Malaysia’s total trade for the month of June 2017 increased by 7% to RM136.26 billion, up from RM127.38 billion recorded in June 2016, according to the Ministry of International Trade and Industry.
Expansion was supported mainly by trade with China, India, Japan, the European Union (EU), ASEAN, the United States of America (USA), Taiwan and the Republic of Korea (ROK).
Exports in June 2017 posted a stronger year-on-year growth than imports for the second straight month. Exports expanded by 10% to RM73.07 billion while imports grew by 3.7% to RM63.19 billion.
June’s trade surplus of RM9.88 billion marked the 236th consecutive month of trade surplus since November 1997 and the highest value of trade surplus since April 2016.
Compared to May 2017, total trade, exports and imports were lower by 11.1%, 8% and 14.5%, respectively.
Total trade in second quarter (Q2) 2017 amounted to RM428.66 billion, an expansion of 19.9% from Q2 2016. Total exports in the quarter reached RM226.36 billion, 20.6% higher from the same period last year and imports increased by 19.1% to RM202.31 billion.
A trade surplus of RM24.05 billion was recorded for Q2 2017 compared to RM17.86 billion registered in Q2 2016.
Compared with Q1 2017, exports increased by 0.7% while total trade and imports contracted marginally by 0.4% and 1.7%, respectively.
In the first half (H1) of 2017, Malaysia’s total trade rose by 22% to RM859.17 billion from RM704 billion recorded in H1 2016.
During the period, exports increased by 21% to RM451.05 billion and imports expanded by 23.3% to RM408.12 billion. A trade surplus of RM42.93 billion was recorded for H1 2017 compared to RM41.79 billion in H1 2016.