Trade Resources Economy Brief Report of Malaysia's Trade in June 2016

Brief Report of Malaysia's Trade in June 2016

According to the statistics of State Statistics Bureau in Malaysia, its volume of goods trade was USD171.95 billion from January to June in 2016, down 10.0% year-on-year (the same below). Exports fell by 10.0% to USD91.10 billion, and imports fell by 9.9% to USD80.85 billion. The trade surplus was USD10.25 billion, down 10.5%.

In June, Malaysia’s volume of goods trade fell by 3.2% to USD31.25 billion. Exports fell by 5.3% to USD16.30 billion and imports fell by 0.8% to USD14.95 billion. And the trade surplus fell by 36.7% to USD1.35 billion.

Since January to June, bilateral trade volume between Malaysia and China fell by 9.2% to USD26.60 billion. Malaysia’s exports to China fell by 18.7% to USD10.35 billion. It accounted for 11.4% of Malaysia’s overall export, down 1.2%. And Malaysia’s imports from China fell by 2.1% to USD16.25 billion. It accounted for 20.1% of Malaysia’s overall imports, up 1.6% over the previous year. Malaysia’s trade deficit with China grew by 52.5% to USD5.90 billion.

China was the second largest export market of Malaysia and its largest source of imports just after Singapore up to June in 2016.

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