trade surplus valued at RM15.6 billion,
an increase of 95.5% from May 2007, making it the 127th
consecutive month of trade surplus since November 1997.
Total trade for the period January to May
2008 amounted to RM481.63 billion, an increase of 11.2%
from the corresponding period of 2007. Exports expanded
by 14.6% to RM268.18 billion, while imports grew by 7.2%
to RM213.44 billion. Higher exports of palm oil, crude petroleum,
refined petroleum products, chemicals and chemical products,
liquefied natural gas (LNG) , manufactures of metal, processed
food and rubber products contributed to the increase in
exports for the first five months of 2008. Trade surplus
amounted to RM54.74 billion, an increase of 56.9% from the
corresponding period of 2007.
EXPORTS IN MAY 2008
Major product sectors which contributed
to the increase in exports were electrical and electronic
(E&E) products, palm oil, crude petroleum, chemicals
and chemical products and refined petroleum products.Major
export products:
| Electrical and electronic
products valued at RM24.45 billion or 40.4% of total
exports; |
| Palm oil (RM4.61 billion or 7.6% of
total exports); |
| Crude petroleum (RM4.39 billion or
7.2% of total exports); |
| Chemicals and chemical products (RM3.93
billion or 6.5% of total exports); |
| Refined petroleum products (RM2.92
billion or 4.8% of total exports); |
| Liquefied natural gas (RM2.78 billion
or 4.6% of total exports); |
| Machinery, appliances and parts (RM2.06
billion or 3.4% of total exports); |
| Manufactures of metal (RM1.65 billion
or 2.7% of total exports); |
| Optical and scientific equipment (RM1.45
billion or 2.4% of total exports); and |
| Wood products (RM1.42 billion or 2.3%
of total exports). |
Singapore, the United States of America
(USA), the People’s Republic of China (PRC), Japan
and Hong Kong SAR were the top five export destinations,
accounting for 53% of Malaysia’s total exports in
May 2008.
ASEAN accounted for RM15.37 billion or
25.4% of Malaysia’s total exports in May 2008, an
increase of 26.5% from May 2007. The main contributors to
the increase were crude petroleum, refined petroleum products,
transport equipment as well as chemicals and chemical products.
Exports to ASEAN:
| Singapore |
RM 8.29 billion |
| Thailand |
RM 3.17 billion |
| Indonesia |
RM 2.06 billion |
| Viet Nam |
RM 844.2 million |
| Philippines |
RM 735.6 million |
| Brunei Darussalam |
RM 128.9 million |
| Myanmar |
RM 83.8 million |
| Cambodia |
RM 56.6 million |
| Lao PDR |
RM 0.7 million |
Exports to the USA amounted to RM7.81 billion
compared with RM7.92 billion in May 2007. The decline was
due mainly to lower export of E&E products, while exports
of palm oil increased.In May 2008, exports to the PRC surged
69.1% from a year ago to RM6.82 billion. The increase in
exports was contributed mainly by E&E products, palm
oil as well as chemicals and chemical products.Exports to
the European Union (EU) amounted to RM6.39 billion compared
with RM6.93 billion in May 2007, due mainly to decline in
exports of E&E products to the Netherlands.
Exports to major EU countries:
| Netherlands |
RM 1.97 billion |
| Germany |
RM 1.25 billion |
| United Kingdom |
RM 804.8 billion |
| France |
RM 566.2 million |
| Italy |
RM 300.2 million |
| Spain |
RM 298.9 million |
| Belgium |
RM 205.9 million |
| Hungary |
RM 181.2 million |
| Ireland |
RM 135.9 million |
| Finland |
RM 133.6 million |
Exports to Japan rose 11.1% to RM5.57 billion
in May 2008, contributed mainly by higher exports of LNG,
refined petroleum products and palm oil.
Other markets which registered significant
increases in exports were Hong Kong SAR, the Republic of
Korea (ROK) and Australia.
Exports to Hong Kong SAR surged 67.3% to
RM3.59 billion in May 2008, due mainly to higher exports
of E&E products and refined petroleum products.
In May 2008, exports to the ROK expanded
by 13% to RM2.36 billion, due largely to higher exports
of crude petroleum.
Exports to Australia increased by 18.3%
to RM2.19 billion, contributed largely by refined petroleum
products as well as chemicals and chemical products.
IMPORTS IN MAY 2008
Total imports in May 2008 increased by
7.9% to RM44.99 billion from a year ago. The increase was
contributed mainly by higher imports of intermediate goods
which grew by 7%, capital goods; 13.7% and dual goods (mainly
motor gasoline including aviation gas); 19.8%.
The three main categories of imports by
end use:
| Intermediate goods valued
at RM32.21 billion or 71.6% of total imports; |
| Capital goods (RM5.57 billion or 12.4%
of total imports); and |
| Consumption goods (RM2.66 billion or
5.9% of total imports). |
Major import products:
| Electrical and electronic
products valued at RM15.86 billion or 35.3% of total
imports; |
| Chemicals and chemical products (RM3.79
billion or 8.4% of total imports); |
| Machinery, appliances and parts (RM3.63
billion or 8.1% of total imports); ; |
| Refined petroleum products (RM2.6 billion
or 5.8% of total imports); |
| Transport equipment (RM2.49 billion
or 5.5% of total imports); |
| Iron and steel products (RM2.38 billion
or 5.3% of total imports); |
| Manufactures of metal (RM2.35 billion
or 5.2% of total imports); |
| Crude petroleum (RM2.29 billion or
5.1% of total imports); and |
| Optical and scientific equipment (RM1.51
billion or 3.4% of total imports). |
Top 10 import sources:
|
Import value
(RM billion)
|
Share of total imports
(%)
|
| Japan |
5.94 |
13.2 |
| PRC |
5.28 |
11.7 |
| Singapore |
4.94 |
11.0 |
| USA |
4.57 |
10.2 |
| Thailand |
2.37 |
5.3 |
| ROK |
2.18 |
4.8 |
| Taiwan |
2.12 |
4.7 |
| Indonesia |
1.96 |
4.4 |
| Germany |
1.72 |
3.8 |
| Hong Kong SAR |
1.28 |
2.8 |
Total imports from ASEAN increased by 3.4%
to RM10.75 billion or 23.9% of Malaysia’s total imports.
EXPORTS DURING THE PERIOD JANUARY-
MAY 2008
During the first five months of 2008, total
exports rose 14.6% to RM268.18 billion. Among the top ten
export destinations which registered significant growth
were the PRC, with an export growth of 33.1%; Australia,
27.7%; Japan, 24.3%; India, 18.8%; and Singapore, 17.5%.
Top 10 export destinations: :
|
Export value |
|
(RM billion) |
| Singapore |
39.71 |
| USA |
35.29 |
| Japan |
26.64 |
| PRC |
25.05 |
| Thailand |
13.91 |
| Hong Kong SAR |
11.82 |
| ROK |
11.68 |
| Australia |
9.66 |
| Netherlands |
9.06 |
| India |
8.88 |
Total exports to ASEAN increased by 18.5%
to RM70.61 billion or 26.3% of Malaysia’s total exports
during the period January to May 2008.
Major export products:
| Electrical and electronic products
valued at RM100.96 billion or 37.6% of total exports,
a decrease of 2.5% from the corresponding period of
2007; |
| Palm oil (RM20.41 billion or 7.6% of
total exports), an increase of 93.5%; |
| Crude petroleum (RM18.39 billion or
6.9% of total exports), an increase of 50.3%; |
| Chemicals and chemical products (RM17.44
billion or 6.5% of total exports), an increase of 19.6%; |
| Refined petroleum products (RM13.7
billion or 5.1% of total exports), an increase of 70.4%; |
| Liquefied natural gas (RM13.5 billion
or 5% of total exports), an increase of 24.1%; |
| Machinery, appliances and parts (RM9.71
billion or 3.6% of total exports), an increase of 1.9%;
and |
| Manufactures of metal (RM8.45 billion
or 3.2% of total exports), an increase of 33.3%. |
IMPORTS DURING THE PERIOD JANUARY-MAY
2008
Total imports during the period January
to May 2008 increased by 7.2% to RM213.44 billion. The increase
was contributed mainly by higher imports of intermediate
goods which grew; 8.7%, capital goods; 12.6% and dual goods
(mainly motor gasoline including aviation gas); 25.9%. gasoline
including aviation gas), by 40.2%.
The three main categories of imports by
end use:
| Intermediate goods valued at RM154.53
billion or 72.4% of total imports, an increase of 8.7%
from the corresponding period of 2007; |
| Capital goods (RM25.61 billion or 12%
of total imports), an increase of 12.6%; and |
| Consumption goods (RM12.79 billion
or 6% of total imports), an increase of 9.1%. |
Major import products:
| Electrical and electronic products
valued at RM79.12 billion or 37.1% of total imports,
a decrease of 2.3% from the corresponding period of
2007; |
| Machinery, appliances and parts (RM17.85
billion or 8.4% of total imports), an increase of 9%;
|
| Chemicals and chemical products (RM17.77
billion or 8.3% of total imports), an increase of 12.5%; |
| Manufactures of metal (RM11.72 billion
or 5.5% of total imports), an increase of 7.3%; and |
| Refined petroleum products (RM11.1
billion or 5.2% of total imports), an increase of 24.2%. |
Top 10 import sources:
|
Import value |
|
(RM billion) |
| PRC |
26.96 |
| Japan |
26.94 |
| Singapore |
24.28 |
| USA |
22.21 |
| Thailand |
11.21 |
| Taiwan |
|
| ROK |
9.99 |
| Indonesia |
9.67 |
| Germany |
8.96 |
| Hong Kong SAR |
5.99 |
Total imports from ASEAN increased by 11.9%
to RM53.01 billion. ASEAN accounted for 24.8% of Malaysia’s
total imports during the period January to May 2008. |
