Overview

Exports

The export unit value index grew 3.9 per cent in May 2022 as compared with the previous month, supported by the increases in the index of mineral fuels (+9.6%), animal & vegetable oil & fats (+6.0%) and machinery & transport equipment (+2.4%). However, export volume index fell 9.1 per cent in the same month, contributed by the decreases in the index of manufactured goods (-25.6%), miscellaneous manufactured articles (-14.2%) and machinery & transport equipment (-6.8%). The seasonally adjusted export volume index dropped 9.1 per cent from 162.2 points to 152.4 points.

On annual comparison, both export unit value and volume indices continued to grow 22.2 per cent and 6.9 per cent, respectively.

Imports

Import unit value index grew 2.9 per cent in May 2022 as compared with the previous month, contributed by the increases in the index of animal & vegetable oils & fats (+11.7%), mineral fuels (+11.0%) and machinery & transport equipment (+1.9%). Similarly, the import volume index also grew 0.7 per cent in May 2022 as compared to the previous month, contributed by the increases in the index of foods (+9.5%), machinery & transport equipment (+6.3%) and miscellaneous manufactured articles (+4.0%). Correspondingly, seasonally adjusted import volume index in May 2022 also increased by 0.7 per cent from 177.0 points to 185.6 points.

On a year-on-year basis, both the import unit value and volume indices rose 12.9 per cent and 21.7 per cent, respectively.

Terms of trade

Malaysia’s terms of trade grew by 1.0 per cent month-on-month to 112.0 points in May 2022, contributed by the increase in the index of miscellaneous transactions & commodities (+22.3%), machinery & transport equipment (+0.57%) and miscellaneous manufactured articles (+0.55%). On a y-o-y basis, Malaysia’s terms of trade performance showed positive growth of 8.2 per cent from 103.5 points in May of previous year.

The full publication of the External Trade Indices, May 2022 can be downloaded through eStatistik Portal.

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

*Notes:

The May 2022 data is provisional and subject to revision in later issues.

Released by:

THE OFFICE OF CHIEF STATISTICION MALAYSIA

DEPARTMENT OF STATISTICS, MALAYSIA
 

04 JULY 2022

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

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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