Malaysia’s total trade for December 2023 amounted to RM225.1 billion with exports and imports recorded RM118.5 billion and RM106.7 billion, respectively.
Exports was valued at RM118.5 billion in December 2023, decreased RM13.2 billion (-10.0%) as compared to the same month of the previous year. The decrease in exports was attributed to the lower exports in most states such as Johor (-RM5.0 billion), Penang (-RM3.3 billion), Selangor (-RM3.0 billion), F.T. Labuan (-RM2.1 billion), Sarawak (-RM904.8 million), Perak (-RM569.0 million), Melaka (-RM529.7 million), Sabah (-RM186.8 million), Negeri Sembilan (-RM125.3 million), Kelantan (-RM74.4 million) and Perlis (-RM16.6 million).
However, exports increased in Kedah by RM850.4 million, Terengganu (+RM673.6 million), F.T. Kuala Lumpur (+RM539.8 million) and Pahang (+RM58.0 million).
Penang remained as the top exporter with 31.5 per cent share, followed by Selangor (17.4%), Johor (17.2%), Sarawak (9.4%) and W.P. Kuala Lumpur (5.6%).
At the same time, imports in December 2023 increased RM3.0 billion (+2.9%) as compared to the same month in 2022. The increase in imports was attributed by the higher imports in most states such as Johor (+RM1.6 billion), W.P. Kuala Lumpur (+RM1.5 billion), Pulau Pinang (+RM926.0 million), Negeri Sembilan (+RM343.0 million), Pahang (+RM308.9 million), Terengganu (+RM183.3 million), Kelantan (+RM139.8 million) dan W.P. Labuan (+RM16.0 million). However, imports decreased in Sarawak by RM588.1 million, Melaka (-RM462.1 million), Selangor (-RM292.1 million), Perak (-RM268.5 million), Sabah (-RM184.3 million), Kedah (-RM113.3 million) and Perlis (-RM21.9 million).
Selangor continued to dominate Malaysia’s imports with a share of 26.2 per cent, followed by Pulau Pinang (22.0%) Johor (21.8%), W.P. Kuala Lumpur (7.8%) and Kedah (5.5%).
