Malaysia’s Trade Performance 2020

Highest Ever September Exports

Malaysia’s total trade in September 2020 expanded by 5.5% to RM155.88 billion compared to September 2019. Increases in trade were recorded primarily with China, Hong Kong SAR, the United States (US), the Netherlands and Taiwan. Exports rebounded by a double digit growth of 13.6% to RM88.93 billion, the highest export value ever recorded for the month of September. Imports decreased by 3.6% to RM66.96 billion.

Trade surplus in September 2020 surged by 149.3% year-on-year (y-o-y) to RM21.97 billion and was the highest trade surplus ever recorded for the month of September.

Compared to August 2020, total trade, exports and imports grew by 7.5%, 12.4% and 1.6%, respectively. Trade surplus recorded significant expansion of 66.3%.

Total trade for the third quarter (Q3) of 2020 amounted to RM460.87 billion, declined marginally by 0.5% compared to Q3 2019. Exports increased by 4.4% to RM260.62 billion while imports contracted by 6.3% to RM200.25 billion. Trade surplus grew by 68.4% to RM60.36 billion.

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Trade Performance : September 2020 and January – September 2020

Article Reference : MATRADE