Malaysia’s trade continued its upward trajectory in September 2022, registering doubledigit growth for trade, exports, imports and trade surplus. This was the highest monthly value for the month of September. Trade rose by 31.4% to RM256.91 billion compared to September 2021, the 20th consecutive month of double-digit growth. Exports increased by 30.1% to RM144.31 billion, the 14th successive month of double-digit growth. Imports expanded by 33.0% to RM112.60 billion. Trade surplus achieved a new record high, expanding by 20.9% to RM31.71 billion. The export growth was contributed mainly by robust external demand for electrical and electronic (E&E) products, petroleum products, liquefied natural gas (LNG), crude petroleum, optical and scientific equipment as well as machinery, equipment and parts. Exports of E&E products, optical and scientific equipment as well as LNG registered the highest monthly value thus far. Meanwhile, exports to major trading partners notably ASEAN, the United States (US), the European Union (EU) and Japan recorded doubledigit growth. Exports to Japan registered the highest monthly value ever.
Major exports in September 2022:
• E&E products, valued at RM57.41 billion and accounted for 39.8% of total exports, increased by 39.8% from September 2021;
• Petroleum products, RM17.32 billion, 12.0% of total exports, surged by 83.3%;
• Palm oil and palm oil-based agriculture products, RM8.25 billion, 5.7% of total exports, increased by 6.4%;
• Chemicals and chemical products, RM6.93 billion, 4.8% of total exports, increased by 14.5%; and
• LNG, RM6.53 billion, 4.5% of total exports, surged by 142.0%.
