Latest news with #RM261.9
The Star
28-05-2025
- Business
- The Star
Seven states post positive trade growth, contributing RM219.4bil in April 2025
KUALA LUMPUR: Total trade for seven states recorded a positive growth, reaching RM219.4 billion in April 2025, according to the Department of Statistics Malaysia (DOSM). In a statement, chief statistician Datuk Seri Mohd Uzir Mahidin said exports rose by 16.4 per cent (RM18.9 bilion) to RM133.6 billion year-on-year (y-o-y), driven by higher exports in most states. The states that recorded export growth were Pulau Pinang (RM14.5 billion), Johor (RM3.0 billion), Selangor (RM3.0 billion), Perak (RM286.5 million), Negeri Sembilan (RM196.4 million), Melaka (RM171.8 million), Pahang (RM107.0 million) and Perlis (RM9.4 million). However, he said exports declined in the WP Kuala Lumpur by RM1.2 billion, Terengganu (RM783.2 million), Sarawak (RM313.6 million), Kedah (RM228.7 million), Kelantan (RM96.4 million), WP Labuan (RM33.1 million) and Sabah (RM22.6 million). Mohd Uzir noted that Pulau Pinang remained as the top exporting state, contributing 36.7 per cent of total exports, followed by Johor (19.7 per cent), Selangor (18.2 per cent), Sarawak (6.9 per cent) and WP Kuala Lumpur (3.2 per cent). As for imports by state, he said imports rose by RM21.4 billion (20.0 per cent) to RM128.4 billion y-o-y in April 2025, largely due to higher imports in most states such as Selangor (RM9.0 billion), Pulau Pinang (RM6.9 billion), WP Kuala Lumpur (RM5.3 billion), Johor (RM1.4 billion), Perak (RM303.1 million), Kedah (RM105.9 million), Kelantan (RM39.7 million) and Sabah (RM27.9 million). Conversely, imports decreased in Pahang by RM794.8 million, Melaka (RM674.4 million), Negeri Sembilan (RM526.1 million), Sarawak (RM306.8 million), Terengganu (RM130.5 million), WP Labuan (RM79.9 million) and Perlis (RM3.7 million). "Selangor dominates Malaysia's imports with a share of 29.7 per cent, followed by Pulau Pinang (22.9 per cent), Johor (19.1 per cent), WP Kuala Lumpur (10.4 per cent) and Kedah (5.0 per cent),' he added. Malaysia's total trade stood at RM261.9 billion in April 2025. - Bernama
The Sun
20-05-2025
- Business
- The Sun
M'sia trade in April soars to RM261.9b
PUTRAJAYA: A consistent increase in the global economy, along with the shifts in international demand for Malaysia's goods, resulted in improved trade performance, said Department of Statistics, Malaysia (DoSM). Total trade showing a double-digit 18.2% uptick from RM221.6 billion in the previous year to RM261.9 billion mainly attributable from the growth in imports of 20%, reaching RM128.4 billion and exports 16.4%, reaching RM133.6 billion. On the contrary, trade balance fell by 33% to RM5.2 billion in April 2025 as reported yesterday in DoSM's Malaysia External Trade Statistics Bulletin, April 2025. Chief Statistician Malaysia Datuk Seri Dr Mohd Uzir Mahidin said that Malaysia's export growth was driven by an increase in both domestic exports and re-exports in April 2025. Domestic exports, which accounted for 74.9% of total exports, rose by 9.1% to RM100 billion, while re-exports, making up 25.1% of total exports, expanded by 46% to RM33.5 billion as compared to April 2024. Additionally, imports amounted to RM128.4 billion, an increase of 20% or RM21.4 billion. The trade surplus decreased 33% to RM5.2 billion, the 60th consecutive month of surplus since May 2020. Comparing with March 2025, imports and total trade recorded an increase of 14.1% and 4.8%, respectively. Meanwhile, exports and trade balance showed a decrease of 2.7% and 79.1%, respectively. From the perspective of the commodity group, 136 out of 258 export groups and 136 out of 260 import groups showed an increase as compared to the same month of the previous year. Mohd Uzir also pointed out that higher exports was attributable mainly to the US (+RM6 billion), followed by Singapore (+RM4.8 billion), Mexico (+RM2.5 billion), Taiwan (+RM2.2 billion), Thailand (+RM959.3 million), Australia (+RM634.5 million) and Indonesia (+RM621.5 million). Moreover, higher imports were mainly contributed from the US (+RM9.7 billion), followed by Taiwan (+RM6.8 billion), China (+RM5.1 billion), Mexico (+RM827.8 million), Ecuador (+RM415.3 million), Vietnam (+RM388.8 million) and Kuwait (+RM300.6 million). Commenting further on exports, he said the increase was reflecting the rise in electrical & electronic products (+RM15.8 billion); machinery, equipment & parts (+RM1.5 billion); other manufactures (+RM826.9 million); processed food (+RM771 million); palm oil-based manufactured products (+RM627.7 million); and optical & scientific equipment (+RM621.9 million). Furthermore, the increase in imports was logged for electrical & electronic products (+RM21.5 billion); machinery, equipment & parts (+RM1.6 billion); transport equipment (+RM1 billion); other agriculture (+RM361.3 million); palm oil & palm-based agriculture products (+RM314.6 million); and processed food (+RM268.3 million). Adding to this, Mohd Uzir also underscored the upsurge in imports by end-use which was in accordance with higher demand for capital goods.
Business Times
20-05-2025
- Business
- Business Times
Malaysia trade jumps to near three-year high amid front-loading
[KUALA LUMPUR] Malaysia's trade rose to an almost three-year high, with exports surpassing expectations amid front-loading activity. The nation's trade jumped 18.2 per cent in April from the previous year to RM261.9 billion (S$79.1 billion), the highest monthly value recorded since August 2022, according to the Ministry of Investment, Trade and Industry. Exports rose 16.4 per cent and imports were up by 20 per cent, exceeding analysts' median estimates for gains of 7.5 per cent and 2.5 per cent, respectively. Exporters have hastened shipments to preempt US tariffs. President Donald Trump in April announced a 90-day-pause on plans to impose a 24 per cent levy on Malaysia, while imposing a 10 per cent tariff on most countries in the meantime. Malaysian officials are negotiating to bring the levies down to zero. Demand for manufactured goods, in particular electrical and electronic (E&E) products, increased by almost RM16 billion, boosting last month's exports, the ministry said in a statement. Agriculture goods, especially palm oil and palm-oil based products, also contributed to higher shipments, it said. 'We have already observed some signs of front-loading in E&E exports as firms try to soften the impact of tariffs,' Bank Negara Malaysia Governor Abdul Rasheed Ghaffour said at a briefing on May 16. 'This underscores the strong underlying demand for E&E products. We expect demand for E&E to continue, supported by Malaysia's entrenched position in the global value chain and AI-related demand.' BLOOMBERG
