Overview

Ten states recorded trade surplus in August 2023

Malaysia’s total trade for August 2023 amounted to RM213.0 billion with exports and imports recorded RM115.2 billion and RM97.9 billion, respectively.  Exports was valued at RM115.2 billion in August 2023, decreased

RM26.4 billion (-18.6%) as compared to the same month of the previous year. The decrease in exports was attributed to the lower exports in most states such as Pulau Pinang (-RM9.1 billion), Johor (-RM7.9 billion), Selangor (-RM3.6 billion), Sarawak (-RM2.7 billion), W.P. Kuala Lumpur (-RM2.5 billion), Melaka (-RM607.1 million), Sabah (-RM484.8 million), Kelantan (-RM253.5 million), Terengganu (-RM191.6 million), Perak (-RM124.7 million), Pahang (-RM86.0 million) and Perlis (-RM26.0 million). However, exports increased in W.P. Labuan by RM719.1 million, Kedah (+RM431.3 million) and Negeri Sembilan (+RM246.8 million). 

Pulau Pinang remained as the top exporter wit?h 28.8 per cent share, followed by Johor (22.1%), Selangor (18.4%), Sarawak (7.9%) and Kedah (4.2%).

At the same time, imports also decreased RM26.4 billion (-21.2%) in August 2023 as compared to the same month in 2022. The decrease in imports was contributed by the lower imports in most states such as  Johor (-RM12.2 billion), Pulau Pinang (-RM6.2 billion), Selangor (-RM4.2 billion), Negeri Sembilan (-RM1.2 billion), W.P. Kuala Lumpur (-RM721.2 million), Pahang (-RM402.3 million), Kedah (-RM348.0 million), W.P. Labuan (-RM347.1 million), Sabah (-RM257.0 million), Melaka (-RM237.1 million), Perak (-RM190.0 million), Sarawak (-RM63.7 million), Perlis (-RM15.8 million) and Kelantan (-RM6.1 million). However, imports increased in Terengganu by RM188.1 million.

Selangor continued to dominate Malaysia’s imports with a share of 27.7 per cent, followed by Johor (21.1%), Pulau Pinang (21.1%), W.P. Kuala Lumpur (7.1%) and Kedah (5.9%).  

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