Malaysia’s total trade performance continued its growth momentum in April 2022, expanded by 21.3 per cent, reaching RM231.4 billion as compared to RM190.8 billion in the preceding year. Exports increased by 20.7 per cent to RM127.5 billion in April 2022. Imports amounted at RM103.9 billion rose by 22.0 per cent year-on-year (y-o-y). Trade balance continued to record a surplus, with a value of RM23.5 billion, an increase of 15.7 per cent from the previous year.
In comparison to March 2022, exports, imports, total trade and trade balance decreased by 3.1 per cent, 0.9 per cent, 2.1 per cent and 11.6 per cent, respectively.
For the period of January to April 2022, the performance of total trade, exports, imports and trade surplus remained resilient with double-digit growths. Total trade grew by 22.9 per cent, supported by the expansion in exports (+21.8%) as well as imports (+24.3%) while trade surplus grew 12.1 per cent.
A. PERFORMANCE OF EXPORTS
Malaysia’s exports was recorded at RM127.5 billion, increased by 20.7 per cent as compared to April 2021. The increase was driven by both domestic exports and re-exports. Domestic exports stood at RM103.4 billion and contributed 81.1 per cent to total exports, grew by 21.7 per cent. On the same note, re-exports with a value of RM24.1 billion, grew by 16.8 per cent y-o-y. Meanwhile, for monthly comparison, exports fell by 3.1 per cent or RM4.1 billion. Analysis of the seasonally adjusted terms month-on-month (m-o-m), exports decreased by 2.8 per cent or RM3.5 billion to RM124.0 billion.
Chart 1: Domestic Exports, Re-Exports (RM billion) and Annual Change (%)
Chart 2: Actual Export Value and Seasonally Adjusted Export Value, RM billion
B. PERFORMANCE OF IMPORTS
Malaysia’s import value in April 2022 reaching RM103.9 billion and continued to register a growth of 22.0 per cent or RM18.7 billion. On a m-o-m basis, imports dropped by 0.9 per cent or RM964.4 million. Based on seasonally adjusted terms m-o-m, imports decreased by 3.3 per cent to RM101.6 billion.
On a y-o-y basis, imports by end use registered a positive growth with the increases in the intermediate goods (+28.1%) and consumption goods (+9.7%). However, capital goods decreased by 2.4 per cent.
Chart 3: Imports, Value (RM billion) and Annual Change (%)
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1. The April 2022 data is preliminary and subject to revision in later issues.
2. This report can be accessed through the web portal of the Department of Statistics, Malaysia (https://www.dosm.gov.my) under section: Latest Release.
THE OFFICE OF CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
19 May 2022
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