Post on 04-May-2020
1MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
VOLUME 538
MINISTRY OF INTERNATIONAL TRADE AND INDUSTRYWeekly
B U L L ET I N11 June 2019 | NO. ISSN : 2180-0448
Med
ia R
elea
se
TRADE PERFORMANCE FOR APRIL 2019 AND THE PERIOD OF JANUARY-APRIL 2019
Trade Rebounded in April 2019
Malaysia’s trade in April 2019 expanded by 2.6% to RM159.55 billion compared to April 2018. Higher trade was recorded with ASEAN, Australia, Saudi Arabia, Taiwan, the United States (US), Japan, India and China.
Exports increased by 1.1% to RM85.2 billion after registering 2 consecutive year-on-year (y-o-y) declines since February 2019. This was also the highest export value ever recorded for the month of April. Imports rose by 4.4% to RM74.35 billion. Trade surplus was RM10.86 billion, lower by 16.6% and was the 258th consecutive month of trade surplus since November 1997.
On a month-on-month (m-o-m) basis, total trade, exports and imports increased by 3.8%, 1.4% and 6.7%, respectively. Trade surplus contracted by 24.5%.
In the first 4 months of 2019, total trade was still marginally lower by 0.4% to RM594.72 billion compared to the same period of 2018. Exports amounted to RM321.26 billion, a decrease of 0.2% while imports slipped by 0.7% to RM273.45 billion. Trade surplus grew by 3.1% to RM47.81 billion during the period.
Export Performance of Major Sectors
Exports of Manufactured Goods Expanded by RM1.94 billion in April 2019
Exports of manufactured goods in April 2019 which accounted for 85.1% of total exports expanded by 2.7% to RM72.49 billion. This was contributed by higher exports of electrical and electronic (E&E) products, petroleum products, optical and scientific equipment, iron and steel products as well as processed food.
Exports of mining goods (7.8% share) was recorded lower by 1.5% to RM6.66 billion, mainly as a result of lower exports of crude petroleum due to lower volume. Exports of liquefied natural gas (LNG) however increased,
attributed to an expansion in volume and Average Unit Value (AUV).
Exports of agriculture goods (6.4% share) fell by 9.3% to RM5.45 billion. This was mainly on account of lower exports of palm oil and palm oil-based agriculture products, primarily palm oil which decreased by 17.3% to RM3.07 billion following lower volume and AUV.
Major exports in April 2019:
•E&E products, valued at RM33.1 billion and constituted 38.9% of total exports, increased by 3.9% from April 2018; •Petroleum products, RM7.14 billion, 8.4% of total exports, increased by 11.6%;•Chemicals and chemical products, RM4.76 billion, 5.6% of total exports, increased by 3.9%;•Manufactures of metal, RM3.63 billion, 4.3% of total exports, decreased by 23%; and•LNG, RM3.6 billion, 4.2% of total exports, increased by 26.3%.
Compared to March 2019, exports of manufactured goods rose by 2.4% while exports of mining and agriculture goods declined by 7.6% and 0.4%, respectively.
During the first 4 months of 2019, exports of manufactured goods grew by 0.9% to RM269.39 billion compared to the same period of 2018, owing to an increase in exports of E&E products, chemicals and chemical products, optical and scientific equipment, iron and steel products, jewellery as well as processed food. Exports of mining goods increased by 2.5% to RM28.63 billion, supported by higher exports of LNG. Exports of agriculture goods fell by 11.7% to RM21.04 billion, as a result
2MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Med
ia R
elea
seof lower exports of palm oil and palm oil-based agriculture products.
Trade Performance with Major Markets
Trade with ASEAN Expanded in April 2019
Trade with ASEAN in April 2019 which accounted for 26.5% of Malaysia’s total trade or RM42.23 billion, grew by 2% y-o-y. Exports to ASEAN expanded by 7.2% to RM25.63 billion, boosted by higher exports of E&E products, petroleum products (refined petroleum products), iron and steel products, petroleum condensates and other petroleum oil as well as machinery, equipment and parts. Imports from ASEAN contracted by 5.1% to RM16.6 billion.
Breakdown of exports to ASEAN countries:•Singapore RM12.21 billion, increased by 11.3%•Thailand RM5.17 billion, ↑1.2%•Viet Nam RM3.39 billion, ↑16.9% •Indonesia RM2.68 billion, ↓3.0%•Philippines RM1.49 billion, ↓0.7%•Cambodia RM268.5 million, ↑42.1% •Brunei RM222.9 million, ↑14.3%•Myanmar RM197.7 million, ↓27.4%•Lao PDR RM2.7 million, ↓10.5%
Exports to major markets in ASEAN that recorded expansion were Singapore, which increased by RM1.24 billion due to higher exports of petroleum products, Thailand (↑RM59.5 million, E&E products) and Viet Nam (↑RM491.3 million, E&E products).
On a m-o-m basis, trade and exports rose by 2.7% and 8.6% respectively, while imports were down by 5.3%.
In January-April 2019, trade with ASEAN was lower by 2.6% to RM158.2 billion compared to the same period of 2018. Exports to this region expanded by 1.4% to RM92.93 billion, supported by higher exports of E&E products, LNG, iron and steel products, optical and scientific equipment as well as petroleum condensates and other petroleum oil. Imports were lower by 7.8% to RM65.27 billion.
Trade with China Picked Up in April 2019
In April 2019, trade with China which made up 16.7% of Malaysia’s total trade rose by 1.4% y-o-y to RM26.63 billion. Exports contracted by 6.9% to RM11.55 billion underpinned by lower exports of E&E products, petroleum products as well as metalliferous ores and metal scrap. However, increases in exports were recorded for optical and scientific equipment, LNG, paper and pulp products, iron and steel products as well as processed food. Imports from China was up by 8.8% to RM15.08 billion.
Compared to March 2019, trade and imports were higher by 4.7% and 9.6% respectively, while exports were down by 1.1%.
Trade with China in January to April 2019 rose by 3.6% to RM98.65 billion compared to the same period of 2018. Exports to China expanded by 2.8% to RM42.75 billion, attributed to higher exports of LNG, chemicals and chemical products, palm oil and palm oil-based agriculture products, iron and steel products as well as paper and pulp products. Imports from China totalled RM55.91 billion, 4.3% higher from April 2018.
Exports of E&E to the EU Increased in April 2019
Total trade with the European Union (EU) which comprised 9.7% of Malaysia’s total trade in April 2019, shrank by 4.3% y-o-y to RM15.45 billion. Exports slipped by 8.6% to RM8.16 billion on account of lower exports of manufactures of metal, palm oil and palm oil-based agriculture products, chemicals and chemical products, textiles, apparels and footwear as well as iron and steel products. However, increase in exports was recorded for E&E products by 5.3%, accounting for 51.7% of Malaysia’s total exports to the EU. Other products which registered growth in exports were optical and scientific equipment, machinery, equipment and parts, petroleum products as well as processed food. Imports from the EU increased by 1% to RM7.29 billion.
Among the top 10 EU markets which accounted for 91.1% of Malaysia’s total exports to the EU, exports to 6 countries recorded increases namely, Germany (↑0.8%), the United Kingdom (UK) (↑9.4%), France (↑6%), Belgium (↑4.3%), Hungary (↑3%) and Slovenia (↑56.3%).
On a m-o-m basis, imports expanded by 4.9% while trade and exports were lower by 0.7% and 5.3%, respectively.
For the first 4 months of 2019, trade with the EU dipped by 3.5% to RM59.66 billion compared to the same period of 2018. Exports contracted by 1.7% to RM33.19 billion on lower exports of manufactures of metal, palm oil and palm oil-based agriculture products, iron and steel products as well as textiles, apparels and footwear. Meanwhile, increases in exports were recorded for E&E products, petroleum products, machinery, equipment and parts as well as optical and scientific equipment. Imports from the EU contracted by 5.7% to RM26.46 billion.
Manufactured Goods Boosted Exports to the US
Trade with the US in April 2019 grew by 3.4% y-o-y to RM13.27 billion, constituting 8.3% of Malaysia’s total trade. Exports expanded by 3.1%
3MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Med
ia R
elea
seto RM7.72 billion on the back of higher exports of manufactured goods which made up 98% of total exports to the US. Increased exports were recorded for E&E products, optical and scientific equipment, manufactures of metal, processed food as well as rubber products. Imports from the US expanded by 3.9% to RM5.55 billion.
Compared to March 2019, exports grew by 1.1% while trade and imports decreased by 1.4% and 4.7%, respectively.
During the first 4 months of 2019, trade with the US was valued at RM51.19 billion, an increase of 1.5% compared to the same period of 2018. Exports expanded marginally by 0.03% to RM29.62 billion due to higher exports of E&E products, optical and scientific equipment, rubber products, manufactures of plastics, wood products as well as processed food. Imports from the US was higher by 3.5% to RM21.57 billion.
Exports to Japan Up by 7.7% in April 2019
In April 2019, trade with Japan which accounted for 6.9% of Malaysia’s total trade increased by 4.1% y-o-y to RM11.03 billion. Exports surged by 7.7% to RM5.41 billion after registering 5 consecutive y-o-y declines since November 2018, driven mainly by a rise in exports of LNG. Other products which registered increases in exports were processed food, iron and steel products, transport equipment, metalliferous ores and metal scrap, non-metallic mineral products as well as machinery, equipment and parts. Imports from Japan grew by 0.8% to RM5.63 billion.
On a m-o-m basis, trade and imports rose by 0.6% and 11.4% respectively, while exports contracted by 8.6%.
For the period of January to April 2019, trade with Japan declined by 2.9% to RM43.69 billion compared to the same period of 2018. Exports to Japan contracted by 3.6% to RM23.39 billion on lower exports of LNG, crude petroleum as well as optical and scientific equipment. Higher exports however were registered for transport equipment, processed food as well as non-metallic mineral products. Imports from Japan slipped by 2% to RM20.3 billion.
Trade with FTA Partners
In April 2019, trade with Free Trade Agreement (FTA) partners which accounted for 61.3% of Malaysia’s total trade expanded by 2.7% to RM97.74 billion. Exports to FTA partners amounted to RM51.97 billion, an increase of 2.4% y-o-y and imports rose by 3.2% to
RM45.77 billion.
Increases in exports were recorded to India, up by 6.7% to RM3.2 billion, attributed mainly to higher exports of palm oil and palm oil based agriculture products, Republic of Korea (ROK) (↑5.7% to RM2.47 billion, LNG), Australia (↑4.2% to RM2.3 billion, petroleum products) and Chile (↑36.3% to RM92.2 million, chemicals and chemical products).
Compared to March 2019, trade, exports and imports rose by 3.1%, 0.6% and 6.1%, respectively.
Trade with FTA partners for the first 4 months of 2019 which accounted for 61.8% of Malaysia’s total trade reduced by 0.9% to RM367.36 billion. Exports during this period amounted to RM197.21 billion, an increase of 0.5% while imports totalled RM170.15 billion, a decline of 2.4%.
Import Performance
Total imports in April 2019 grew by 4.4% y-o-y to RM74.35 billion from RM71.23 billion in April 2018. The three main categories of imports by end use which accounted for 75.6% of total imports were: •Intermediate goods, valued at RM40.73 billion or 54.8% share of total imports, increased by 20.3%, following higher imports of processed industrial supplies, particularly aluminium and articles thereof;
•Capital goods, valued at RM8.87 billion or 11.9% of total imports, up by 5.7%, due mainly to higher imports of capital goods (except transport equipment) particularly electrical machinery, equipment and parts; and
•Consumption goods, valued at RM6.62 billion or 8.9% of total imports, surged by 18.9%, as a result of higher imports of non-durables mainly for essential oils and resinoids; perfumery, cosmetic or toilet preparations.
During January-April 2019, imports valued at RM273.45 billion, a decline of 0.7% from the same period of 2018. Intermediate goods totalled RM148.09 billion, increased by 4.9%, capital goods (RM32.76 billion, ↓6.1%) and consumption goods (RM23.59 billion, ↑5.5%).
Ministry of International Trade and Industry
4MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Mal
aysi
a St
atis
tics
Source: Department of Statistics, Malaysia
Malaysia External Trade Statistics, April 2019
Exports and Imports rebounded to record increases of 1.1% and 4.4% respectively
Malaysia's Trading Partners
Malaysia's Export by Sectors
TopFive
Total Trade Change %
Apr 2019:RM26.6bil.Apr 2018:RM26.3bil. 1.41 PRCApr 2019:RM19.1bil.Apr 2018:RM19.1bil. 0.22 SingaporeApr 2019:RM13.3bil.Apr 2018:RM12.8bil. 3.43 USA
Apr 2019:RM11.0bil.Apr 2018:RM10.6bil. 4.14 JAPAN
Apr 2019:RM8.9bil.Apr 2018:RM8.8bil. 0.65 Thailand
2.7%Apr 2019:RM72.5bil.Apr 2018:RM70.5bil.
1.5%Apr 2019:RM6.7bil.Apr 2018:RM6.8bil.
9.3%Apr 2019:RM5.5bil.Apr 2018:RM6.0bil.
35.1%Apr 2019:RM0.6bil.Apr 2018:RM0.9bil.
Note: % - Year-on-Year Growth
5MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.myMITI Weekly Bulletin | www.miti.gov.my
Mal
aysi
a St
atis
tics
Mal
aysi
a St
atis
tics
Major Export Destinations
Singapore RM12.2bil. 11.3%
PRC RM11.5bil.
USA RM7.7bil.
Hong KongRM6.4bil.
JapanRM5.4bil.
6.9% 3.1% 0.1% 7.7%
April2019
Major Import Sources
PRC RM15.1bil. 8.8% Singapore RM6.9bil.
Japan RM5.6bil.
USARM5.6bil.
Chinese TaipieRM5.1bil.
15.7%
0.8%
3.9% 3.1%
April2019
Malaysia Exernal Trade Statistics, April 2019
Source: Department of Statistics, Malaysia
Note: % - Year-on-Year Growth
6MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.myMITI Weekly Bulletin | www.miti.gov.my
Mal
aysi
a St
atis
tics
Wholesale & Retail Trade, April 2019
Sales Value of Wholesale & Retail Trade
Volume Index of Wholesale & Retail Trade
Source: Department of Statistics, Malaysia
Note: % - Year-on-Year Growth
7MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.myMITI Weekly Bulletin | www.miti.gov.my
Notes : HS6D, 401519Source:http://www.trademap.org/Index.aspx
Malaysia as the Largest Exporter of Gloves, Mittens and Mitts, 2018
Malaysia USD 4,010.2Million
1
PRC USD 383.3Million
Thailand USD 892.4 Million
2
Belgium USD 138.0 Million
Indonesia USD 271.6 Million
3
4
5
United StatesUSD 1,388.4 Million
United KingdomUSD 166.9 Million
JapanUSD 252.2 Million
GermanyUSD 311.7 Million
Top Five Countries Importing from Malaysia
International Report
1
2
3
4
ChinaUSD 150.2 Million
5
8MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Number and Value of Preferential Certificates of Origin (PCOs)
Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia
0
20
40
60
80
100
120
140
0
50
100
150
200
250
300
350
10 M
ar
17 M
ar
24 M
ar
31 M
ar
7 A
pr
14 A
pr
21 A
pr
28 A
pr
5 M
ay
12 M
ay
19 M
ay
26 M
ay
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Generalised System of Preferences (GSP)
Total FOB (RM mil.) Total CO
Note: The preference giving countries under the GSP scheme are Liechtenstein, the Russian Federation, Japan, Switzerland, Belarus, Kazakhstan and Norway.
Number and Value of Preferential Certificates of Origin (PCOs)
0
1,000
2,000
3,000
4,000
5,000
6,000
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
50,00010
Mar
17 M
ar
24 M
ar
31 M
ar
7 A
pr
14 A
pr
21 A
pr
28 A
pr
5 M
ay
12 M
ay
19 M
ay
26 M
ay
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN Trade in Goods Agreement (ATIGA)
Total FOB (RM mil.) Total CO
0
500
1,000
1,500
2,000
2,500
3,000
0
200
400
600
800
1,000
1,200
1,400
10 M
ar
17 M
ar
24 M
ar
31 M
ar
7 A
pr
14 A
pr
21 A
pr
28 A
pr
5 M
ay
12 M
ay
19 M
ay
26 M
ay
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-China Free Trade Agreement (ACFTA)
Total FOB (RM mil.) Total CO
0
200
400
600
800
1,000
1,200
0
200
400
600
800
1,000
1,200
1,400
10 M
ar
17 M
ar
24 M
ar
31 M
ar
7 A
pr
14 A
pr
21 A
pr
28 A
pr
5 M
ay
12 M
ay
19 M
ay
26 M
ay
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-Korea Free Trade Agreement (AKFTA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
0
20
40
60
80
100
120
140
160
10 M
ar
17 M
ar
24 M
ar
31 M
ar
7 A
pr
14 A
pr
21 A
pr
28 A
pr
5 M
ay
12 M
ay
19 M
ay
26 M
ay
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-Japan Comprehensive Economic Partnership (AJCEP)
Total FOB (RM mil.) Total CO
0
100
200
300
400
500
600
700
800
900
0
50
100
150
200
250
300
350
10 M
ar
17 M
ar
24 M
ar
31 M
ar
7 A
pr
14 A
pr
21 A
pr
28 A
pr
5 M
ay
12 M
ay
19 M
ay
26 M
ay
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-India Free Trade Agreement (AIFTA)
Total FOB (RM mil.) Total CO
0
200
400
600
800
1,000
1,200
0
50
100
150
200
250
300
10 M
ar
17 M
ar
24 M
ar
31 M
ar
7 A
pr
14 A
pr
21 A
pr
28 A
pr
5 M
ay
12 M
ay
19 M
ay
26 M
ay
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA)
Total FOB (RM mil.) Total CO
9MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Number and Value of Preferential Certificates of Origin (PCOs)Number and Value of Preferential Certificates of Origin (PCOs)
0
200
400
600
800
1,000
1,200
0
50
100
150
200
250
300
10 M
ar
17 M
ar
24 M
ar
31 M
ar
7 A
pr
14 A
pr
21 A
pr
28 A
pr
5 M
ay
12 M
ay
19 M
ay
26 M
ay
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Japan Economic Partnership Agreement (MJEPA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
0
20
40
60
80
100
120
140
160
180
10 M
ar
17 M
ar
24 M
ar
31 M
ar
7 A
pr
14 A
pr
21 A
pr
28 A
pr
5 M
ay
12 M
ay
19 M
ay
26 M
ay
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Pakistan Closer Economic Partnership Agreement (MPCEPA)
Total FOB (RM mil.) Total CO
0
1
2
3
4
5
6
7
8
9
10
0.00
0.20
0.40
0.60
0.80
1.00
1.20
10 M
ar
17 M
ar
24 M
ar
31 M
ar
7 A
pr
14 A
pr
21 A
pr
28 A
pr
5 M
ay
12 M
ay
19 M
ay
26 M
ay
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-New Zealand Free Trade Agreement (MNZFTA)
Total FOB (RM mil.) Total CO
0
20
40
60
80
100
120
0
100
200
300
400
500
600
700
800
900
10 M
ar
17 M
ar
24 M
ar
31 M
ar
7 A
pr
14 A
pr
21 A
pr
28 A
pr
5 M
ay
12 M
ay
19 M
ay
26 M
ay
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Chile Free Trade Agreement (MCFTA)
Total FOB (RM mil.) Total CO
0
100
200
300
400
500
600
0
50
100
150
200
250
300
350
10 M
ar
17 M
ar
24 M
ar
31 M
ar
7 A
pr
14 A
pr
21 A
pr
28 A
pr
5 M
ay
12 M
ay
19 M
ay
26 M
ay
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
350
400
450
500
0
20
40
60
80
100
120
140
160
10 M
ar
17 M
ar
24 M
ar
31 M
ar
7 A
pr
14 A
pr
21 A
pr
28 A
pr
5 M
ay
12 M
ay
19 M
ay
26 M
ay
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Australia Free Trade Agreement (MAFTA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
350
400
450
0
50
100
150
200
250
300
10 M
ar
17 M
ar
24 M
ar
31 M
ar
7 A
pr
14 A
pr
21 A
pr
28 A
pr
5 M
ay
12 M
ay
19 M
ay
26 M
ay
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Turkey Free Trade Agreement (MTFTA)
Total FOB (RM mil.) Total CO
Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia
10MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Source : Bank Negara Malaysia
Malaysian Ringgit Exchange Rate with Selected Countries,January 2018 - May 2019
US Dollar
Chinese Yuan
Thai Baht
Japenese Yen
Singapore Dollar
New Taiwan Dollar
3.9578
3.8862
4.1867 4.1709
3.70
3.75
3.80
3.85
3.90
3.95
4.00
4.05
4.10
4.15
4.20
4.25
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
2018 2019
RM
USD 1 = RM
0.6150
0.6221
0.5974
0.6086
0.59
0.59
0.60
0.60
0.61
0.61
0.62
0.62
0.63
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
2018 2019
RM
CNY 1 = RM
12.3963
12.1699
13.015413.1170
11.60
11.80
12.00
12.20
12.40
12.60
12.80
13.00
13.20
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
2018 2019
RM
THB 100 = RM
3.5615
3.78143.7930
3.40
3.45
3.50
3.55
3.60
3.65
3.70
3.75
3.80
3.85
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
2018 2019
RM
JPY 100 = RM
2.9925
2.9555
3.0453 3.0438
2.90
2.92
2.94
2.96
2.98
3.00
3.02
3.04
3.06
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
2018 2019
RM
SGD 1 = RM
13.4522
13.2323
13.5766
13.3635
12.50
12.70
12.90
13.10
13.30
13.50
13.70
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
2018 2019
RM
TWD 100 = RM
11MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
0.0%*US$330.0
(high)
7 June 2019
0.0%*US$290.0
(low)
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Iron and Steel Industry Federation, and Bloomberg.
Commodity Prices
Notes: All figures have been rounded to the nearest decimal point * Refer to % change from the previous week’s price i Average price in the year except otherwise indicated
CRUDE PETROLEUM (BRENT) -per bbl-
1.9%*US$63.3
7 June 2019
CRUDE PALM OIL -per MT-
0.7%*US$506.5
7 June 2019
RUBBER SMR 20 -per MT-
1.0%*US$1570.5
COCOA SMC 2 -per MT-
1.3%* US$1,569.1
COAL -per MT-
0.0%*US$55.6
SUGAR -per lbs-
3.3%*US$12.5
SCRAP IRON HMS -per MT-
5 Oct 2018 : US$84.2
Highest2018/2019
17 May 2019 : US$72.2
4 Jan 2019 : US$57.1 28 Dec 2018 : US$52.2
Lowest2018/2019
9 Mar 2018 : US$691.5
Highest2018/2019
22 Feb 2019 : US$567.0
4 Jan 2019 : US$503.8 23 Nov 2018 : US$448.5
Lowest2018/2019
Average Price 2018 i : US$71.5 Average Price 2018 i : US$600.1
Average Price 2018 i : US$1,371.0 Average Price 2018 i : US$1,535.6 Average Price 2018 i : US¢12.3
Average Price 2018 i : US$380.7 (high)Average Price 2018 i : US$359.6 (low)Average Price 2018 i : US$66.9
Domestic Prices7 June 2019
Steel Bars(per MT)
RM2,100– RM2,250
Billets(per MT)
RM1,950 - RM2,100
7 June 2019 7 June 2019 7 June 2019
7 June 2019
12MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Commodity Price Trends
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
1,539.2
1,623.4
1,690.3
1,680.8
1,669.7
1,609.0
1,732.5
1,696.5
1,575.4
1,598.1
1,590.4
1,569.1
1,450
1,500
1,550
1,600
1,650
1,700
1,750
22Mar 29Mar 5Apr 12Apr 19Apr 26Apr 3May 10May 17May 24May 31May 7June
US$/
mt
Cocoa
2,306
2,295
2,294
2,2732,266
2,266
2,303
2,372
2,3812,390
2,387
2,409
2,250.0
2,270.0
2,290.0
2,310.0
2,330.0
2,350.0
2,370.0
2,390.0
2,410.0
2,430.0
22Mar 29Mar 5Apr 12Apr 19Apr 26Apr 3May 10May 17May 24May31May 7June
US$
/mt
Pepper
1,494.0
1,445.0
1,500.0
1,553.0
1,509.0
1,519.5
1,523.5
1,502.5
1,520.5
1,539.5
1,555.0
1,570.5
1,420
1,440
1,460
1,480
1,500
1,520
1,540
1,560
1,580
22Mar 29Mar 5Apr 12Apr 19Apr 26Apr 3May 10May 17May 24May 31May 7June
US$
/mt
Rubber SMR 20
59.060.1
63.163.9 64.0
63.361.9 61.6
62.8
58.6
53.5 54.0
67.068.4
70.371.6 72.0 72.2
70.9 70.672.2
68.7
64.563.3
40
45
50
55
60
65
70
75
22Mar 29Mar 5Apr 12Apr 18Apr 26Apr 3May 10May 17May 24May31May 7June
US$
/bbl
Crude Petroleum
CrudePetroleum(WTI)/bblCrudePetroleum(Brent)/bbl
526.5526.0
518.0
520.5
533.5
533.0
534.0
523.1
507.5
516.5
503.0
506.5
500
505
510
515
520
525
530
535
540
22Mar 29Mar 5Apr 12Apr 19Apr 26Apr 3May 10May 17May 24May 31May 7June
US$
/mt
Crude Palm Oil
12.612.5
12.812.9
13.0
12.7
12.0
11.7
11.6
11.7
12.1
12.5
11.5
11.7
11.9
12.1
12.3
12.5
12.7
12.9
13.1
22Mar 29Mar 5Apr 12Apr 18Apr 26Apr 3May 10May 17May 24May 31May 7June
US¢
/lbs
Sugar
13MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
15.4
15.115.1
15.0
15.0
15.1
15.0
14.8
14.4
14.6
14.6
15.0
14.2
14.4
14.6
14.8
15.0
15.2
15.4
15.6
22Mar 29Mar 5Apr 12Apr 18Apr 26Apr 3May 10May 17May 24May31May 7June
US$
/oz
Silver
42.2
41.7
41.4
41.6
41.0
41.341.1
41.441.2
41.2
41.7
43.1
40.0
40.5
41.0
41.5
42.0
42.5
43.0
43.5
22Mar 29Mar 5Apr 12Apr 18Apr 26Apr 3May 10May 17May 24May31May 7June
US
$/g
Gold
Sources: Ministry of International Trade and Industry Malaysia, , Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
2,21
0
2,18
2
2,06
9
2,25
5 2,30
0
2,23
8
2,08
2
2,05
2
2,02
6
2,03
0
1,93
9
1,92
0
1,85
4
1,86
3
1,87
1
1,84
5
1,78
1
1,400
1,500
1,600
1,700
1,800
1,900
2,000
2,100
2,200
2,300
2,400
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
2018 2019
US$
/ to
nn
e
Aluminium
7,06
6
7,00
7
6,79
9
6,85
2
6,82
5 6,96
6
6,25
1
6,05
1
6,05
1 6,22
0
6,19
6
6,07
5
5,93
9
6,30
0 6,43
9
6,43
8
6,01
8
4,000
4,500
5,000
5,500
6,000
6,500
7,000
7,500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
2018 2019
US$
/ to
nne
Copper
12,865
13,5
96
13,3
93
13,9
38
14,3
66 15
,106
13,794
13,4
11
12,510
12,315
11,240
10,8
35 11,523
12,685
13,026
12,773
12,016
7,000
8,000
9,000
10,000
11,000
12,000
13,000
14,000
15,000
16,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
2018 2019
US$
/ to
nne
Nickel
Commodity Price Trends
76.34
77.46
70.35
65.75
66.10
65.04
64.56 67.15
68.44
73.41
73.26
69.15
76.16
88.22
86.47
93.70
100.15
60.0
65.0
70.0
75.0
80.0
85.0
90.0
95.0
100.0
105.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
2018 2019
US
$/d
mtu
Iron Ore
848.4
854.1
905.4
898.5
903.7903.6
874.8865.6
820.3
802.9
794.2
806.1
790.0
810.0
830.0
850.0
870.0
890.0
910.0
22Mar 29Mar 5Apr 12Apr 18Apr 26Apr 3May 10May 17May 24May 31May 7June
US
$/o
z
Platinum
380.0 380.0 380.0 380.0 380.0
350.0 350.0 350.0 350.0 350.0
320.0
330.0
330.0
330.0
350.0 350.0 350.0 350.0 350.0
330.0 330.0 330.0 330.0 330.0
280.0
290.0 290.0 290.0
250
270
290
310
330
350
370
390
8Mar 15Mar22Mar29Mar 5Apr 12Apr 19Apr 26Apr 3May10May17May24May31May 7June
US
$/m
t
Scrap Iron ScrapIron/MT(High)ScrapIron/MT(Low)
65.1
67.1
65.1
63.8
63.863.6
63.0 63.0
57.6
55.6 55.6 55.6
55.0
56.0
57.0
58.0
59.0
60.0
61.0
62.0
63.0
64.0
65.0
66.0
67.0
68.0
69.0
70.0
22Mar 29Mar 5Apr 12Apr 18Apr 26Apr 3May 10May 17May 24May 31May 7June
US
$/t
Coal
14MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
MIT
I PR
OG
RAM
MES
MITI Minister at a dialogue session with the African Heads of Mission to Malaysia,
3rd June 2019
15MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
All yo
u ne
ed t
o kn
ow...
16MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
All yo
u ne
ed t
o kn
ow...
17MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Gross Capital FormationGross capital formation is measured by the total value of the gross fixed capital formation, changes in inventories and acquisitions less disposals of valuables for a unit or sector.Source : National Accounts Source Detail : Gross Domestics Product (GDP), DOSM
Gross Capital StockGross Capital Stock is the value of all fixed assets still in use when a balance sheet is drawn up, at the actual or estimated current purchasers’ prices for new assets of the same type, irrespective of the age of the assets.Source : National Accounts Source Detail : National Accounts Capital Stock Statistics, DOSM
Gross Domestic Product (GDP) - expenditure basedConsumption Expenditure-based gross domestic product is total final expenditures at purchasers’ prices, less the f.o.b. value of imports of goods and services.Source : National Accounts Source Detail : Gross Domestics Product (GDP), DOSM
Gross Domestic Product (GDP) - income basedIncome-based gross domestic product is compensation of employees, plus taxes less subsidies on production and imports, plus gross mixed income, plus gross operating surplus.Source : National Accounts Source Detail : Gross Domestics Product (GDP), DOSM
Gross Domestic Product (GDP) - market pricesGross domestic product at market prices is the sum of the gross values added of all resident producers at market prices, plus taxes less subsidies on imports.Source : National Accounts Source Detail : Gross Domestics Product (GDP), DOSM
Gross Domestic Product (GDP) at output basedOutput-based gross domestic product is the sum of the gross values added of all resident producers at basic prices, plus all taxes less subsides on products.Source : National Accounts Source Detail : Gross Domestics Product (GDP), DOSM
Gross fixed capital formationGross fixed capital formation is measured by the total value of a producer’s acquisitions, less disposals, of fixed assets during the accounting period, plus certain additions to the value of non-produced assets (such as subsoil assets or major improvements in the quantity, quality or productivity of land) realised by the productive activity of institutional units.Source : Manufacturing Source Detail : Economic Census, DOSM
18MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Khiruddin Said Senior Director
Haslinda Mansor PA to Senior Director
Sumathi Balakrishnan Director
Ahmad Azrai Abd. Mubin Director
Conway Beddie Principal Assistant Director
Noraishah Mohd Zaid PA to Director
Peter Cheah Hee Keong Senior Principal Assistant Director
Zaharah Mohammad Izat PrincipalAssistant Director
Nurulhidaya Mohd Aluwi PrincipalAssistant Director
Nurul Dalilah Ali Principal Assistant Director
Emilda Zulkeflee SeniorAssistant Director
Nur Izzati Mohd Ghazali Assistant Director
Aiman Wong Chee Ming SeniorAssistant Director
Nik Mohamed Hussein Nik Ali Assistant Director
Nur Adani Mohd Hasran Assistant Director
Halimah Othman Senior Administrative Assistant
Rosmaliza Ab. Latif Administrative Assistant
Shafinaz Mohamad Shariff Administrative Assistant
Siti Fatiyah Mohd. Aris Operational Assistant
MITI at Your Service Multilateral Trade and Policy
19MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
For more information, kindly click the following links:http://www.miti.gov.my/index.php/pages/view/4761Vintage_English.pdf
For more information, kindly click the following links:https://www.miti.gov.my/index.php/pages/view/industry4WRD
ANNO
UNCEM
ENTS
For more information, kindly click the following links:https://www.miti.gov.my/index.php/pages/view/aki?mid=535
ANNO
UNCEM
ENTS
For more information, kindly click the following links:https://www.miti.gov.my/index.php/pages/view/industry4WRD?mid=559#tab_547_2202
20MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
For more information, kindly visit:https://www.dosm.gov.my/v1/index.php?r=column/cone&menu_id=N0FVaDR4Y1hGMk1NNi9jS2ZQRFFLZz09#
For more information, kindly visit http://www.isi2019.org/
Tentative Schedule for MITI Pocket Talks 2019
NO DATE VENUE TOPIC
1 20 June (Thursday)
MITI HQ (SEMINAR 1)
Introduction to FTA & Preferential Certificate of Origin (PCO)
2 18 July (Thursday)
MITI PAHANG
3 22 August (Thursday)
MITI HQ (SEMINAR 1)
4 19 September (Thursday) MITI PERAK
5 17 October (Thursday)
MITI HQ (SEMINAR 1)
6 14 November (Thursday)
MITI KELANTAN
ANNO
UNCEM
ENTS
21MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
In conjunction with the 62nd World Statistics Congress (WSC) of the International Statistical Institute (ISI) 62nd ISI WSC 2019 Malaysia will organize the World Stats Run 2019!
Register at: http://www.racexasia.com/event/world-stats-run-2019/
22MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Dear Readers,
Kindly click the link below for any comments in this issue. MWB reserves the right to edit and republish letters as reprints. http://www.miti.gov.my/index.php/forms/form/13
MITI Weekly Bulletin (MWB) Mobile AppsMITI MWB APPs is now available for IOS, Android and Windows platforms. MWB APPs can be download from Gallery of Malaysian Government Mobile APPs (GAMMA) at the link: http://gamma.malaysia.gov.my/#/appDetails/85