Overview

Exports

The export unit value index posted a positive growth at 1.6% in January 2021, which was contributed from the growth in the index of mineral fuels (+8.5%), animal & vegetable oils & fats (+6.4%) and chemicals (+0.8%). Nevertheless, the export volume index declined 7.9% as compared with the previous month which was attributed to the weak performance of the index of animal & vegetable oils & fats (-49.7%), mineral fuels (-19.3%) and manufactured goods (-8.4%). The seasonally adjusted export volume index registered a drop of 7.3% from 154.0 points to 142.8 points.

When compared to the previous year, the export unit value index dropped 1.9%, while the export volume index rose 8.7%.

Imports

The import unit value index grew 0.7% in January 2021 as compared with the previous month. The growth was contributed from the better performance of the index of mineral fuels (+7.7%), chemicals (+0.5%) and manufactured goods (+0.4%). On the other hand, the import volume index contracted by 3.3% which was attributed from the weak performance of the index of miscellaneous manufactured articles (-10.2%), chemicals (-7.1%) and machinery & transport equipment (-3.9%). The seasonally adjusted import volume index in January 2021 declined 2.0% from 146.1 points to 143.1 point.

On a year-on-year basis, the import unit value index declined 3.2% while import volume index expanded 4.6%.

Terms of trade

Malaysia’s terms of trade grew 0.9% month-on-month from 100.2 points to 101.1 points in January 2021. On a year-on-year basis, Malaysia’s terms of trade also remained positive at 1.3% from 99.8 points in January of previous year.

The full publication of the External Trade Indices, January 2021 can be downloaded through eStatistik Portal.

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

*Notes:

The January 2021 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 MARCH 2021

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Public Relation Officer
Strategic Communication and International Division
Department of Statistics, Malaysia
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