Export, import unit value indices up 1.3% in July


Chief statistician Datuk Seri Mohd Uzir Mahidin said the higher export unit value index was contributed by increases in the indices of mineral fuels (6.7%), machinery and transport equipment (1.1%) and manufactured goods (0.5%).

PETALING JAYA: Malaysia’s monthly export and import unit value indices continued to show positive growth in July 2021, both rising 1.3% month-on-month (m-o-m).

In contrast, their volume indices recorded a decline in the same period, the Department of Statistics Malaysia (DoSM) said.

Chief statistician Datuk Seri Mohd Uzir Mahidin said the higher export unit value index was contributed by increases in the indices of mineral fuels (6.7%), machinery and transport equipment (1.1%) and manufactured goods (0.5%).

“On the other hand, the export volume index recorded a decline of 9% in the same month, reflected by the decreases in the indices of miscellaneous manufactured articles (down 22.9%), manufactured goods (12%) and machinery and transport equipment (7.7%),” he said in an external trade indices report released yesterday.

Mohd Uzir said the seasonally adjusted export volume index posted a decrease of 20.7% from 172.8 points to 137points.

“When compared to the previous year, the export unit value index grew 14.3%, while the export volume index declined 8.2%,” he said.

On the import unit value index, Mohd Uzir said the increment was driven by growth in the indices of mineral fuels (8.1%), machinery and transport equipment (0.7%) and manufactured goods (0.4%).

However, the import volume index fell 0.8% in the same month compared to the preceding month, attributed to the drop in the indices of animal and vegetable oils and fats (down 19.1%), manufactured goods (13.6%) and chemicals (9.8%).

“The seasonally adjusted import volume index in July 2021 posted a decrease of 9.5% from 170.6 points to 154.3 points.

“On a year-on-year basis, both the import unit value and volume indices expanded 5.6% and 17.5%, respectively,” he said.

The DoSM also reported that Malaysia’s terms of trade increased marginally by 0.05% m-o-m to 105.0 points in July 2021, while, on a y-o-y basis, the country’s terms of trade performance remained positive at 8.4% from 96.9 points in July of the previous year. ― Bernama

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

Govt decides to maintain electricity tariff from Feb 1, 2022 to Dec 31, 2024
Top Builders triggers PN17 criteria
Sunway REIT net property income up 86.5% in Q6 FP2021
TNB gets nod for RP3; electricity tariff remains
Inta Bina secures RM160.6mil construction contract
Financial Sector Blueprint 2022-2026 initiatives complement current banking infrastructure
Boustead, Boustead Plantations appoint new directors
KLCC REIT returns to the black in 4Q
SDP's report on forced labour allegation close to completion
Bursa Malaysia ends broadly higher

Others Also Read


Vouchers