Overview

Exports

The export unit value index posted a positive growth at 1.0% in December 2020, which was contributed by the growth in the index of animal & vegetable oils & fats (+7.7%), mineral fuels (+5.0%) and manufactured goods (+0.6%). The export volume index also grew 11.9% as compared with the previous month which was contributed from the better performance of the index of animal & vegetable oils & fats (+49.0%), mineral fuels (+16.6%) and machinery & transport equipment (+8.7%). The seasonally adjusted export volume index registered an expansion of 12.2% from 139.9 points to 157.0 points.

When compared to the previous year, the export unit value index dropped 3.0% while the export volume index rose 14.2%.

Imports

The import unit value index also expanded 0.4% in December 2020 as compared with the previous month. The expansion was contributed from the increases in the index of animal & vegetable oils & fats (+7.7%), mineral fuels (+6.5%) and manufactured goods (+0.5%). Similarly, the import volume index also grew by 10.5% which was contributed from the better performance of the index of chemicals (+14.3%), manufactured goods (+11.1%) and machinery & transport equipment (+10.3%). The seasonally adjusted import volume index in December 2020 rose 12.4% from 131.8 points to 148.1 points.

On a year-on-year basis, the import unit value index declined 4.2% while import volume index expanded 6.0%.

Terms of trade

Malaysia’s terms of trade rose 0.6% month-on-month from 99.6 points to 100.2 points in December 2020. On a year-on-year basis, Malaysia’s terms of trade also showed a similar trend at 1.3% from 99.0 points to 100.2 points in December 2020.

The full publication of the External Trade Indices, December 2020 can be downloaded through eStatistik Portal.

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

*Notes:

The December 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

4 FEBRUARY 2021

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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Baharudin Mohamad

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