Overview

Exports

The export unit value index posted a positive growth at 2.2% in the same month, reflected by the growth in all sections, particularly mineral fuels (+8.3%), animal & vegetable oils & fats (+4.0%) and machinery & transport equipment (+1.0%). Similarly, the export volume index increased with a double digit growth of 17.3% in March 2021, contributed by the increases in the index of manufactured goods (+31.4%), machinery & transport equipment (+25.4%) and miscellaneous manufactured articles (+18.3%). The seasonally adjusted export volume index registered a marginal increase of 0.3% from 162.7 points to 163.1 points.

When compared to the previous year, both the export unit value and volume indices rose 2.3% and 28.0%, respectively.

Imports

The import unit value index increased 1.0% in March 2021 as compared with the previous month. The increment was contributed by the better performance of the index of mineral fuels (+4.7%), machinery & transport equipment (+0.7%) and manufactured goods (+0.5%). Meanwhile, the import volume index grew 14.8% in March 2021 as compared to the preceding month which was contributed by the expansion in the index of chemicals (+23.0%), machinery & transport equipment (+14.8%) and manufactured goods (+13.7%). The seasonally adjusted import volume index in March 2021 expanded 3.3% from 157.2 points to 162.4 points.

On a year-on-year basis, the import unit value index declined marginally by 0.5% while the import volume index expanded 19.8%.

Terms of trade

Malaysia’s terms of trade rose 1.2% month-on-month from 101.5 points to 102.8 points in March 2021. On a year-on-year basis, Malaysia’s terms of trade also remained positive at 2.9% from 99.9 points in March of previous year.

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

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

*Notes:

The March 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 MAY 2021

Contact person:

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

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