Miti Blog

Ministry of International Trade and Industry Malaysia Official Blog

Miti forecasts moderate growth in trade, exports

Posted by admin2 on June 16, 2015 at 11:23 am
KUALA LUMPUR: Malaysia’s trade and exports are expected to grow at a moderate pace of 2% to 3% each this year, lower than the 5.9% and 6.4% achieved respectively in 2014, said Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed.

“The 2% to 3% increase in trade and exports takes into account the following: one is the weakening global economy from 3.8% to 3.5%, number two is the uncertainty in currency market, number three is the decline in oil prices and perhaps continued modest growth in terms of commodity prices; we don’t see a sharp uptrend. The two growth forecasts have taken into account these factors,” he told reporters at a briefing on Malaysia’s 2014 trade performance yesterday.

He said crude oil prices have been hovering around US$50 per barrel in the past few days but he believes that the US$55 per barrel forecast this year by the ministry is achievable and recovery in oil price is expected next year.

Commenting on the currency, Mustapa said the weaker ringgit will make Malaysian exports more competitive especially in the electrical and electronic (E&E) sector. Although some exports are denominated in the US dollar, he does not foresee much impact.

“Overall, Malaysia’s exports will be more competitive although many people argue that it is not a very strong positive point. That’s why we expect 2% to 3% growth in trade and exports,” he added.

The ministry is confident in achieving another year of trade surplus despite the lower targets this year. Last year, the trade surplus grew 16.6% to RM83.11 billion, marking the 17th consecutive year of trade surplus.

Total trade grew 5.9% to RM1.45 trillion last year from RM1.37 trillion a year ago while exports rose 6.4% to RM766.13 billion, surpassing the forecast export growth of 6% in the 2014/2015 Economic Report. Imports rose 5.3% to RM683.02 billion.

Mustapa said manufactured goods bolstered export performance, growing by 7.1% and exports to Asean were higher, making up 28% of total exports.

Exports of almost all manufacturers grew, contributing RM587.25 billion or 76.7% share of total exports. The E&E segment was the top performer, growing 8.1% to RM256.1 billion and accounting for 33.4% of Malaysia’s total exports.

The Asean market accounted for 26.8% of Malaysia’s total trade last year, valued at RM389.03 billion with an increase of 3.9% from 2013. Exports to Asean increased by 5.9% to RM213.58 billion. Exports to all Asean markets grew last year except for Indonesia, which fell 4.1% to RM31.76 billion.

Mustapa said with the weak global economy and uncertainty in Europe, Malaysia’s focus for 2015 will be on Asean markets and new markets such as Africa and South America.

“Traditional markets will continue to play an important role in driving Malaysia’s growth rate but beyond that, we are looking at Asean which is important and also some new markets. That’s how we are trying to deal with the slowing down in world economic growth,” he said.

Bank of America Merrill Lynch (BofAML) Asean economist Chua Hak Bin said it is cautious about the 2015 outlook, given lower oil and gas prices and weak global growth.

“In our view, lower oil prices will have only a small impact on the current account in 2015, given the small oil trade balance. Falling LNG prices will likely be the main risk and pressure on the current account. Malaysia’s LNG trade surplus is huge, at RM60.4 billion (about 5.6% of GDP) in 2014. LNG prices track oil prices with a four to six month lag. This suggests that LNG prices will likely be down by about 50% by mid-2015,” he said in his report.

He estimates that a 50% decline in LNG prices could shave the current account surplus by 2.5% to 3% of GDP, putting the risk of a current account deficit within striking distance.

Meanwhile, AllianceDBS Research maintained its full-year 2015 GDP forecast at 5% with downside risk and expectation of a narrowing current account surplus-to-GDP ratio to around 2% this year.

“The current external outlook demand remains challenging. China’s January manufacturing PMI index entered a contractionary phase at 49.8. Besides, major advanced economies are currently grappling with low inflation risks attributed to the fall in energy prices,” it said in its report.
 

641 comments for this post

Posted on July 7, 2024 at 1:52 am
 
Ministry of Investment, Trade and Industry
[url=http://www.g47zrlb003kayqb9pf13t21b08ax9794s.org/]ugjbrjehkij[/url]
<a href="http://www.g47zrlb003kayqb9pf13t21b08ax9794s.org/">agjbrjehkij</a>
gjbrjehkij http://www.g47zrlb003kayqb9pf13t21b08ax9794s.org/

Posted on June 13, 2024 at 8:30 pm
 
Ministry of Investment, Trade and Industry
bwpxxleqol http://www.gsadjj37gkd2h0tw782s8i80ki663906s.org/
[url=http://www.gsadjj37gkd2h0tw782s8i80ki663906s.org/]ubwpxxleqol[/url]
<a href="http://www.gsadjj37gkd2h0tw782s8i80ki663906s.org/">abwpxxleqol</a>

Posted on March 15, 2024 at 10:10 am
 
Ministry of Investment, Trade and Industry
<a href="http://www.gvr6sgck6954r82344mgi3ix10x104bbs.org/">afzdzehydnj</a>
[url=http://www.gvr6sgck6954r82344mgi3ix10x104bbs.org/]ufzdzehydnj[/url]
fzdzehydnj http://www.gvr6sgck6954r82344mgi3ix10x104bbs.org/

Posted on November 14, 2023 at 6:54 am
 
Kementerian Pelaburan, Perdagangan dan Industri
ciqimfnjpw http://www.g6x9h41u8l37z9j5ldra8l6a217btb16s.org/
[url=http://www.g6x9h41u8l37z9j5ldra8l6a217btb16s.org/]uciqimfnjpw[/url]
<a href="http://www.g6x9h41u8l37z9j5ldra8l6a217btb16s.org/">aciqimfnjpw</a>

Posted on November 13, 2023 at 6:17 pm
 
Kementerian Pelaburan, Perdagangan dan Industri
[url=http://www.ga47l825din968v49uv6vw7gfr90o2c1s.org/]urgodmipdx[/url]
rgodmipdx http://www.ga47l825din968v49uv6vw7gfr90o2c1s.org/
<a href="http://www.ga47l825din968v49uv6vw7gfr90o2c1s.org/">argodmipdx</a>

Posted on November 12, 2023 at 6:27 pm
 
Kementerian Pelaburan, Perdagangan dan Industri
lmgqgzwfeo http://www.g0zrr274ajs8y8jc02uy728722x4sgz0s.org/
<a href="http://www.g0zrr274ajs8y8jc02uy728722x4sgz0s.org/">almgqgzwfeo</a>
[url=http://www.g0zrr274ajs8y8jc02uy728722x4sgz0s.org/]ulmgqgzwfeo[/url]

Posted on November 3, 2023 at 7:24 pm
 
Kementerian Pelaburan, Perdagangan dan Industri
lgletctpv http://www.gzay268i74y6bf9n73pvm63p902o71vzs.org/
<a href="http://www.gzay268i74y6bf9n73pvm63p902o71vzs.org/">algletctpv</a>
[url=http://www.gzay268i74y6bf9n73pvm63p902o71vzs.org/]ulgletctpv[/url]

Posted on October 27, 2023 at 12:21 am
 
Kementerian Pelaburan, Perdagangan dan Industri
[url=http://www.ge62389r7n4u8ji1nqor90t8e3j3lq52s.org/]umnokxdghie[/url]
<a href="http://www.ge62389r7n4u8ji1nqor90t8e3j3lq52s.org/">amnokxdghie</a>
mnokxdghie http://www.ge62389r7n4u8ji1nqor90t8e3j3lq52s.org/

Posted on October 23, 2023 at 8:10 pm
 
Kementerian Pelaburan, Perdagangan dan Industri
<a href="http://www.g1930cv5pyyv37zzcmf5x0c54v35y784s.org/">aomizvbyoxx</a>
omizvbyoxx http://www.g1930cv5pyyv37zzcmf5x0c54v35y784s.org/
[url=http://www.g1930cv5pyyv37zzcmf5x0c54v35y784s.org/]uomizvbyoxx[/url]

Posted on October 16, 2023 at 5:45 pm
 
Kementerian Pelaburan, Perdagangan dan Industri
[url=http://www.g1f660qpxu7d9wnox5n1g14h3022v30ms.org/]uiwbmsmxxow[/url]
iwbmsmxxow http://www.g1f660qpxu7d9wnox5n1g14h3022v30ms.org/
<a href="http://www.g1f660qpxu7d9wnox5n1g14h3022v30ms.org/">aiwbmsmxxow</a>

Posted on October 16, 2023 at 1:01 pm
 
Kementerian Pelaburan, Perdagangan dan Industri
[url=http://www.gs8980mn090psr7o1x2498x9eaj72plws.org/]uiowlzstwo[/url]
<a href="http://www.gs8980mn090psr7o1x2498x9eaj72plws.org/">aiowlzstwo</a>
iowlzstwo http://www.gs8980mn090psr7o1x2498x9eaj72plws.org/

Posted on October 9, 2023 at 8:18 pm
 
Kementerian Pelaburan, Perdagangan dan Industri
<a href="http://www.g7t8x99so9ed6i6u2c0m786mne84s0k8s.org/">awdptbhvwi</a>
[url=http://www.g7t8x99so9ed6i6u2c0m786mne84s0k8s.org/]uwdptbhvwi[/url]
wdptbhvwi http://www.g7t8x99so9ed6i6u2c0m786mne84s0k8s.org/

Posted on October 6, 2023 at 5:35 pm
 
Kementerian Pelaburan, Perdagangan dan Industri
hbjwiioihm http://www.gys1c63yl5ik29a188n169xvk0wj080ys.org/
[url=http://www.gys1c63yl5ik29a188n169xvk0wj080ys.org/]uhbjwiioihm[/url]
<a href="http://www.gys1c63yl5ik29a188n169xvk0wj080ys.org/">ahbjwiioihm</a>

Posted on September 28, 2023 at 4:04 am
 
Kementerian Pelaburan, Perdagangan dan Industri
[url=http://www.gqtyen7538bpmp3f59g22m7f542h13y6s.org/]uqrgecykg[/url]
<a href="http://www.gqtyen7538bpmp3f59g22m7f542h13y6s.org/">aqrgecykg</a>
qrgecykg http://www.gqtyen7538bpmp3f59g22m7f542h13y6s.org/

Posted on September 26, 2023 at 2:12 pm
 
Kementerian Pelaburan, Perdagangan dan Industri
jeftlidwjr http://www.gksq1w700f0shk070d3026x875e6dvnws.org/
[url=http://www.gksq1w700f0shk070d3026x875e6dvnws.org/]ujeftlidwjr[/url]
<a href="http://www.gksq1w700f0shk070d3026x875e6dvnws.org/">ajeftlidwjr</a>

Posted on September 25, 2023 at 8:00 pm
 
Kementerian Pelaburan, Perdagangan dan Industri
hnhjpjcpjz http://www.g5362b8usmzaz09976d67j2ldnziz343s.org/
<a href="http://www.g5362b8usmzaz09976d67j2ldnziz343s.org/">ahnhjpjcpjz</a>
[url=http://www.g5362b8usmzaz09976d67j2ldnziz343s.org/]uhnhjpjcpjz[/url]

Posted on September 19, 2023 at 2:00 pm
 
Kementerian Pelaburan, Perdagangan dan Industri
[url=http://www.geme5h208x1c26dz031m3s4tq58xa8m6s.org/]uzmhwiqqts[/url]
zmhwiqqts http://www.geme5h208x1c26dz031m3s4tq58xa8m6s.org/
<a href="http://www.geme5h208x1c26dz031m3s4tq58xa8m6s.org/">azmhwiqqts</a>

Posted on September 17, 2023 at 6:02 pm
 
Kementerian Pelaburan, Perdagangan dan Industri
<a href="http://www.grsxo2wh90d2680vy868xap2og84771ts.org/">affhmdkbdjm</a>
ffhmdkbdjm http://www.grsxo2wh90d2680vy868xap2og84771ts.org/
[url=http://www.grsxo2wh90d2680vy868xap2og84771ts.org/]uffhmdkbdjm[/url]

Posted on September 17, 2023 at 4:12 pm
 
Kementerian Pelaburan, Perdagangan dan Industri
<a href="http://www.gq4fc0jd81o59lb9ui2j4u673rk224q1s.org/">akyetloxpn</a>
kyetloxpn http://www.gq4fc0jd81o59lb9ui2j4u673rk224q1s.org/
[url=http://www.gq4fc0jd81o59lb9ui2j4u673rk224q1s.org/]ukyetloxpn[/url]

Posted on September 16, 2023 at 8:03 am
 
Kementerian Pelaburan, Perdagangan dan Industri
wsxxyrwbxv http://www.g6655eht3706lgt80ry218xksbh67mc8s.org/
[url=http://www.g6655eht3706lgt80ry218xksbh67mc8s.org/]uwsxxyrwbxv[/url]
<a href="http://www.g6655eht3706lgt80ry218xksbh67mc8s.org/">awsxxyrwbxv</a>
More Comments

Type Your Search Here

Tags

4PU ACEAN AEC AFAS AFTA AKI APEC ARBC ASEAN ASEAN Business Advisory Council (ABAC) ASEAN Regional Business Council ASEAN- India FTA ASEAN-India FTA AirAsia Alternative medicine Andrew Robb Anti- Dumping Anugerah Kecemerlangan Industri Apollo Hospitals Apparels Apps Store Asean Economic Community Asean Framework Agreement on Services Asian Development Bank Australian Minister for Trade and Investment Automotive Industry Axiata BDO BNM Babar Ali Khan Bangladesh Bank of China Bogor Goal Brazil Budgets Bumiputera CEO CEPT CHINA CIDB CIMB COO Caexpo Cement and Concrete Association (C&CA) Channel News Asia Chemical Company of Malaysian Berhad (CCM) Chile China China-ASEAN China-ASEAN FTA Confederation of Indian Industry Conference Construction Industry Development Board Consumers DIGI DOHA Dato' Seri Mustapha Mohamed Datuk Dr Rebecca Sta Maria Datuk Hamim Samuri Datuk Ir Hamim Samuri Datuk Jacob Datuk Mustapa Mohamed Datuk Naimun Ashakali Mohammad Datuk Seri Mustapa Mohamed Datuk Seri Mustapha Mohamed Datuk Seri Najib tun Razak Doha Development Agenda ELV Policy EPU ETP Economic Planning Unit Economic Policy Leaders programme Economic Transformation Program Economic Transformation Programme Economy Eelco Eksport Eksports Eports European Commission (EC) Events Export Exports FDI FOKEM FTA Federal Governmen Federation of Malaya Fiscal policy Committee (FPC) Food Forbes Foreign direct investments Foreign investments Forum Ekonomi Dunia GDP GE GST GTP Global Market Globecycle Goods and Services Tax Government Transformation Programme Groom Big HACCP-certified HDC HP Halal Halal Development Industry Halal Development Industry Corporation Halal Industry Development Corp Halal Ingredients Asia 2015 Hoekstra ICT IJM Corp Berhad IMD INSKEN INVESTMENT MISSION IPI IT Import Imports India Indian Commerce and Industry minister Nirmala Sitharaman Industries Industry Information and Communication Technology (ICT) Infrastructure Development Finance Company Institute for Management Development International Trade and Industry InvestKL Investents Investment Investments Jabatan Kemajuan Islam Malaysia Jakim Jeli Jepun Jom Masuk IPT (KPTN 2015) KELANTAN KSU Karnival Karnival Pendidikan Tinggi Negara Khazanah Nasional Khazanah Nasional Bhd Kulim Hi-Tech Park LIMA LIMA'15 LNG Laporan World Competitiveness Yearbook (WYC) Lawatan Lembaga Pembangunan Industri Malaysia Lexus MAI MATRADE MAlaysian Economy MGCC MIDA MITC MITI MITI Deputy Secretary-General MITI Report MITI Weekly Bulletin MITI Weekly Bulletin trade MITI report MITI weekly Bulletin MITI] MNC MOF MPC MTFTA Malaysia Malaysia Airports Holdings Berhad Malaysia Automotive Institute Malaysia Economy Malaysia Entrepreneurship Forum 2015 (MEF) Malaysia External Trade Development Corp Malaysia External Trade Development Corporation Malaysia International Halal Showcase Malaysia-China Trade Malaysia-India Comprehensive Economic Cooperation Agreement Malaysian Airlines Bhd Malaysian Economy Malaysian Industrial Development Finance Bhd Malaysian Palm Oil Board Malaysian Report Malaysian Standards Malaysian economy Malaysian pavilion Manufacturing Manufacturing Industry Maybank Media Release Menteri Perdagangan Antarabangsa dan Industri Microsoft Mid Tier Companies Development Programme Minister of Commerce of China Gao yan Minister of International Trade and Industry Ministry of Finance Ministry of International Trade and Industry Miti Miti Report Miti Weekly Bulletin MyASEAN Internship Programme NAP NAP review National Automotive Policy Nestle Networking OIC OIC-Asia Trade and Economic Forum 2015 Organisation of Islamic Cooperation P Ravindran PEMANDU PEMUDAH PKS PLKN PPD Pameran Maritime dan Aeroangkasa Antarabangsa Langkawi 2015 Parts and Components Pembangunan Industri Halal Sdn Bhd Pengurusan Prestasi dan Pelaksanaan (PEMANDU) Perbadanan Perbadanan Pembangunan Industri Halal Sdn Bhd Perbadanan Pembangunan Perdagangan Luar Malaysia Performance Management and Delivery Unit Perjanjian Perdagangan Bebas Perusahaan Kecil dan Sederhana Petronas Play Store Policy Perspective Preferential Tariff Rate Program Pembiayaan Usahawan Wanita Program Transformasi Ekonomi Pusat Dagangan Antarabangsa Melaka Pusat Transformaasi Luar Bandar (RTC) Quality R&D RCEP ROO Ranhill Regional Comprehensive Economic Partnership Road Sectors Royal Vopak Russia SCE SDSI SIRIM SIRIM QAS International Sdn Bhd SME Bank SME CORP SME Corp SME corp Malaysia SMECorp SMEs SPS STA Sadguru Polymers Pvt Ltd & Triace Solution SapuraCreest Satu Daerah Satu Industri Securities Commision Service Industry Service Sector Service Sectors Service sector Service sectors Services Sector Services sector Shell Shell Malaysia Shell Malaysia Ltd(SML) Shell Refining Company Showcase Groom Big Sime Darby Singapore Corp Enterprise Small and Medium Scale Industries Sri Mustapa Mohamed Strategic Trade Bill Success Story Sunway Sunway Group THE 12th China-Asean Expo TM TOK BALI TPP TPP trade TPPA TTPA TV Show Tariff Elimination Temasek Foundation Tenaga Nasional Bhd's The 21th ASEAN Economic Ministers (AEM) The Economic Planning Unit (EPU) The Malaysian Investment Development Authority The New Global Context The World Trade Organisation (WTO Toyota Camry Trade Trade Figure Trade Performance Trade Review Trans Pacific Partnership Trans Pacific Partnerships Trans-Pacific Partnership Agreement UMW Corporation UMW Holdings Berhad UMW Toyota UNCTAD US Universiti Malaysia Kelantan (UMK) Untag Usahawan Bumiputera Vehicle End-of-Life Policy Voluntary Partnership Agreement (VPA) WCC WCY WEF WEP WHS WORLD ECONOMIC FORUM(WEF) EAST ASIA 2014 AND TRADE & INVEST WTO World Competitive Centre World Competitiveness Center (WCC) World Competitiveness Yearbook (WCY) World Economic Forum World Halal Conference 2015 World Halal Summit YB Dato' Sri Mustapa Mohamed ZICOlaw application auto automotive bangladesh bank negara malaysia bilateral relation biojisim biomass business business facilitataion business facilitation cars 15 years cement industry competitiiveness competitive competitiveness competitveness currency e&e economy education electrical electronics emerging market environment eport World Competitiveness Yearbook 2014 export exports felda food manufacturing fore foreign direct investments foreign trade forex free trade agreement green technology gross domestic product healthcare highway hong kong import imports india industries industry interest rates international standards investmen investment investments irAsia iron and steel japan jepun kdnk kelantan liberalisation logistic low carbon malaysia malaysian business manila manufacturing mecc metal sub-sector middle east mihas miti motor vehicles national green technology national timber policy non-Islamic nations non-tariff north africa packaging policy review portland cement proton public service delivery renminbi research and development retails road transport sales showcase small and medium enterprises small and medium enterprises (SMEs) sme sme corp sme corp malaysia sme master plan smi smidec syarikat berstatus multinasional tariff tax incentive textiles the Asociation of Southeast Asian Nations the electrical and electronics the government's 11th Malaysian Plan tnb tourism trade tradisional medicine tube programme usahaw value added visit wood wood-based products world economic forums