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M’sia’s trade up 4.6% in June

August 8, 2012

KUALA LUMPUR: Malaysia’s total trade in June rose 4.6 percent to RM112.75 billion, the Ministry of International Trade and Industry (MITI) says today.

The growth was supported by a 16.9 percent increase in trade with China and 13.5 percent with Japan.

Exports rose 5.4 percent to RM60.97 billion compared with the same month last year, while  imports also went up 3.6 percent to RM51.78 billion, the ministry said in a statement on the Malaysia External Trade Statistics here.

It said export of manufactured goods for June increased by 5.8 percent or RM2.28 billion from a year ago to RM41.55 billion.

Major export products for the month were electrical and electronic products (RM20.46 billion or 33.6 percent), palm oil (RM5.12 billion or 8.4 percent), liquefied natural gas (RM4.7 billion or 7.7 percent), refined petroleum products (RM4.24 billion or 6.9 percent) and chemicals and  chemical products (RM4.05 billion or 6.6 percent), it said.

The main export destinations were the Asean countries, China, Japan, the European Union and the United States (US), it added.

In term of imports, MITI said the key categories by end-use were intermediate goods valued at RM31.68 billion or 61.2 percent of the total, capital goods (RM8.13 billion or 15.7 percent) and consumption goods (RM3.86 billion or 7.5 percent).

Top import sources were other Asian countries and the US, it said.

On a six-month basis, total trade expanded by 5.9 percent to RM651.33 billion compared with the corresponding period last year.

Exports rose by 4.2 percent to RM351.21 billion while imports grew by eight percent to RM300.12 billion.

“A significant expansion in trade was recorded over the past six months of the year with ASEAN with an increase of 8.9 percent or RM14.47 billion, China at 14.6 percent or RM11.32 billion and Japan 7.4 percent or RM5.12 billion,” it said.

However, it added that trade with the US was down 4.2 percent or RM2.35 billion while trade with the European Union decreased 1.1 percent or RM698 million.

It said manufactured goods were the highest contributor to exports with a 66.7 percent share of total exports and expanded by 1.9 percent or RM4.42 billion to RM234.34 billion.

Increases in exports were also recorded for optical and scientific equipment mainly parts and accessories for oscilloscope and spectrum analyser, by 18.6 percent; rubber products primarily compounded rubber (20.5 percent); machinery, appliances and parts particularly machinery specialised for particular industries and parts (13.7 percent).

It said the top destinations for exports were other Asian countries, the US and Australia.

As for exports during the period, the ministry said the main end-use were intermediate goods valued at RM188.97 billion or 63 percent of the total, capital goods (RM46.49 billion or 15.5  percent) and consumption goods (RM21.76 billion or 7.2 percent).

It added that the main sources of imports were China, Singapore, Japan, the US and Thailand.

- Bernama


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