Export, import unit value indices record growth in June


Chief statistician Datuk Seri Mohd Uzir Mahidin (pic) said the higher export unit value index was contributed by the increase in the index of mineral fuels (7.3%), animal and vegetable oils and fats (3.5%), and machinery and transport equipment (0.8%).

PETALING JAYA: Malaysia’s monthly export and import unit value indices continued to record a positive growth in June 2021 at 1.9% and 0.5%, respectively, amid uncertain economic activities, the Department of Statistics Malaysia (DoSM) said.

In a statement, chief statistician Datuk Seri Mohd Uzir Mahidin (pic) said the higher export unit value index was contributed by the increase in the index of mineral fuels (7.3%), animal and vegetable oils and fats (3.5%), and machinery and transport equipment (0.8%).

“Meanwhile, the export volume index recorded a growth of 12.2% in the same month, reflected by the increase in the index of chemicals (29.6%), machinery and transport equipment (15.4%), and mineral fuels (11.3%).

“The seasonally adjusted export volume index posted an expansion of 21.2% from 142.6 points to 172.8 points,” he said.

Compared with the previous year, he said both the export unit value and volume indices rose 12.8%.

On the import unit value index, Mohd Uzir said the increment in June 2021 was driven by the growths in the index of animal and vegetable oils and fats (4.4%), mineral fuels (1.6%) and manufactured goods (0.7%).

Similarly, the import volume index recorded an upward trend of 5.5% in June 2021 compared with that of the preceding month, contributed by the increase in the index of mineral fuels (20.5%), food (13%), and machinery and transport equipment (3.0%), he said.

“The seasonally adjusted import volume index in June 2021 rose 14.5% from 149.0 points to 170.6 points.

“On a year-on-year basis, both the import unit value and volume indices expanded by 5.1% and 25.8% respectively,” he added.

The DoSM also reported that Malaysia’s terms of trade recorded a positive growth of 1.4% month-on-month from 103.5 points to 105.0 points in June 2021, while on a yearly basis, trade performance remained positive at 7.4% compared with 97.8 points in June of previous year. ― Bernama

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