The export unit value index grew 2.1 per cent in February 2022 as compared with the previous month, supported by the increases in the index of mineral fuels (+8.0%), animal & vegetable oils & fats (+2.2%) and machinery & transport equipment (+0.7%), Department of Statistics of Malaysia (DOSM) said
Meanwhile, it said that the export volume index fell 9.8 per cent in the same month, reflected by the deterioration in the index of manufactured goods (-14.9%), machinery & transport equipment (-12.2%) and miscellaneous manufactured articles (-10.9%).
The seasonally adjusted export volume index grew 2.8 per cent from 155.6 points to 160.0 points. On an annual comparison, both export unit value and volume index continued to expand 16.4 per cent and 0.3 per cent, respectively.
On imports, DOSM said that the import unit value index grew 1.3 per cent in February 2022 as compared with the previous month, contributed by the improvement in the index of mineral fuels (+9.0%), animal & vegetable oils & fats (+1.2%) and chemicals (+0.2%).
However, it said that the import volume index fell by 12.0 per cent in February 2022 as compared to the previous month, attributed to the deterioration in the index of manufactured goods (-16.3%), machinery & transport equipment (-13.1%) and chemicals (-10.4%).
“The seasonally adjusted import volume index in February 2022 increased by 0.4 per cent from 169.7 points to 170.3 points. On a year-on-year basis, both the import unit value and volume indices expanded 7.5 per cent and 10.1 per cent, respectively,” DOSM said.
Terms of trade Malaysia’s terms of trade increased by 0.8 per cent month-on-month to 109.9 points in February 2022. “On a y-o-y basis, Malaysia’s terms of trade performance showed positive growth of 8.3 per cent from 101.5 points in February of previous year,” DOSM said
