Overview

Exports

On a month-on-month basis, in August 2020, the export unit value index shrank 0.2% to 109.7 points which was due to the decreases in the index of mineral fuels (-2.7%) followed by machinery & transport equipment (-0.6%) and inedible crude materials (-0.6%). Similarly, the export volume index also dropped 14.4% to 135.6 points which was attributed to the decreases in the index of animal & vegetable oils & fats (-20.1%), machinery & transport equipment (-18.4%) and mineral fuels (-13.4%). In seasonally adjusted terms, the export volume index registered a drop of 12.5% to 134.5 points.

When compared to the previous year, the export unit value index dropped 4.9% while the export volume index rose 2.1%.

Imports

In August 2020, the import unit value index recorded a marginal growth of 0.1% to 113.4 points when compared to the previous month, which was contributed by the increases in the index of mineral fuels (+1.3%) and manufactured goods (+0.3%). In contrast, the import volume index shrank 2.3% to 132.2 points. This was attributed to the declines in the index of manufactured goods (-11.6%), mineral fuels (-9.4%) and machinery & transport equipment (-4.4%). In seasonally adjusted terms, the import volume index in August 2020 dropped 2.5% to 127.5 points.

On a year-on-year basis, both the import unit value and volume indices decreased 3.6% and 3.0% respectively.
 

Terms of trade

Malaysia’s terms of trade registered a marginal decrease of 0.1% to 96.7 points as compared with July 2020. On a year-on-year basis, Malaysia’s terms of trade also dropped 1.4% from 98.1 points.

For more details, please refer to the Department’s portal: www.dosm.gov.my

*Notes:

The August 2020 data is provisional and subject to revision in later issues.

Released By:

DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
 DrUzir_Mahidin      dr_uzir

2 OCTOBER 2020

Contact person:

Mohd Yusrizal Ab Razak
Public Relation Officer
Strategic Communication and International Division
Department of Statistics, Malaysia
Tel : +603-8885 7942
Fax : +603-8888 9248
E-mail : yusrizal.razak[at]dosm.gov.my

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