Malaysia Trade Surplus Narrows in November

Malaysia reported a MYR 10.23 billion trade surplus in November of 2015, down from MYR 11.13 billion a year earlier and below market consensus, as imports rose more than exports.

Year-on-year, exports increased less than expected by 6.3 percent to MYR67.63 billion in November, following a 16.7 percent rise in October. Sales rose for: refines petroleum products (+13.2 percent to MYR4.3 billion, accounting for 6.4 percent of total exports),  palm oil and palm-based products (+6.7 percent to MYR5.3 billion, 7.9 percent share), timber and timber-based products (+7.7 percent to MYR1.8 billion, 2.7 percent share) and electrical & electronic products (+0.6 percent to MYR23.1 billion, 34.2 percent share). In contrast, outbond shipments declined for: LNG (-20.5 percent to MYR4.0 billion, 6.0 percent share) and crude petroleum (-27.7 percent to MYR2.7 billion, 4.0 percent share).

Compared to the previous year, exports rose to China (+MYR1.2 billion), Taiwan (+MYR831.8 million), the US (+MYR509.2 million), South Korea (+MYR425.6 million) and the EU countries (+359.7 million).

Imports rose 9.1 percent to MYR57 billion, as compared to a 0.4 percent drop in the preceding month. Purchases increased for all categories with those of consumption goods growing the most by 43.8 percent to MYR5.8 billion. The main components contributing to the growth were semi durables (+MYR746.9 million), food & beverages, processed, mainly for household (+MYR459.4 million) and non-durables (+MYR284.7 million). Imports of intermediate good increased by 1.5 percent to MYR31.8 billion, driven by parts & accessories of capital goods, except transport equipment) (+MYR2.9 billion), parts & accessories of transport equipment (+MYR396.7 million) and industrial supplies, primary (+MYR317.7 million). Purchases of capital goods grew by 2.6 percent to MYR8.2 billion, due to an increase in capital goods, except transport equipment (+MYR505.5 million).

In October 2015, Malaysia posted a  MYR 12.16 billion trade surplus.

Malaysia Trade Surplus Narrows in November

Statictics of Malaysia l Rida Husna |
1/7/2016 5:14:37 AM