Malaysia’s January 2021 Export and Import Unit Worth Indices File Highest Development in 12 Months | Cash

In contrast with the earlier 12 months, Chief Statistician Datuk Seri Mohd Uzir Mahidin mentioned the export unit worth index fell by 1.9 p.c, whereas the export quantity index rose by 8 p.c. , 7 p.c. – Photograph Reuters

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KUALA LUMPUR, March 4 – Malaysia’s export and import unit worth indices in January 2021 noticed the strongest optimistic development previously 12 months, growing by 1.6% and 0.7% respectively on a month-to-month foundation, mentioned the Division of Statistics Malaysia (DoSM).

Chief statistician Datuk Seri Mohd Uzir Mahidin mentioned that the export unit worth index continued to keep up the optimistic pattern for 5 consecutive months, whereas the import unit worth index confirmed an analogous pattern from December 2020.

This was reported within the DoSM Overseas Commerce Indices (2010 = 100), January 2021, which presents the unit worth and quantity index by sections for exports and imports of products.

“The export unit worth index registered a optimistic development of 1.6% in January 2021, due to the expansion of the index of mineral fuels (8.5%), animal and vegetable oils and fat ( 6.4%) and chemical substances (0.8%). hundred).

However, the export quantity index decreased by 7.9% in comparison with the earlier month, which was attributable to the weak efficiency of the index of animal and vegetable oils and fat (-49.7%), mineral fuels (-19.3%) and manufactured merchandise. items (-8.4%).

“The seasonally adjusted export quantity index fell 7.3 p.c from 154.0 factors to 142.8 factors,” mentioned Mohd Uzir.

In contrast with the earlier 12 months, he mentioned the export unit worth index fell 1.9 p.c, whereas the export quantity index rose 8.7 p.c.

Relating to imports, Mohd Uzir mentioned the unit worth index of imports rose 0.7 p.c in January 2021 from the earlier month.

“Development was pushed by a greater efficiency within the index for mineral fuels (7.7%), chemical substances (0.5%) and manufactured merchandise (0.4%).

“However, the import quantity index contracted by 3.3%, which is defined by the weak point of the index of miscellaneous manufactured articles (-10.2%), chemical substances (- 7.1%) and equipment and transport gear (- 3.9%).

“The seasonally adjusted import quantity index in January 2021 fell 2%, from 146.1 factors to 143.1 factors,” he famous.

On an annual foundation, he mentioned the unit import worth index declined 3.2 p.c whereas the import quantity index elevated 4.6 p.c.

The DoSM additionally reported that Malaysia’s phrases of commerce rose 0.9% month-on-month, from 100.2 factors to 101.1 factors in January 2021.

On an annual foundation, Malaysia’s phrases of commerce additionally remained optimistic at 1.3 p.c from 99.8 factors in January of the earlier 12 months, he added. – Bernama

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