MARKET DEVELOPMENT
Malaysia's Total Trade In Oct Up At RM139.46 Bln
Malaysia's Total Trade In Oct Up At RM139.46 Bln
04/12/2015 (Bernama) - Malaysia's total trade rose 8.2 per cent, year-on-year, to RM139.46 billion in October 2015, thanks to robust exports, said the International Trade and Industry Ministry.
Exports in October grew 16.7 per cent, its first double-digit growth for the year, to RM75.81 billion previously while imports was slightly lower at RM63.65 billion from RM63.90 billion in the corresponding period.
Trade surplus rose to RM12.16 billion during the month in review from RM1.08 billion registered in the same month last year, making it the 216th consecutive month of trade surplus since November 1997.
The stronger exports were supported by robust demand from major markets mainly ASEAN, the European Union, China and the United States.
For the January-October 2015 period, cumulative exports were valued at RM644.02 billion compared with RM634.47 billion recorded in the same period last year while imports totalled RM567.96 billion compared with RM571.88 billion previously.
The trade surplus for the first ten months of 2015 increased to RM76.07 billion, up 21.5 per cent, from the same period in 2014.
On a sectoral basis, it said exports of manufactured goods grew 22.2 per cent, year-on-year, for the month under review, driven by higher exports of electrical and electronics products.
Exports of agricultural goods increased 6.4 per cent to RM6.38 billion due to higher exports of palm oil and palm-based products while exports of mining goods decreased 7.6 per cent to RM8.05 billion affected by the decline in exports of liquefied natural gas (LNG) and crude petroleum.
Major exports in October 2015 were electrical and electronics products valued at RM26.24 billion, up 22.7 per cent, from a year ago.
Other exports included chemicals and chemical products (RM5.29 billion); petroleum products (RM5.42 billion); palm oil and palm-based products (RM4.45 billion); and LNG (RM4.56 billion).
Exports in October grew 16.7 per cent, its first double-digit growth for the year, to RM75.81 billion previously while imports was slightly lower at RM63.65 billion from RM63.90 billion in the corresponding period.
Trade surplus rose to RM12.16 billion during the month in review from RM1.08 billion registered in the same month last year, making it the 216th consecutive month of trade surplus since November 1997.
The stronger exports were supported by robust demand from major markets mainly ASEAN, the European Union, China and the United States.
For the January-October 2015 period, cumulative exports were valued at RM644.02 billion compared with RM634.47 billion recorded in the same period last year while imports totalled RM567.96 billion compared with RM571.88 billion previously.
The trade surplus for the first ten months of 2015 increased to RM76.07 billion, up 21.5 per cent, from the same period in 2014.
On a sectoral basis, it said exports of manufactured goods grew 22.2 per cent, year-on-year, for the month under review, driven by higher exports of electrical and electronics products.
Exports of agricultural goods increased 6.4 per cent to RM6.38 billion due to higher exports of palm oil and palm-based products while exports of mining goods decreased 7.6 per cent to RM8.05 billion affected by the decline in exports of liquefied natural gas (LNG) and crude petroleum.
Major exports in October 2015 were electrical and electronics products valued at RM26.24 billion, up 22.7 per cent, from a year ago.
Other exports included chemicals and chemical products (RM5.29 billion); petroleum products (RM5.42 billion); palm oil and palm-based products (RM4.45 billion); and LNG (RM4.56 billion).