Overview

NINE STATES REGISTERED A TRADE SURPLUS IN MAY 2023

• Malaysia’s total trade for May 2023 amounted to RM223.8 billion with exports and imports recorded RM119.6 billion and RM104.2 billion, respectively. Malaysia's trade surplus rose 21.4 per cent year on year (y-o-y) to RM15.4 billion in May 2023. Nine states that registered trade surplus were Pulau Pinang, Sarawak, Johor, Sabah, W.P. Labuan, Kelantan, Kedah, Pahang and Terengganu.
  
• Exports was valued at RM119.6 billion in May 2023, decreased RM884.4 million (-0.7%) 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 (-RM2.4 billion), Sabah (-RM1.1 billion), Sarawak (-RM942.2 million), Pahang (-RM742.7 million), W.P. Labuan (-RM594.2 million), Terengganu (-RM394.3 million), Perak (-RM156.3 million) and Johor (-RM71.0 million). However, exports increased in Selangor by RM2.0 billion, W.P. Kuala Lumpur (+RM1.3 billion), Kedah (+RM1.0 billion), Negeri Sembilan (+RM423.4 million), Melaka (+RM324.1 million), Kelantan (+RM273.0 million) and Perlis (+RM3.5 million).
  
• Pulau Pinang remained as the top exporter with 29.0 per cent share, followed by Johor (21.1%), Selangor (18.5%), Sarawak (8.1%) and W.P. Kuala Lumpur (5.8%).
  
• At the same time, imports also decreased RM3.6 billion (-3.3%) in May 2023 as compared to the same month in 2022. The decrease in imports was contributed by the lower imports in most states such as Pulau Pinang (-RM7.9 billion), Kedah (-RM1.2 billion), W.P. Kuala Lumpur (-RM1.2 billion), Perak (-RM325.3 million), W.P. Labuan (-RM190.1 million) and Pahang (-RM21.2 million). On the other hand, nine states recorded an increase in imports were Selangor (+RM3.3 billion), Johor (+RM1.4 billion), Melaka (+RM1.2 billion), Sarawak (+RM733.3 million), Terengganu (+RM290.5 million), Negeri Sembilan (+RM143.2 million), Sabah (+RM119.7 million), Perlis (+RM37.9 million) and Kelantan (+RM7.9 million).
  
• Selangor continued to dominate Malaysia’s imports with a share of 28.1 per cent, followed by Johor (22.2%), Pulau Pinang (19.7%), W.P. Kuala Lumpur (6.7%) and Kedah (4.8%).
  

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