Malaysia’s total trade up 8.6% to RM236bil in December

Malaysia’s total trade up 8.6% to RM236bil in December

Exports rose 6% to RM131.9 billion in December 2022.

Malaysia’s total trade in 2022 recorded a new milestone to reach RM2.8 trillion.
PETALING JAYA:
Malaysia’s total trade for December 2022 rose 8.6% year-on-year (y-o-y) to RM236 billion, with exports rising 6% to RM131.9 billion while imports rose 12% y-o-y to RM104.1 billion, said the department of statistics Malaysia (DoSM).

Chief Statistician Uzir Mahidin said Malaysia’s total trade in 2022 recorded a new milestone to reach RM2.8 trillion.

Meanwhile, the export performance by states showed that exports in December 2022 increased RM7.5 billion or 6% compared to the same month of the previous year.

“Higher exports were recorded in most states such as Johor (+RM4.3 billion), Sarawak (+RM2.2 billion), Selangor (+RM1.4 billion), Labuan (+RM1.4 billion), Negeri Sembilan (+RM264.1 million), Perak (+RM230.1 million), and Kedah (+RM184 million),” he said in a statement today.

Meanwhile, other states, namely Melaka recorded higher exports of RM97.9 million, Kelantan (+RM92.9 million), Kuala Lumpur (+RM64.8 million), and Perlis (+RM14.3 million).

However, Uzir noted that exports decreased for Sabah (-RM1.7 billion), Pahang (-RM563.3 million), Terengganu (-RM531 million) and Penang (-RM93.3 million).

Looking at the performance of imports by state, he said imports also increased RM11.2 billion or 12% in December 2022 compared to a year earlier due to the higher imports in most states such as Johor (+RM5.1 billion), Selangor (+RM2.7 billion) and Melaka (+RM1.8 billion).

Among the top five major exporting states, he said Penang remained as the top exporter with a share of 30.8%, followed by Johor (19.2%), Selangor (17.8%), Sarawak (9.1%), and Kuala Lumpur (4.7%).

As for imports, Selangor was the largest contributor with a share of 27.2%, followed by Penang (21.9%), Johor (20.8%), Kuala Lumpur (6.6%), and Kedah (5.8%).

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