Overview
Beginning January 2016, Malaysia’s external trade indices have been rebased to 2010 prices (2010=100). The previous series was based on 2005 prices. The rebase to 2010 prices was undertaken to reflect a more up-to-date price as well as structure of external merchandise trade in Malaysia.
Exports
On a-month-on-month basis, in January 2016, the export unit value index decreased 1.1% to 105.8 points and this was attributed to mineral fuels (-10.0%). The export volume index also decreased 6.9% which was led by manufactured goods (-15.2%) and chemicals (-9.5%). In seasonally adjusted terms, the export volume index decreased 8.0%.
When compared to the previous year, the export unit value index registered a decrease of 2.1%. In contrast, the export volume index increased 1.2%.
Imports
In January 2016, the import unit value index decreased 0.7% to 107.9 points compared to December 2015 and this was led by mineral fuels (-11.2%) and inedible crude materials (-3.2%). Reflecting the same trend, the import volume index dropped 5.7%, mainly attributed to animal & vegetable oils & fats (-53.0%), miscellaneous manufactured articles (-15.6%) and mineral fuels (-10.0%). In seasonally adjusted terms, the import volume index decreased 5.4%.
On a-year-on-year basis, the import volume index and unit value index increased 1.7% and 1.6% respectively.
Terms of trade
In January 2016, Malaysia’s terms of trade decreased 0.3% when compared with December 2015. On a year-on-year basis, Malaysia’s terms of trade registered a reduction of 3.7%.
For more details, please refer to the Department’s portal: www.statistics.gov.my
| *Notes:
The January 2016 data is provisional and subject to revision in later issues.
|
Released By:
THE OFFICE OF CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
11 MARCH 2016
Contact person:
Ho Mei Kei
Public Relation Officer
Corporate and User Services Division
Department of Statistics, Malaysia
Tel : +603-8885 7942
Fax : +603-8888 9248
Email : mkho@stats.gov.my
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