Malaysia’s total trade for January 2024 amounted to RM234.7 billion with exports and imports recorded RM122.4 billion and RM112.3 billion, respectively as reported today (Feb 28) in the Department of Statistics Malaysia (DOSM) Export Import Statistics By State January 2024.
Chief Statistician of Malaysia Dato’ Sri Dr. Mohd Uzir Mahidin said exports were valued at RM122.4 billion in January 2024, increased RM9.8 billion (+8.7%) as compared to the same month of the previous year.
“The increase in exports were attributed to the higher exports in most states such as Johor (+RM5.6 billion), Selangor (+RM3.3 billion), Kedah (+RM1.2 billion), Sarawak (+RM1.2 billion), Perak (+RM640.1 million), Pahang (+RM609.8 million), Terengganu (+RM308.1 million), W.P. Kuala Lumpur (+RM92.3 million) and Kelantan (+RM82.8 million).
However, exports decreased in Penang by RM2.0 billion, W.P. Labuan (-RM1.1 billion), Sabah (-RM196.9 million), Melaka (-RM188.5 million), Negeri Sembilan (-RM130.7 million) and Perlis (-RM11.6 million).
Penang remained as the top exporter with 28.2 per cent share, followed by Johor (22.4%), Selangor (18.0%), Sarawak (8.7%) and W.P. Kuala Lumpur (4.5%).
Looking at the performance of imports by state, Mohd Uzir said imports in January 2024 increased RM17.8 billion (+18.8%) as compared to the same month in 2023.
The increase in imports was attributed by the higher imports in most states such as Johor (+RM7.0 billion), Selangor (+RM4.9 billion), W.P. Kuala Lumpur (+RM2.8 billion), Penang (+RM1.1 billion), Pahang (+RM739.1 million), Melaka (+RM618.3 million), Kedah (+RM445.1 million), Negeri Sembilan (+RM167.5 million), Terengganu (+RM153.8 million), Kelantan (+RM28.0 million), Sabah (+RM22.5 million) and Perlis (+RM6.7 million).
However, imports decreased in Sarawak by RM261.2 million, W.P. Labuan (-RM51.4 million) and Perak (-RM19.1 million).
Selangor continued to dominate Malaysia’s imports with a share of 26.4 per cent, followed by Johor (23.7%), Penang (19.1%), W.P. Kuala Lumpur (8.8%) and Kedah (5.6%).
