Overview

Exports

On a month-on-month (m-o-m) basis, in January 2018, the export unit value index registered a decrease of 0.2% to 112.6 points. This was mainly attributed to animal & vegetable oils & fats (-3.6%), machinery & transport equipment (-0.3%) and miscellaneous manufactured articles (-0.1%). In contrast, the export volume index increased 4.7% to 138.3 points. This was led by animal & vegetable oils & fats (+18.7%), machinery & transport equipment (+11.3%) and chemicals (+2.3%). In seasonally adjusted terms, the export volume index expanded 11.8% to 142.5 points.

When compared to the previous year, the export unit value index and export volume index posted increases of 0.4% and 17.4% respectively.

Imports

In January 2018, the import unit value index increased 0.2% to 115.8 points, m-o-m, which was mainly led by mineral fuels (+3.4%) followed by manufactured goods (+0.4%) and food (+0.2%). Meanwhile, the import volume index also rose 1.2% to 143.6 points. This was mainly attributed to manufactured goods (+11.5%), mineral fuels (+9.5%) and chemicals (+6.7%). In seasonally adjusted terms, the import volume index expanded 5.4% to 144.9 points.

On a year-on-year basis, the import unit value index and import volume index registered increases of 0.6% and 11.0% respectively.

Terms of trade

Malaysia’s terms of trade registered a drop of 0.5% to 97.2 points when compared with December 2017. Meanwhile, a decline of 0.1% was also recorded year-on-year basis.

Commencing January 2018, Malaysia’s External Trade Indices (ETI) has been updated based on the “basket” of goods for reference year 2013. The new basket comprises 761 export items and 1,306 import items. Updating of the “basket” of goods aims to ensure that the selected items for the calculation of the ETI reflect the current patterns/structure in Malaysia’s international merchandise trade.

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

Released By:

THE OFFICE OF CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
5 MARCH 2018

Contact person:
Ho Mei Kei
Public Relation Officer
Strategic Communication and International Division
Department of Statistics, Malaysia
Tel : +603-8885 7942
Fax : +603-8888 9248
Email : mkho[at]stats.gov.my 

For interviews, press statement and clarification to the media, contact:

Baharudin Mohamad

Public Relation Officer

Email: baharudin[at]dosm.gov.my

Phone: 03 8885 7942

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