Exports records a growth of 9.8% for first three months

12 May '08

2 min read

In March 2008, Malaysia posted a trade surplus of RM8.0 billion as compared with RM6.5 billion in the corresponding month of 2007.

The current month's trade surplus expanded at RM1.5 billion (+22.3%) due to exports increased by RM2.6 billion (+5.3%) whilst imports rose RM1.1 billion (+2.6%). Total exports recorded an increase from RM49.0 billion in March 2007 to RM51.6 billion, while imports grew from RM42.5 billion to RM43.6 billion.

Imports of intermediate and capital goods, which constituted 85.6% of total imports, went up by 4.1% to RM37.3 billion.

January – March 2008:

Balance Of Trade:
For the first three months of the year 2008, Malaysia registered a trade surplus of RM26.8 billion as against RM21.1 billion in the same period a year earlier. Exports recorded a growth of 9.8% from RM138.1 billion to RM151.7 billion, while imports expanded by 6.7% from RM117.1 billion to RM124.9 billion as compared to the same period last year.

Exports:
Crude petroleum, ranked as the third largest export commodity and made up 7.0% of total exports, increased by 46.5% or RM3.4 billion to RM10.6 billion. The expansion was due to higher average export unit value of 45.9% or RM735.7 per tonne and export volume marginally increased by 20,000 tonnes (+0.4%).

Petroleum products, the fifth largest export commodity, which accounted for 4.5% of total exports, soared by 100.6% or RM3.4 billion to RM6.8 billion. Timber & timber-based products, the sixth largest export earner, which represented 3.5% of total exports, shed by 6.4% or RM359.8 million to RM5.2 billion.

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