KUALA LUMPUR (Sept 2): Malaysia's export and import unit value index grew by 1.6% and 0.3% respectively in July 2022, compared to the previous month, said the Department of Statistics Malaysia (DOSM).
The department said the rise in the export unit value index was backed by the increase in mineral fuels (+6.9%), machinery and transport equipment (+0.8%) and miscellaneous manufactured articles (+0.4%) indices.
Meanwhile, the import unit value index improved due to the expansion in the mineral fuels (+1.9%), machinery and transport equipment (+0.6%) and miscellaneous manufactured articles (+0.4%) indices.
“Export volume index, however, decreased 9.7% in the same month, contributed by the falls in the index of miscellaneous manufactured articles (-15.5%), machinery and transport equipment (-10%) and mineral fuels (-9.6%).
“Similarly, the seasonally adjusted export volume index decreased 15.1% in July 2022, from 190.9 points to 1621 points,” it said.
DOSM said on an annual comparison basis, both the export unit value and volume indices continued to grow 20.6% and 14.4% respectively.
Additionally, DOSM said the import volume index decreased 4.8% in July 2022 against the previous month, contributed by falls in the index of manufactured goods (-13.8%), chemicals (-7.1%) and machinery and transport equipment (-3.6%).
Besides that, the seasonally adjusted import volume index also decreased by 10.5% from 219 points to 195.9 points.
“On a year-on-year basis, both the import unit value and volume indices rose 12.9% and 25.7% respectively,” it said.
On another note, DOSM said Malaysia's terms of trade increased by 1.3% month-on-month to 112.2 points in July 2022, contributed by increases in the index of mineral fuels (+5.0%), animal and vegetable oils & fats (+2.8%) and chemicals (+0.5%).
On a year-on-year basis, Malaysia's terms of trade performance showed a positive growth of 6.8%, from 105.0 points in July of previous year.
Source: The Edge Market
Source: The Edge Market
September 27, 2022
