Penang recorded the highest share of total trade among the states in August from Malaysia’s total trade of RM265.7 billion in the same month, according to the Department of Statistics Malaysia (DOSM).
Malaysia’s total exports increased by RM46 billion, or 48.2 per cent, to RM141.3 billion in August compared to the same month last year, with higher exports recorded in most states led by Penang (RM17.1 billion).
Johor recorded exports worth RM14.7 billion, Selangor (RM4.7 billion), Sarawak (RM4.1 billion), Kuala Lumpur (RM2.2 billion), Kedah (RM1.7 billion), Sabah (RM.756.3 million), Melaka (RM733,1 million), Negri Sembilan (RM318.9 million), Kelantan (RM259.7 million), Pahang (RM153.7 million) and Perlis (RM60.6 million).
However, exports decreased in Perak by RM371.2 million, Terengganu (minus RM316.6 million), and Labuan (minus RM87.8 million), the department said.
Among the top five major exporting states, Pulau Pinang remained the top exporter with a share of 29.9 per cent, followed by Johor (23.4 per cent), Selangor (17.5 per cent), Sarawak (8.4 per cent), and Kuala Lumpur (5.3 per cent).
At the same time, DOSM highlighted those imports also increased RM50.2 billion, or 67.6 per cent, in August to RM124.4 billion compared to the same month in 2021.
The increase in imports was due to the higher imports by all states, led by Johor, with an increase of RM14.2 billion, it noted.
This was followed by Selangor (RM10.6 billion), Pulau Pinang (RM8.9 billion), Kuala Lumpur (RM6.6 billion), Negri Sembilan (RM2.1 billion), Melaka (RM1.9 billion), Kedah (RM1.5 billion), Sarawak (RM920.6 million), Pahang (RM888.5 million), Perak (RM821.7 million), Sabah (RM538.3 million), Labuan (RM294.2 million), Terengganu (RM174.7 million), Perlis (RM74.5 million) and Kelantan (RM26.3 million).
Malaysia’s total trade continued to record substantial growth in August 2022, increasing by 56.7 per cent to reach RM265.7 billion as compared to RM169.6 billion in the preceding year, as reported earlier.
Exports expanded by 48.2 per cent to RM141.3 billion in August 2022. Imports amounted to RM124.4 billion rose by 67.6 per cent year-on-year (y-o-y).
Trade balance continued to record a surplus, with a value of RM16.9 billion, however, declined by 19.9 per cent y-o-y.
Comparing to July 2022, total trade, exports, imports and trade balance increased by 5.2 per cent, 5.4 per cent, 5.0 per cent and 8.6 per cent, respectively.
For the period of January to August 2022, total trade grew by 33.1 per cent, supported by the expansion in exports (+30.3%) as well as imports (+36.7%) while trade surplus grew by 3.7 per cent.
