MARKET DEVELOPMENT
Total April Trade Up 12%
Total April Trade Up 12%
07/06/2014 (Bernama) - Malaysia's total trade in April 2014 rose by 12 per cent year-on-year to RM123.86 billion due to growing trading activities, International Trade and Industry Minister Datuk Seri Mustapa Mohamed said.
He said the increase in trade was recorded with China which rose RM1.72 billion, Taiwan (RM1.51 billion), South Korea (RM1.49 billion), Hong Kong (RM1.37 billion), Australia (RM1.25 billion), Singapore (RM1.2 billion) and Japan (RM1 billion).
In a statement today, the minister said exports were at RM66.37 billion in April, an increase of RM10.56 billion compared with April 2013, while imports grew by five per cent to RM57.5 billion, resulting in trade surplus of RM8.87 billion.
Major exports were electrical and electronics (E&E) products valued at RM21.68 billion, representing a share of 32.7 per cent of total exports, rose by 22 per cent from April 2013; refined petroleum products (RM5.6 billion) and liquefied natural gas (RM5.35 billion).
Others included chemicals and chemical products (RM4.56 billion) and palm oil, which includes crude palm oil, fractionated palm oil; palm kernel oil, olein and stearin, at RM3.84 billion.
Major import products were E&E products which rose 7.5 per cent at RM15.33 billion, or 26.7 per cent of total imports; refined petroleum products (RM6.47 billion) and chemicals and chemical products (RM5.68 billion).
Mustapa said Malaysia's trade performance charted a continued uptrend with total trade rising 9.3 per cent to RM473.24 billion in January-April 2014, against the corresponding period in 2013, on the back of strong export performance over the last period.
"We have achieved significant expansion in trade with several trading partners, while also sustaining the growth trajectory for exports over the past 10 months since July," he said.
In line with this growth trend, he said Malaysia locked in a solid trade surplus of RM35.19 billion in the first four months of 2014 with exports rising 12.8 per cent to RM254.22 billion and imports expanding by 5.4 per cent to RM219.03 billion.
He said the increase in trade was recorded with China which rose RM1.72 billion, Taiwan (RM1.51 billion), South Korea (RM1.49 billion), Hong Kong (RM1.37 billion), Australia (RM1.25 billion), Singapore (RM1.2 billion) and Japan (RM1 billion).
In a statement today, the minister said exports were at RM66.37 billion in April, an increase of RM10.56 billion compared with April 2013, while imports grew by five per cent to RM57.5 billion, resulting in trade surplus of RM8.87 billion.
Major exports were electrical and electronics (E&E) products valued at RM21.68 billion, representing a share of 32.7 per cent of total exports, rose by 22 per cent from April 2013; refined petroleum products (RM5.6 billion) and liquefied natural gas (RM5.35 billion).
Others included chemicals and chemical products (RM4.56 billion) and palm oil, which includes crude palm oil, fractionated palm oil; palm kernel oil, olein and stearin, at RM3.84 billion.
Major import products were E&E products which rose 7.5 per cent at RM15.33 billion, or 26.7 per cent of total imports; refined petroleum products (RM6.47 billion) and chemicals and chemical products (RM5.68 billion).
Mustapa said Malaysia's trade performance charted a continued uptrend with total trade rising 9.3 per cent to RM473.24 billion in January-April 2014, against the corresponding period in 2013, on the back of strong export performance over the last period.
"We have achieved significant expansion in trade with several trading partners, while also sustaining the growth trajectory for exports over the past 10 months since July," he said.
In line with this growth trend, he said Malaysia locked in a solid trade surplus of RM35.19 billion in the first four months of 2014 with exports rising 12.8 per cent to RM254.22 billion and imports expanding by 5.4 per cent to RM219.03 billion.