The export volume index increased 7.7% in August 2022 compared with July, contributed by the rise in miscellaneous manufactured articles (11.9%), machinery and transport equipment (7.9%), as well as mineral fuels (7.8%).
The Department of Statistics Malaysia (DOSM) released its findings in its Malaysia External Trade Indices, August 2022 report today which showed the seasonally adjusted export volume index increased by 16.5% to 188.8 points in August, from 162.1 points in July.
However, the export unit value index fell 2.2% in August 2022 versus the previous month, attributed to decreases in the index of animals and vegetable oils and fats (18.4%), mineral fuels (1.5%), and manufactured goods (0.6%), it said in a statement.
DOSM said the import volume index rose 7.1% in August against July, contributed by the rise in mineral fuels (27.3%), miscellaneous manufactured articles (9.4%), and machinery and transport equipment (2.4%).
The seasonally adjusted import volume index increased 9.1% to 213.7 points in August 2022, from 195.8 points in July 2022.
The import unit value index fell 1.9% in August 2022 versus the previous month, attributed to the decreases in mineral fuels (10.1%), animals and vegetable oils and fats (4.2%), as well as chemicals (0.4%).
Terms of trade
Malaysia’s terms of trade (the ratio of an index of a country’s export prices to an index of its import prices) eased in August 2022, fell by 0.2 per cent month-on-month to 111.9 points, contributed by the falls in the index of animal & vegetable oils & fats (-14.8%), manufactured goods (-0.5%) and machinery & transport equipment (-0.1%).
On a y-o-y basis, Malaysia’s terms of trade performance showed a positive growth of 6.0 per cent from 105.6 points in August of previous year.
