Monthly External Trade Statistics September 2017

Transcription

1. EMBARGO : Only to be published or disseminated at 1200 hours, Friday, 03 November 2017 DEPARTMENT OF STATISTICS MALAYSIA PRESS RELEASE MONTHLY EXTERNAL TRADE STATISTICS SEPTEMBER 2017#
2. KEY FACTS : On a year-on-year (y-o-y) basis, exports maintained its double digit growth of 14.8% (+RM10.1 billion) to RM78.3 billion. Re-exports in September 2017 was valued at RM13.6 billion and accounted for 17.3% of total exports. Domestic exports was higher by RM6.7 billion (+11.6%) to register at RM64.7 billion. On a y-o-y basis, imports also expanded 15.2% or RM9.2 billion to RM69.7 billion. On a month-on-month (m-o-m) basis, exports however decreased RM4.0 billion (-4.9%) from RM82.3 billion. In seasonally adjusted terms, exports dropped 6.2%. On a m-o-m basis, imports also declined RM2.6 billion (-3.7%) from RM72.3 billion. In seasonally adjusted terms, imports decreased 4.0%. On a y-o-y basis, export growth was supported by expansion in exports to China (+RM2.4 billion, +27.1%), Hong Kong (+RM1.3 billion, +41.0%), the European Union (+RM1.1 billion, +16.2%) and Indonesia (+RM969.1 million, +42.9%). On a y-o-y basis, higher imports were mainly from Singapore (+RM2.3 billion, +36.0%), Taiwan (+RM1.4 billion, +37.1%), China (+RM967.2 million, +7.8%) and the Republic of Korea (+RM873.0 million, +31.8%). TRADE Total trade which was valued at RM147.9 billion grew RM19.3 billion or 15.0% from a year ago. However, it posted a decrease of RM6.7 billion or 4.3% when compared to the previous month. September’s trade surplus was RM8.6 billion and recorded an increase of RM890.5 million (+11.5%) from a year ago. However, compared to the previous month, it declined 14.0% or RM1.5 billion. EXPORTS On a y-o-y basis, exports increased 14.8% from RM68.2 billion. The main products which contributed to the increase were: Electrical and electronic (E&E) products (39.4% of total exports), increased RM4.6 billion (+17.7%) to RM30.9 billion; Refined petroleum products, which accounted for 6.0% of total exports, grew RM547.1 million or 13.2% to RM4.7 billion due to the 26.9% increase in average unit value as export volume decreased 10.8%; Liquefied natural gas (LNG), which contributed 3.9% to total exports, rose RM230.1 million or 8.2% to RM3.0 billion due to the increase in both average unit value (+8.0%) and export volume (+0.2%); Natural rubber, which contributed 0.4% to total exports, increased RM10.4 million or 3.4% to RM312.6 million due to the increase in average unit value (+26.1%) as export volume dropped 18.0%; and Timber and timber-based products (2.3% of total exports), rose marginally by RM1.4 million (+0.1%) to RM1.8 billion. However, the following products recorded decreases: Palm oil and palm oil-based products (8.0% of total exports), recorded a decrease of RM105.3 million (-1.6%) to RM6.3 billion mainly due to the decrease in palm oil-based oleochemical of RM114.1 million (-7.0%); and Crude petroleum, which contributed 2.2% to total exports, declined RM90.7 million or 4.9% to RM1.7 billion due to the decrease in export volume (-18.6%) as average unit value increased 16.8%. On a m-o-m basis, exports dropped RM4.0 billion (-4.9%) from RM82.3 billion. The main products which contributed to the decrease were: LNG declined RM926.4 million or 23.3% from RM4.0 billion due to the decrease in both export volume (-20.6%) and average unit value (-3.4%); Palm oil and palm oil-based products dropped RM275.7 million or 4.2% from RM6.6 billion mainly due to the RM258.8 million or 14.7% decrease in palm oil-based oleochemical; Timber and timber-based products decreased RM268.3 million or 13.2% from RM2.0 billion; E&E products decreased RM184.8 million or 0.6% from RM31.1 billion; Crude petroleum shrank RM183.6 million or 9.5% from RM1.9 billion due to the decrease in export volume (-15.5%) as average unit value increased 7.1%; and Natural rubber recorded a reduction of RM63.9 million or 17.0% from RM376.5 million due to the decline in export volume (-18.3%) as average unit value increased 1.6%. However, exports of refined petroleum products increased RM398.8 million or 9.3% from RM4.3 billion due to the growth in both average unit value (+5.6%) and export volume (+3.5%). Seasonally Adjusted Figure On a m-o-m basis seasonally adjusted terms, exports declined RM5.0 billion (-6.2%) to RM75.3 billion.
3. Exports , 2013-2017 IMPORTS On a y-o-y basis, imports increased 15.2% from RM60.5 billion. The growth in imports was contributed by intermediate goods, capital goods and consumption goods. Intermediate Goods These goods which constituted 56.7% of total imports expanded RM4.7 billion (+13.7%) to RM39.5 billion. The growth was mainly attributed to parts & accessories of capital goods (except transport equipment) (+RM2.9 billion, +22.9%), industrial supplies, processed (+RM1.1 billion, +8.1%) and fuel & lubricants, processed, others (+RM579.8 million, +42.5%). Capital Goods Imports of these goods which represented 13.3% of total imports increased RM871.3 million or 10.4% to RM9.3 billion due to the increase in capital goods (except transport equipment) (+RM1.0 billion, +14.3%). However, imports of transport equipment, industrial decreased RM148.4 million or 12.0%. Consumption Goods Imports of consumption goods which accounted for 8.2% of total imports grew RM302.0 million (+5.6%) to RM5.7 billion. The main components attributing to the rise were food & beverages, processed, mainly for household consumption (+RM219.6 million, +16.5%), non-durables (+RM73.2 million, +5.2%) and semi-durables (+RM58.9 million, +5.1%). On a m-o-m basis, imports shrank 3.7% from RM72.3 billion. The reduction was attributed to lower imports of intermediate goods and consumption goods. Intermediate Goods Intermediate goods dropped RM3.6 billion (-8.4%) from RM43.2 billion. The main components which registered significant decreases were parts & accessories of capital goods (except transport equipment) (-RM2.8 billion, -15.5%), industrial supplies, processed (-RM597.6 million, -3.9%) and food & beverages, processed, mainly for industries (RM463.8 million, -38.4%).
4. Consumption Goods Imports of consumption goods declined RM517 .7 million (-8.3%) from RM6.2 billion. The decrease was attributed to food & beverages, processed, mainly for household consumption (-RM140.6 million, -8.3%), durables (-RM129.0 million, -16.5%), and semi-durables (-RM105.6 million, -8.0%). Capital Goods Imports of capital goods increased RM250.9 million or 2.8% from RM9.0 billion due to the growth in transport equipment, industrial (+RM685.0 million, +172.0%). However, imports of capital goods (except transport equipment) decreased RM434.1 million or 5.0%. Seasonally Adjusted Figure On a m-o-m basis seasonally adjusted terms, imports declined RM2.7 billion (-4.0%) to RM68.4 billion. Imports, 2013-2017
5. MARKET SHARE The following charts show Malaysia 's major trading partners for January - September 2017 Total Trade by Major Countries, Jan - Sep 2017, percentage share Exports and Imports by Major Countries, Jan - Sep 2017, percentage share
6. The following charts show Malaysia ’s trade with ASEAN countries for January - September 2017 Exports, Jan - Sep 2017, percentage share Imports, Jan - Sep 2017, percentage share Notes: # The September 2017 data is provisional and subject to revision in later issues.
7. Released By : THE OFFICE OF CHIEF STATISTICIAN MALAYSIA DEPARTMENT OF STATISTICS, MALAYSIA 03 NOVEMBER 2017 Contact person: Ho Mei Kei Public Relation Officer Corporate and User Services Division Department of Statistics, Malaysia Tel : +603-8885 7942 Fax : +603-8888 9248 Email : mkho[at]stats.gov.my