Trade New In Brief -Malaysia

According to the statistics of the economic secretariat of Malaysia, the import and export of goods in Malaysia from January to June 2019 were us $217.44 billion, down 5.8% from the same period last year (the same below). Of this, exports were us $116.90 billion, down 5.2%. Imports were $100.53 billion, down 6.4%. The trade surplus was $16.37 billion, up 3.1 percent.

In June, Malaysia imported and exported us $34.08 billion worth of goods, down 10.1%. Exports were $18.3 billion, down 7.2%. Imports dropped 13.3 percent to $15.78 billion. The trade surplus was $2.53 billion, up 65.6%.

In the january-june period, the import and export of goods between Malaysia and China dropped 4.6% to $361.1. Malaysia’s exports to China totaled 15.57 billion us dollars, down 4.8% and accounting for 13.3% of Malaysia’s total exports, up 0.1 percentage point. Imports from China totaled us $20.54 billion, down 4.5 percent and accounting for 20.4 percent of Malaysia’s total imports, up 0.4 percentage points. Malaysia’s trade deficit was $4.97 billion, down 3.3%.

By June, China had become Malaysia’s second largest export destination and the largest source of imports.

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Post time: Oct-23-2019
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