Overview

Exports

On a month-on-month basis, the export unit value index posted a positive growth at 0.2% from 110.5 points to 110.7 points in October 2020, which was due to the increases in the index of animal & vegetable oils & fats (+5.3%), manufactured goods (+0.4%) and machinery & transport equipment (+0.2%). Similarly, the export volume index also showed an increase of 2.2% from 151.3 points to 154.6 points which was contributed by the rise in the index of inedible crude materials (+11.6%), miscellaneous manufactured articles (+7.4%) and animal & vegetable oils & fats (+6.2%). The seasonally adjusted export volume index registered a drop of 6.8% from 155.2 points to 144.6 points.

When compared to the previous year, the export unit value index dropped 4.7% while the export volume index rose 5.2%.

Imports

In October 2020, the import unit value index slipped from 112.6 points to 112.4 points, decreased 0.2% compared with the previous month. The deterioration was due to the decreases in the index of mineral fuels (-4.2%) and machinery & transport equipment (-0.2%). Nevertheless, the import volume index grew 3.2% to 139.4 points as against 135.2 points in September 2020. The growth was contributed by the increases in the index of mineral fuels (+37.9%), manufactured goods (+1.6%) and machinery & transport equipment (+0.5%). The seasonally adjusted import volume index in October 2020 declined 0.6% from 135.3 points to 134.6 points.

On a year-on-year basis, both the import unit value and volume indices declined 4.2% and 1.9% respectively.

Terms of trade

Malaysia’s terms of trade showed a growth of 0.4% month-on-month from 98.1 points to 98.5 points in October 2020. On a year-on-year basis, Malaysia’s terms of trade remained negative at 0.5% from 99.1 points.

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

*Notes:

The October 2020 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 DECEMBER 2020

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Strategic Communication and International Division
Department of Statistics, Malaysia
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