Malaysia's total trade in October rose 0.6 per cent to RM113 billion
from the RM112 billion registered in the same month of last year, the Ministry
of International Trade and Industry (Miti) said.
The increase in total trade was
contributed mainly by higher trade with Asean which increased by RM3.1 billion,
Australia (RM889.8 million) and South Korea (RM736 million).
Miti said in a statement today
that exports were valued at RM61.29 billion, a decrease of 3.2 per cent when
compared with October 2011, while imports was higher by 5.7 per cent to RM51.71
billion.
"Exports performance in
October 2012 was still impacted by the Euro Zone crisis and the slower growth
momentum in China and India," it added.
Compared with September 2012,
exports in October increased by 1.8 per cent, but imports and total trade was
lower by 3.8 per cent and 0.8 per cent, respectively.
The ministry said exports to
Asean increased by 8.9 per cent to RM17.2 billion, accounting for 28.1 per cent
of Malaysia's total exports.
Exports to the US continued to
register positive growth for the sixth consecutive month since May 2012, with a
11 per cent increase to RM5.55 billion compared with October.
Total exports to China decreased
by 15.3 per cent to RM7.16 billion, due mainly to lower exports of agricultural
goods especially palm oil and crude rubber.
Exports to Japan in October
decreased by 14.4 per cent to RM6.46
billion, owing to lower exports
of liquefied natural gas.
Total imports in October
increased by 5.7 per cent to RM51.71 billion from October of last year.
Miti said the country's total
trade in the first ten months of 2012 had surpassed the one trillion mark, at
RM1.096 trillion, an increase of four per cent from the corresponding period of
2011.
Despite the challenging global
trading environment, exports increased by 1.1 per cent to RM586.79 billion,
while imports rose by 7.4 per cent to RM508.95 billion, resulting in a trade
surplus of RM77.84 billion.
Growth in trade was mostly
supported by regional markets in Asia, Miti said.
Bernama
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