The International Trade Council has released Malaysia's trade figures for June, showing a 1.3% increase in overall trade activity. This growth is primarily attributed to a rise in the export unit value index, which increased by 0.6% from the previous month. Key contributors to this increase include mineral fuels (+2.4%), food (+1.2%), and machinery & transport equipment (+0.2%).
Despite this rise, the export volume index experienced a decline of 2.1%, with significant drops in manufactured goods (-13.8%), animal & vegetable oils & fats (-13.6%), and miscellaneous manufactured articles (-7.7%). The seasonally adjusted export volume index also fell by 13.5%, from 172.2 points to 149.0 points.
In comparison to the same month last year, the export unit value index grew by 6.6%, while the export volume index decreased by 4.6%.
On the import side, the import unit value index decreased by 0.7% in June, influenced by declines in the indices for animal & vegetable oils & fats (-6.0%), mineral fuels (-2.8%), and chemicals (-0.5%). The import volume index also dropped by 4.7% from May, driven by decreases in manufactured goods (-13.0%), chemicals (-6.1%), and machinery & transport equipment (-2.8%). The seasonally adjusted import volume index decreased by 15.7%, from 220.9 points to 186.2 points.
Year-on-year, the import unit value index and the import volume index increased by 1.2% and 16.4%, respectively.
Malaysia's terms of trade improved by 1.3% month-on-month, reaching 116.3 points in June. This increase was driven by rises in the indices for mineral fuels (+5.4%), animal & vegetable oils & fats (+2.8%), and food (+1.1%). Compared to June of the previous year, Malaysia’s terms of trade rose by 5.4%, from 111.4 points.
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