KUALA LUMPUR, Jan 8 (Bernama) — Malaysia’s total trade for January-November last year rose by 3.7 per cent to RM1.247 trillion from the RM1.203 trillion recorded in the same period of 2012.
In a statement here Wednesday, the Ministry of International Trade and Industry (Miti) said the increase was contributed by both higher exports and imports.
From January-November, exports increased by 1.4 per cent to RM654.08 billion, while imports expanded by 6.3 per cent to RM592.91 billion, resulting in a trade surplus of RM61.16 billion.
Meanwhile, Malaysia’s total trade in November last year improved 6.6 per cent year-on-year to RM114.78 billion, with exports registering an increase of 6.7 per cent year-on-year to RM62.25 billion, while imports improved 6.4 per cent to RM52.53 billion.
“The export of manufactured goods was 68.3 per cent of total exports in November 2013, an increase of eight per cent from November 2012. Major export products were electrical and electronic items (RM21.45 billion), with a share of 34.5 per cent of total exports,” Miti said.
Among major export markets for the month under review was Asean, which rose 4.2 per cent to RM15.81 billion, China (RM9.98 billion), Japan (RM6.78 billion) and the European Union (EU) (RM5.61 billion).
Miti said higher exports to the EU was contributed mainly by an increase in exports to Germany (up 7.4 per cent to RM1.85 billion) and Netherlands (up 26.8 per cent to RM1.48 billion).
Major import sources included Asean, accounting for 26.7 per cent of total imports valued at RM14.03 billion, followed by China (18 per cent), by Singapore (11.9 per cent), Japan (8.5 per cent), the United States (8.1 per cent) and Thailand (6.9 per cent).
“Major import products were electrical and electronic items (RM15.41 billion), refined petroleum products (RM5.37 billion) and chemicals and chemical products (RM4.73 billion),” Miti said.
In a statement here Wednesday, the Ministry of International Trade and Industry (Miti) said the increase was contributed by both higher exports and imports.
From January-November, exports increased by 1.4 per cent to RM654.08 billion, while imports expanded by 6.3 per cent to RM592.91 billion, resulting in a trade surplus of RM61.16 billion.
Meanwhile, Malaysia’s total trade in November last year improved 6.6 per cent year-on-year to RM114.78 billion, with exports registering an increase of 6.7 per cent year-on-year to RM62.25 billion, while imports improved 6.4 per cent to RM52.53 billion.
“The export of manufactured goods was 68.3 per cent of total exports in November 2013, an increase of eight per cent from November 2012. Major export products were electrical and electronic items (RM21.45 billion), with a share of 34.5 per cent of total exports,” Miti said.
Among major export markets for the month under review was Asean, which rose 4.2 per cent to RM15.81 billion, China (RM9.98 billion), Japan (RM6.78 billion) and the European Union (EU) (RM5.61 billion).
Miti said higher exports to the EU was contributed mainly by an increase in exports to Germany (up 7.4 per cent to RM1.85 billion) and Netherlands (up 26.8 per cent to RM1.48 billion).
Major import sources included Asean, accounting for 26.7 per cent of total imports valued at RM14.03 billion, followed by China (18 per cent), by Singapore (11.9 per cent), Japan (8.5 per cent), the United States (8.1 per cent) and Thailand (6.9 per cent).
“Major import products were electrical and electronic items (RM15.41 billion), refined petroleum products (RM5.37 billion) and chemicals and chemical products (RM4.73 billion),” Miti said.
No announcement for today.