The export unit value index grew 0.2 per cent in December 2021 as compared with the previous month, contributed by the increases in index of animal & vegetable oils & fats (+3.4%), machinery & transport equipment (+0.8%) and chemicals (+0.8%), the Department Of Statistics of Malaysia (DOSM) said
It said that likewise, the export volume index grew 10.1 per cent in the same month, reflected by the increases in index of machinery & transport equipment (+21.5%), chemicals (+9.3%) and miscellaneous manufactured articles (+7.7%).
It said that the seasonally adjusted export volume index rose 6.0 per cent from 162.2 points to 172.0 points. On annual comparison, both export unit value and volume index grew 15.8 per cent and 11.6 per cent, respectively
On imports, DOSM said that the import unit value index also grew 0.2 per cent in December 2021 as compared with the previous month, attributed to the increases in index of animal & vegetable oils & fats (+7.0%), machinery & transport equipment (+0.5%) and manufactured goods (+0.5%).
On the other hand, DOSM said that the import volume index dropped by 0.6 per cent in December 2021 as compared to the preceding month, attributed by the deterioration in index of animal & vegetable oils & fats (-25.9%), mineral fuels (-23.9%) and inedible crude materials (-2.2%). The seasonally adjusted import volume index in December 2021 decreased by 1.0 per cent from 168.7 points to 166.8 points. On a year-on-year basis, both the import unit value and volume indices expanded 8.4 per cent and 14.1 per cent, respectively
On Malaysia’s terms of trade, DOSM said that it increased by 0.04 per cent m-o-m to 107.1 points in December 2021. Malaysia’s terms of trade performance sustained growth at 6.9 per cent from 100.2 points in December of previous year.
