Posted on 09 Jan 2015
Malaysia's exports in November 2014 rose by 2.1 per cent to RM63.73
billion, the highest ever recorded for the month of November, said the
Ministry of International Trade and Industry (MITI).
In a statement here today, MITI said exports of manufactured goods rose
by 4.6 per cent to RM49.58 billion compared with November 2013 due to
higher exports of electrical and electronics products by RM1.52 billion
followed by chemicals and chemical products (RM404.6 million) as well as
iron and steel products (RM347.2 million).
It said exports of agricultural goods dropped by 13.4 per cent to
RM5.17 billion because of the decline in exports of palm oil and crude
natural rubber, due to the lower volumes and prices.
"The exports of mining goods declined by 0.4 per cent to RM8.66 billion
due mainly to lower exports of liquefied natural gas by RM412.1
million.
"Exports of crude petroleum, however, increased by 12.5 per cent due to higher volume," it said.
The ministry said the trade surplus of RM11.13 billion registered was the highest value since November 2011.
Imports were maintained at RM52.6 billion, it said.
"Total trade in November was valued at RM116.33 billion, an increase of
1.2 per cent from RM114.93 billion registered last year," it said.
For the first eleven months of 2014, MITI said, exports remained strong.
"The exports expanded by 6.8 per cent to RM698.44 billion, nearly five
times higher than the growth recorded in the same period of 2013 at 1.4
per cent.
"Growth in exports was recorded to major markets -- Asean, European
Union, Hong Kong, India, the US, Australia, Japan and Taiwan," it said.
MITI said imports rose by 5.4 per cent to RM624.52 billion.
Total trade expanded by 6.1 per cent to RM1.323 trillion, compared with
RM1.247 trillion from the corresponding period of 2013, it said.
It said the trade surplus rebounded by 20.1 per cent to RM73.92 billion
as compared to a decline of 29.7 per cent recorded in the same period
of 2013, it said.
