Malaysia’s exports, imports worth report progress in February

KUALA LUMPUR: Malaysia’s export and import unit worth indices recorded constructive progress in February 2022, at 2.1 per cent and 1.3 per cent, respectively, in line with the Division of Statistics Malaysia (DoSM) Exterior Commerce Indices report for February 2022.

Chief statistician Malaysia Datuk Seri Dr Mohd Uzir Mahidin stated the export unit worth index’s progress was supported by the will increase in mineral fuels (8.0 per cent), animal and vegetable and oil fat (2.2 per cent), in addition to equipment and transport tools ( 0.7 per cent) indices.

“However, the export quantity index fell 9.8 per cent in the identical month, mirrored by the deterioration within the manufactured items (-14.9 per cent), equipment and transport tools (-12.2 per cent) and miscellaneous manufactured articles (- 10.9 per cent) indices,” he stated in a press release at this time.

Mohd Uzir stated the seasonally adjusted export quantity index grew 2.8 per cent from 155.6 factors to 160.0 factors, whereas year-on-year (yoy), each export unit worth and quantity index continued to broaden at 16.4 per cent and 0.3 per cent, respectively .

In the meantime, he stated the import unit worth index’s progress was pushed by the development in mineral fuels (9.0 per cent), animal and vegetable oils and fat (1.2 per cent) and chemical substances (0.2 per cent) indices.

Conversely, the import quantity index fell by 12.0 per cent in February 2022 in comparison with January 2022, as a result of deterioration within the index of manufactured items (-16.3 per cent), equipment and transport tools (-13.1 per cent), and chemical substances ( -10.4 per cent).

“The seasonally adjusted import quantity index in February 2022 elevated by 0.4 per cent from 169.7 factors to 170.3 factors.

“On a yoy foundation, each import unit worth and quantity indices expanded 7.5 per cent and 10.1 per cent, respectively,” he stated.

DoSM additionally reported that Malaysia’s phrases of commerce elevated by 0.8 per cent month-on-month to 109.9 factors in February 2022, whereas yoy, it confirmed a constructive progress of 8.3 per cent. – Bernama


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