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Home > Business > Business News

Friday, 6 March 2015 | MYT 12:28 PM

Malaysias January exports, imports disappoint

BY JOSEPH CHIN

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KUALA LUMPUR: Malaysias exports in January 2015 fell 0.6% to RM63.60bil from
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RM63.97bil a year ago, which was in sharp contrast to economists expectations of a
2.5% increase.
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The Department of Statistics said on Friday that on a month-on-month basis, exports
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fell RM4.1bil or 6.0% from RM67.7bil. In seasonally adjusted terms, exports decreased
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by 1.2%.
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It said the on-year fall in exports were due to the decrease in exports to China (http://www.thestar.com.my/business/business-news/2015/03/06/malaysia-january-exports-and-imports-disappoint/[6/29/2016 12:15:37 AM]

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Malaysias January exports, imports disappoint - Business News | The Star Online

RM1.9bil), Indonesia (-RM582.9mil), Australia (-RM445.3mil), New Zealand (RM415.2mil) and South Korea (-RM317.2mil).
Refined petroleum products, which accounted for 5.4% of total exports, fell RM2.5bil or
41.8% to RM3.4bil due to the decrease in both average unit value (-25.9%) and export
volume (-21.5%), it said.
As for palm oil and palm-based products (which account for 7.2% of total exports), they
fell RM825.2mil or 15.3% to RM4.6bil. Exports of palm oil, the major commodity in this
group of products, dropped RM752.7mil or 21.2% and this was attributed to the
decrease in export volume (-13.3%) and average unit value (-9.1%).
The department said as for imports, they fell RM3.0bil (-5.3%) to RM54.6bil. On a
month-on-month basis, imports fell 6.6% or RM3.9bil from RM58.5bill.
In seasonally adjusted terms, imports also decreased 2.1%.

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The decrease in imports was mainly attributed to intermediate goods. These goods,
which constituted 60.6% of total imports, dropped RM1.0bil (-3.0%) to RM33.1bil.

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The decrease were mainly contributed by fuel & lubricants, processed, others (RM2.1bil, -78.0%), fuel & lubricants, primary (-RM1.9bil, -50.6%), and industrial
supplies, primary (-RM141.9mil, -7.5%).

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Imports of capital goods, which represented 14.9% of total imports, increased

RM167.2mil or 2.1% to RM8.1bil due to the increase in capital goods (except transport
equipment) of RM419.9mil (+6.4%).

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However, transport equipment, industrial decreased by RM252.7mil (-18.2%).

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Imports of consumption goods which accounted for 8.0% of total imports expanded
RM85.4mil (+2.0%) to RM4.4bil.

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The main components contributing to the increase were food & beverages, processed,
mainly for household consumption (+RM58.3mil, +5.1%), semi-durables (+RM50.1mil,
+6.9%) and food & beverages, primary, mainly for household consumption
(+RM43.6mil, +6.2%).

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On a on-year basis, decrease in imports were mainly from Singapore (-RM1.8bil)

United Arab Emirates (-RM1.5bil), Brunei (-RM545.9mil) Costa Rica (-RM443.4mil)

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Brexit

http://www.thestar.com.my/business/business-news/2015/03/06/malaysia-january-exports-and-imports-disappoint/[6/29/2016 12:15:37 AM]

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Malaysias January exports, imports disappoint - Business News | The Star Online

and Russia (-RM356.6mil).

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RM303.5mil
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Malaysias January exports, imports disappoint - Business News | The Star Online

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