Overview

The export unit value index decreased by 1.3 per cent in January 2023 as compared with the previous month, attributed from the declines in the index of mineral fuels (-5.8%), chemicals (-0.3%) and miscellaneous manufactured articles (-0.2%). Besides that, export volume index fell by 13.2 per cent in the same month, in line with the decreases in the index of animal & vegetable oils & fats (-40.4%), miscellaneous manufactured articles (-21.4%) and machinery & transport equipment (-13.8%). The seasonally adjusted export volume index dropped 6.9 per cent from 161.1 points to 150.1 points. On annual comparison, export unit value index expanded 7.6 per cent while volume index contracted 5.6 per cent.

Import unit value index also decreased 1.1 per cent in January 2023, supported by the declines in the index of mineral fuels (-6.8%), chemicals (-0.4%) and miscellaneous manufactured articles (-0.3%). The import volume index also decreased 7.4 per cent in January 2023 as compared to the previous month, attributed from the declines in the index of miscellaneous manufactured articles (-16.8%), machinery & transport equipment (-7.5%) and mineral fuels (-6.3%). The seasonally adjusted import volume index fell by 5.4 per cent from 175.4 points to 165.9 points. On a year-on-year basis, import unit value index expanded 5.3 per cent while volume index contracted 2.6 per cent.

Malaysia’s terms of trade returned to a negative performance of 0.1 per cent month-on-month to 111.5 points in January 2023, as accordance to the decreases in the index of food (-0.14%), machinery & transport equipment (-0.6%) and animal & vegetable oils & fats (-0.08%). Malaysia’s terms of trade maintained a positive growth of 2.2 per cent year-on-year from 109.1 points in January of previous year.

*Notes:

The January 2023 data is provisional and subject to revision in later issues.

Released by:

DEPARTMENT OF STATISTICS MALAYSIA
28 February 2023

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