Malaysia records increase in external trade unit values in October




PUTRAJAYA: Malaysia’s monthly export and import unit value indices posted positive growths of 1.4% and 0.6% respectively, in October 2021, according to the Statistics Department.

“The export unit value index increased 1.4% in October 2021 as compared with the previous month, contributed by the increases in the index of mineral fuels (+6.2%), animal & vegetable oils & fats (+3.3%) and chemicals (+0.9%),” chief statistician Datuk Seri Dr Mohd Uzir Mahidin said in a statement.

Meanwhile, the export volume index rose 1.8% in the same month, reflected by the increases in the index of manufactured goods (+8.1%), chemicals (+7.1%) and machinery & transport equipment (+4.1%).

The seasonally adjusted export volume index fell 8.0 per cent from 165.9 points to 152.6 points.

On annual comparison, both export unit value and volume index grew 16.4% and 7.8%, respectively.

Mohd Uzir said the import unit value index grew 0.6% in October 2021 as compared with the previous month, due to the increases in the index of mineral fuels (+4.7%), manufactured goods (+0.04%) and machinery & transport equipment (+0.03%).

“On the other hand, the import volume index increased by 3.6% in October 2021 as compared to the preceding month, contributed by the increases in the index of mineral fuels (+8.2%), machinery & transport equipment (+4.6%) and manufactured goods (+3.7%).

“The seasonally adjusted import volume index in October 2021 dropped 0.8% from 160.9 points to 159.6 points.

“On a year-on-year basis, both the import unit value and volume indices expanded 7.5% and 19.2% respectively,” he said.

In addition, Malaysia’s terms of trade increased by 0.8% month-on-month to 106.7 points in October 2021.

The Statistics Department said Malaysia’s terms of trade performance remained positive at 8.3% from 98.5 points in October of the previous year.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

   

Next In Business News

Ringgit opens marginally higher on mixed signals
Strong dividend outlook on Hap Seng Plantations
Hibiscus completes acquisition of Fortuna international Petroleum
FBM KLCI slumps following wild trading on Wall Street
Trading ideas: Opcom, Maybank, Greatech Technology, MISC, Luster Industries, Aimflex, AirAsia and YB Ventures
Sinovac regimen gets strong boost from Pfizer, AstraZeneca or J&J COVID shots - study
Tesla countersues JPMorgan, claims bank sought 'windfall' after Musk tweet
Oil price falls 2% as Fed rate hike talk spooks risk markets
Bitcoin bounces off six month lows as buyers step in
Wall Street reverses, ends higher in late session rally

Others Also Read


Vouchers