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Total Trade Registers Double Digit Growth In April [03-06-2011]  
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Malaysia recorded a year-on year growth of 10.3 per cent in total trade to RM104.58 billion in April compared with RM94.776 billion registered previously, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.

Exports expanded 11.1% to RM57.80 billion, from RM52.02 billion recorded in April 2010, while imports grew 9.4% to RM46.79 billion, against RM42.76 billion, previously, he said in a statement on preliminary external trade statistics for April.

A RM11.01 billion trade surplus was recorded in April, making it the 162th consecutive month of trade surplus registered, since November 1997.

Compared with March 2011, exports decreased 6.6%, while imports were 7.4% lower with total trade declining 7.0%.

For the cumulative four-months period, total trade increased 8.6% to RM405.54 billion, supported by strong growth in exports of 6.4% to RM224.16 billion, and imports of 11.6% to RM181.38 billion over the same period last year.

Major items that contributed to the significant export increase in April were electrical & electronic products (RM19.85 billion), liquefied natural gas worth RM4.26 billion, palm oil (RM4.84 billion), refined petroleum products (RM3.01 billion), crude rubber (RM1.47 billion), optical and scientific equipment (RM1.83 billion) as well as chemicals and chemical products (RM3.64 billion).

Singapore, China, Japan, the United States and Thailand were the top five export markets, accounting for 50.4% of Malaysia's total exports in April.

Asean member countries accounted for RM14.49 billion or 25.1% of total exports during the month in review.

Meanwhile, among major imports in April were electrical & electronic products worth RM14.54 billion, chemicals and chemical products (RM4.56 billion), machinery appliances & parts (RM3.72 billion), manufactures of metal (RM3.08 billion) and refined petroleum products (RM2.67 billion).

Top importers were China, Singapore, Japan, the United States and Thailand.

Meanwhile, Asean member countries accounted for RM50.86 billion or 16.6% of total imports in April.

Source:MALAYSIA SMEā„¢ ONLINE
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