Penang remains Malaysia’s top exporter in December

Penang remains Malaysia’s top exporter in December

The state holds a 31.5% share of total exports, with Selangor at 17.4%, Johor at 17.2%, Sarawak at 9.4%, and Kuala Lumpur at 5.6%.

Malaysia’s December 2023 imports rose by RM3 billion year-on-year, driven by increased imports in states like Penang, reaching RM926 million. (Bernama pic)
PETALING JAYA:
Malaysia’s total trade for December 2023 amounted to RM225.1 billion, with exports and imports recorded at RM118.5 billion and RM106.7 billion, respectively.

Penang remained Malaysia’s top exporter with a 31.5% share of total exports, followed by Selangor (17.4%), Johor (17.2%), Sarawak (9.4%) and Kuala Lumpur (5.6%), according to the statistics department (DoSM).

Chief Statistician Uzir Mahidin said exports increased year-on-year (y-o-y) in Kedah (RM850.4 million), Terengganu (RM673.6 million), Kuala Lumpur (RM539.8 million) and Pahang (RM58.0 million).

Conversely, other states recorded lower exports y-o-y, namely Johor (-RM5 billion), Penang (-RM3.3 billion), Selangor (-RM3 billion), Labuan (-RM2.1 billion), Sarawak (-RM904.8 million), Perak (-RM569 million), Melaka (-RM529.7 million), Sabah (-RM186.8 million), Negeri Sembilan (-RM125.3 million), Kelantan (-RM74.4 million) and Perlis (-RM16.6 million).

Consequently, total exports slid by 10% or RM13.2 billion y-o-y, Uzir noted in DoSM’s Export-Import Statistics by State report for December 2023 released today.

Meanwhile, imports in December 2023 increased by 2.9% y-o-y or RM3 billion.

This was attributed to higher imports in most states such as Johor (RM1.6 billion), Kuala Lumpur (RM1.5 billion), Penang (RM926 million), Negeri Sembilan (RM343 million), Pahang (RM308.9 million), Terengganu (RM183.3 million), Kelantan (RM139.8 million) and Labuan (RM16 million).

“However, imports decreased in Sarawak (-RM588.1 million), Melaka (-RM462.1 million), Selangor (-RM292.1 million), Perak (-RM268.5 million), Sabah (-RM184.3 million), Kedah (-RM113.3 million) and Perlis (-RM21.9 million),” he said.

Selangor continued to dominate Malaysia’s imports with a share of 26.2%, followed by Penang (22%), Johor (21.8%), Kuala Lumpur (7.8%), and Kedah (5.5%).

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