TRADE PERFORMANCE FOR PERIOD OF JANUARY-SEPTEMBER 2016 AND THE MONTH OF SEPTEMBER 2016
Trade Surplus of RM59.8 billion Recorded in First Nine Months 2016.
For the period of January- September 2016, trade value of RM1.077 trillion was registered.
Compared to the same period of 2015, it was a marginal increase of 0.6%. Expansion in trade were recorded with the United States of America (USA), ASEAN, the Republic of Korea (ROK), Taiwan, China, Germany, Turkey, Saudi Arabia, Mexico, Bangladesh and India.
During the period, exports grew by 0.5% or RM2.58 billion to RM568.36 billion while imports increased by 0.7% or RM3.75 billion to RM508.59 billion. Trade surplus of RM59.77 billion was recorded, compared to RM60.93 billion registered for the same period of 2015.
In September 2016, the 227th consecutive month of trade surplus was recorded since November 1997 valued at RM7.56 billion. Exports for the month declined by 3% or RM2.12 billion year-on-year, to RM68.03 billion while imports decreased Embargo until 1200 hours, Friday, 4 th November 2016 marginally by 0.1% or RM31.8 million to RM60.47 billion.
Overall, trade was lower by 1.6%
to RM128.5 billion.
On a month-on-month basis, exports, imports and total trade posted a growth of 0.7%, 2.4%
and 1.5%, respectively.
Export Performance of Major Sectors
Overall, exports of both manufactured and agricultural goods increased in the first nine months of 2016. Exports of mining goods, however, decreased.
Export Composition
For the first nine months of 2016, exports of manufactured goods increased by 3.2% to RM469.31 billion with higher exports recorded for almost all manufacturing sub-sectors except for iron and steel
products, petroleum products, jewellery as well as non-metallic mineral products. Manufacturing exports contributed 82.6% to total exports as compared to 80.4%
during the same period last year.
Exports of agricultural goods grew by 1.4% to RM50.37 billion mainly on higher exports of palm oil and palm-based agriculture products. Exports of palm oil increased to RM29.76 billion, attributed to higher Average Unit Value (AUV).
Exports of mining goods declined by 22.5% to RM44.88 billion due to lower exports of liquefied natural gas (LNG) and crude petroleum, as a result of lower AUV.
Major exports in January- September 2016 were:
• E&E products, valued at RM207.83 billion and constituting 36.6% of total exports, increased by 2% from the corresponding period in 2015;
• Chemicals and chemical products, RM43.12 billion, 7.6%
of total exports, an increase of 6.2%;
• Petroleum products,
RM38.58 billion, 6.8% of total exports, decreased by 2.5%;
Palm oil and palm-based agriculture products, RM34.34 billion, 6% of total exports, increased by 2.1%;and
• Machinery, equipment and parts, RM28.77 billion, 5.1% of total exports, an expansion of 9.7%.
In September 2016, exports of manufactured goods decreased by 1.2% or RM709.2 million to RM56.05 billion with lower
exports of manufactures of metal by RM722.2 million, machinery, equipment and parts (↓RM329.3 million) and jewellery (↓RM154.3 million).
Exports of agricultural goods increased to RM6.41 billion, from RM6.4 billion in September 2015, driven mainly by higher exports of palm oil and palm-based agriculture products, by RM142.9 million. Exports of palm oil in September 2016 grew to RM3.96 billion, compared RM3.93 billion in September last year.
Exports of mining goods fell 22.8% to RM5.09 billion, due to the decline in exports of crude petroleum and LNG. Exports of crude petroleum and LNG contracted by 26.8% and 20%, respectively.
Performance of Major Markets Exports to ASEAN Remained Strong at 5% growth
In January-September 2016, exports to ASEAN were up by 5.1% to RM168.29 billion. The expansion was supported by higher growth in exports of E&E products, manufactures of metal, petroleum products, machinery, equipment and parts as well as processed food. Meanwhile, imports from ASEAN dropped by 5.9% to RM124.93 billion while trade with ASEAN increased to RM293.23 billion from RM292.87 billion in the same period of 2015.
Among major ASEAN markets, increase in exports was recorded for Viet Nam, Singapore and the Philippines, while exports to Thailand and Indonesia decreased.
Exports to Viet Nam expanded by RM4.81 billion contributed mainly by petroleum products, Singapore (↑RM4.18 billion, E&E products) and the Philippines (↑RM443.8 million, palm oil and palm-based agriculture products ).
Breakdown of exports to ASEAN countries is as follows:
• Singapore RM 83.33 billion, increased by 5.3%
• Thailand RM 32.27 billion,
↓0.8%
• Indonesia RM 19.90 billion,
↓7.6%
• Viet Nam RM 17.32 billion,
↑38.5%
• Philippines RM 10.17 billion,
↑4.6%
• Myanmar RM 2.72 billion,
↑32.7%
• Brunei RM 1.60 billion,
↓18.3%
• Cambodia RM 921.6 million,
↑42.3%
• Lao PDR RM 59.3 million,
↑54.0%
In September 2016, exports to ASEAN grew by 1.4% or RM283.7 million to reach a value of RM20.09 billion. Exports to ASEAN accounted for 29.5%
of Malaysia’s total exports, expanding from 28.2% registered in September last year. The increase in exports was led by higher exports of petroleum products, manufactures of metal, LNG, transport equipment as well as textiles. Imports from ASEAN, however, fell by 8.2%
to RM14.91 billion while trade declined by 2.9% to RM34.99 billion.
Exports to the USA Up 11.5%
For the first nine months of 2016, exports to the USA recorded a double digit growth of 11.5% to RM59.35 billion, accounting for 10.4% of Malaysia’s total exports.The increase was driven mainly by exports of manufactured goods which grew by RM6.29 billion with higher exports recorded for E&E products, optical and scientific equipment, transport equipment, wood products and manufactures of metal. Imports from the USA rose by 2.6% to RM41.34 billion while trade rose by 7.6% to RM100.69 billion. The USA accounted for 9.3% share of total trade.
In September 2016, exports grew by 5% to RM6.93 billion while imports were down by 12.1% to RM4.3 billion. Trade with the USA declined by 2.3% to RM11.24 billion.Higher exports to the USA was attributed mainly to E&E products, particularly, photosensitive semi-conductor devices. E&E products accounted for 60.6% of total exports to the USA in September 2016. Other contributors to the increase were optical and scientific equipment, chemicals and chemical products as well as wood products.
Exports to the EU Register Moderate Growth of 1.2%
In January-September 2016, exports to the EU registered a growth of 1.2% to reach RM57.87 billion. Imports were lower by 1.1% to RM50.76 billion. As a result, trade with the EU rose to RM108.63 billion,
from RM108.51 billion in the corresponding period of 2015.
The EU accounted for 10.1%
share of Malaysia’s total trade for the period. Increased exports to the EU was contributed by exports of machinery, equipment and parts, chemicals and chemical products, optical and scientific equipment, transport equipment, apparels as well as rubber gloves.
In September 2016, trade with the EU amounted to RM12.78 billion, a decrease of 2.6%.
Exports to the EU contracted by 8.4% to RM6.88 billion while imports increased by 5.2% to RM5.9 billion. Lower exports to the EU was mainly attributed to E&E products, palm oil and palm- based agriculture products, rubber products as well as processed food.
Trade with China Increased by 1.3%From January to September 2016, trade with China rose 1.3% to RM170.6 billion, with exports and imports amounting to RM67.9 billion and RM102.7 billion, respectively. Exports to China decreased by 8.5%, on account of lower exports of E&E products, coupled with softer demand for commodity related exports, namely, petroleum products, palm oil and palm- based agriculture products, LNG as well as natural rubber. Imports from China were higher by 9.1%.
In September 2016, trade with China amounted to RM21.27 billion, a growth of 1.3% or RM265.6 million. This accounted for 16.6% of Malaysia’s total trade. Exports to China declined by 1% to RM8.97 billion, affected mainly by lower exports of manufactures of metal, metalliferous ores and petroleum products. Higher exports, however, were registered for E&E products, palm oil and palm- based agriculture products, crude petroleum as well as optical and scientific equipment.
Imports from China amounted to RM12.31 billion, an increase of 3%.
Trade with Japan Down 5.5%
For the first nine months of 2016, trade with Japan was valued at RM88.1 billion as compared with RM93.26 billion in the same period of 2015.
Exports to Japan contracted by 12.8% to RM46.35 billion due to lower exports of LNG, by RM6.91 billion. LNG accounted for 31.4% of total exports to Japan, declined from 40.4% in the same period last year.
However, better export performance were seen in the
exports of manufactured goods to Japan which increased to RM28.37 billion from RM28.28 billion in January to September 2015. The increase was contributed mainly by higher exports of manufactures of metal, machinery, equipment and parts, processed food as well as textiles.
Imports amounted to RM41.75 billion, an expansion of 4.1%.
Trade with Japan in September 2016 totalled RM10.17 billion, a decline of 6.4% from September 2015. Exports to Japan was lower by 11.7% to RM5.37 billion mainly due to reduced exports of LNG, by RM510.1 million, coupled with wood products which declined by RM157.2 million. Higher exports, however, were registered for manufactures of metal, machinery, equipment and parts, processed food and crude petroleum. Imports from Japan rose to RM4.81 billion compared with RM4.79 billion in September 2015. On a month-on month basis, exports to Japan expanded by 4% or RM206.5 million.
Trade with FTA Partners
During January to September of 2016, trade with Free Trade Agreement (FTA) partners was valued at RM675.53 billion or 62.7% of Malaysia’s trade. Exports amounted to RM352.07 billion while imports totalled RM323.46 billion. Increase in exports were recorded to Viet Nam, Singapore, Turkey, Myanmar, the Philippines, Cambodia, Pakistan, India and Laos.
During the period, exports to Turkey grew by 107.5% or RM2.47 billion to RM4.76 billion and exports to Pakistan rose by 8%
to RM3.44 billion. The increase was contributed mainly by higher exports of palm oil and palm- based agriculture products.
Exports to India grew by 1.1% to RM23.54 billion due to the increase in exports of manufactures of metal and E&E products.
In September 2016, trade with FTA partners was RM81.16 billion, accounting for 63.2% of Malaysia’s trade. Exports to FTA partners was valued at RM42.37 billion while imports from FTA partners were valued at RM38.79 billion.
Growth in Other Markets
For the first nine months of 2016, markets that recorded significant growth in exports of more than RM500 million were Mexico, increased by RM1.39 billion, attributed mainly to E&E products, Bangladesh (↑RM1.01 billion, ↑ Ministry of International Trade &
Industry, Malaysia , 4 th November 2016
63.0 52.5 65.5 60.0 60.4 64.3 63.3 66.6 70.2 75.7 67.6 68.3 61.9 56.7 66.6 61.3 59.9 66.4 59.9 67.6 68.0
54.6 48.6 58.6 53.7 55.1 56.5 60.8 56.3 60.5 63.6 57.4 59.9 56.5 49.4 55.4 52.3 56.7 60.9 57.9 59.1 60.5
117.6 128.5
0 20 40 60 80 100 120 140 160
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
2015 2016
RM billion
Exports Imports Total Trade
Malaysia
Monthly Trade, Jan 2015 - Sept 2016
Trade Performance
Source : Department of Statistics, Malaysia Note:% refer to y-o-y growth
Exports Jan-Sept
2016 : RM568.4bil.
2015: RM565.8bil.
0.5%
Total Trade Jan-Sept
2016 : RM1,077.0bil.
2015: RM1,070.6bil.
0.6%
Imports Jan-Sept
2016 : RM508.6bil.
2015: RM504.8bil.
0.7%
Top 10 Export Destinations, Jan-Sept 2016
Singapore RM83.3bil.
1
Japan
4
RM46.3bil.
-12.8%
Australia
10
RM819.2bil.
-2.9%
Indonesia
9
RM19.9bil.
-7.6%
2
Hong Kong6
RM27.5bil.
-0.6%
RM67.9bil. PRC -8.5%
5 3
Thailand RM32.3bil.
-0.8%
RM59.3bil. USA 11.5%
Taiwan
8
RM15.3bil.
-5.7%
India
7
RM23.5bil.
1.1%
Note:% refer to y-o-y growth
Major Export Products, Jan-Sept 2016
E&E Products RM153.9b
30.3% Chemicals &
Chemical Products RM50.7b
10.0%
Transport Equipment RM31.0b
6.1%
Petroleum Products RM37.2b 7.3%
Machinery, Equipment & Parts RM46.7b
9.2%
Major Export Products, Jan-Sept 2016
E&E Products RM207.8b
36.6% Chemicals &
Chemical Products RM43.1b
7.6%
Palm Oil & Palm-Based Agriculture Products RM34.3b
6.0%
Petroleum Products RM38.6b 6.8%
Machinery, Equipment
& Parts RM28.8b 5.1%
454.8
49.7 57.9
3.4 469.3
50.4 44.9
0 3.8
50 100 150 200 250 300 350 400 450 500
Manufactured
Goods Agriculture
Goods Mining
Goods Others
RM billion
Jan-Sept 2015 Jan-Sept 2016
Export by Sectors, Jan - Sept 2016 Import by Sectors, Jan - Sept 2016
Exports
Jan-Sept 2016:RM568.4bil Jan-Sept 2015:RM565.8bil
Imports
Jan-Jul 2015:RM387.5bil Jan-Jul 2016:RM389.0bil 441.50
29.20 23.0 11.10
450.1
29.4 20.0 9.1
0 50 100 150 200 250 300 350 400 450 500
Manufactured
Goods Agriculture
Goods Mining
Goods Others
RM billion
Jan-Sept 2015 Jan-Sept 2016
Imports
Jan-Sept 2016:RM508.6bil Jan-Sept 2015:RM504.8bil
0 50 100 150 200 250 300
Cap ital Goods Consumption
Goods Re-exports Others
295.6
70.3
44.5
94.4 291.2
73.3 49.1
95.0 RM billion
Jan-Sept 2015 Jan-Sept 2016
Imports by Broad Economic Categories, Jan-Sept 2016
-1.5%
4.3% 10.3%
0.6%
Source : Department of Statistics, Malaysia Note : % share to total exports Note : % share to total Imports
Note : % (Year-on-Year Growth)
Others include Dual Goods, Goods nes and Transaction below RM5,000
Life Expectancy, 2011 - 2016
Years 77.2
2011 2012 2013 2014 2015 2016 e
Years 74.3 74.4
Years 74.5
Years 74.5
Years 74.6
Years 74.7
Years
Note: e - Estimates Years72.1
Years76.8 Years72.2
Years76.9 72.3 Years
Years76.9 Years72.4
Years77.0 72.4 Years
Years77.1 72.6 Years
2011 2012 2013 2014 2015 2016 e
Life Expectancy at Birth, 2011 - 2016
77.2Years
Source : Department of Statistics, Malaysia
Life Expectancy at Birth by Major Ethnic Group and Sex, 2010 and 2016
e77.2 76.6 76.0 75.4 72.6
71.9 71.3
70.7
79.9 79.1 75.0
74.4
76.0 75.7 67.8
67.6
2016e 2010
TOTAL BUMIPUTERA
CHINESE INDIANS
MALE FEMALE
Singapore Economic Indicators 2015
Sources: ASEAN Statistics, IMF, and WTO
-0.6
%291.9
GDP (current prices)
US$ billion Population
5.5
millionpeopleInflation Rate
350.5
Exports
US$ billion Land Area
719
km2Unemployment Rate
2.7
%Rank: 14 Imports
Rank: 14
296.7
US$ billion2.0
GDP Growth
%
Rank: 15
647.3
US$ billion Total Trade61.3
US$ billion FDI Inflow83.60 90.20 87.88 97.02 77.01 85.25 88.19 95.55 100.26 108.73 108.47
50.59 55.84 57.56 57.06 49.36 60.28 73.70 80.48 80.25 85.89 82.10
134.18
190.56
0 50 100 150 200 250
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
RM billion
Exports Imports Total Trade
Malaysia’s Trade with Singapore, 2005 - 2015
Source : Department of Statistics, Malaysia
International Report
U.K. Economic Indicators
Area (km
2):242,500 Population (million):65.1
US$2,858.5billion 0.05% Unemployment
5.4%
Exports
US$460.4billion Imports
US$625.8billion Total Trade
US$1,086.3billion
Source: IMF and WTO
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2014 2015 2016
UK 0.8 0.9 0.8 0.8 0.3 0.5 0.3 0.7 0.4 0.7 0.5
Overall EU 0.4 0.3 0.5 0.5 0.8 0.4 0.4 0.5 0.5 0.4 0
0.8
0.9
0.8 0.8
0.3
0.5
0.3
0.7
0.4
0.7
0.5 0.4
0.3
0.5 0.5
0.8
0.4 0.4 0.5 0.5
0.4
0.0 0 0.2 0.4 0.6 0.8 1.0 %
Source: Tradingeconomics
GDP Growth between U.K. and EU
n.a
Economic Indicators January - September 2016
Note: R – revised
Source: Bureau of Economic Analysis
Gross Domestic Product: Third Quarter 2016 (Advance Estimate)
Economic
Indicators 2016
Sept Aug Jul Jun May Apr Mar Feb Jan
I n f l a t i o n
Rate (%) 1.5 1.1 0.8 1 1.0 1.1 0.9 1.0 1.4
Unemployment
Rate (%) 5 4.9 4.9 4.9 4.7 5.0 5.0 4.9 4.9
Consumer
Price Indes 241.4 240.8 240.6 241 240.2 239.3 238.1 237.1 236.9
Gross Domestic Product (GDP) -quarterly basis
(%)
2.9Q3 Advance 2016 Estimate
1.4Q2 2016third Estimate
1.1Q2 Second2016 Estimate
1.2Q2 Advance2016 Estimate
0.8Q1 2016,
Third Estimate
0.8Q1 Second 2016 Estimate
0.5Q1 2016 Advance Estimate
1.4Q4 Third 2015 Estimate
1.0Q1 2016 Second Estimate
0 50 100 150 200 250
0 5 10 15 20 25 30 35 40 45
14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct No. of Certificate of Origin
RM mil.
Generalised System of Preferences (GSP)
Total FOB (RM mil.) Total CO
Note: The preference giving countries under the GSP scheme are Liechtenstein, the Russian Federation, Japan, Switzerland, Belarus, Kazakhstan and Norway.
Source: Ministry of International Trade and Industry, Malaysia
Number and Value of Preferential Certificates of Origin (PCOs)
0 1,000 2,000 3,000 4,000 5,000 6,000
0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000
14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct No. of Certificate of Origin
RM mil.
ASEAN Trade in Goods Agreement (ATIGA)
Total FOB (RM mil.) Total CO
0 500 1,000 1,500 2,000 2,500
0 100 200 300 400 500 600 700 800 900 1,000
14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct No. of Certificate of Origin
RM mil.
ASEAN-China Free Trade Agreement (ACFTA)
Total FOB (RM mil.) Total CO
0 200 400 600 800 1,000 1,200
0 100 200 300 400 500 600
14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct No. of Certificate of Origin
RM mil.
ASEAN-Korea Free Trade Agreement (AKFTA)
Total FOB (RM mil.) Total CO
0 50 100 150 200 250 300
0 20 40 60 80 100 120 140
14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct No. of Certificate of Origin
RM mil.
ASEAN-Japan Comprehensive Economic Partnership (AJCEP)
Total FOB (RM mil.) Total CO
0 100 200 300 400 500 600 700 800
0 20 40 60 80 100 120 140 160 180
14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct No. of Certificate of Origin
RM mil.
ASEAN-India Free Trade Agreement (AIFTA)
Total FOB (RM mil.) Total CO
0 200 400 600 800 1,000 1,200 1,400
0 50 100 150 200 250 300 350 400 450 500
14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct No. of Certificate of Origin
RM mil.
ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA)
Total FOB (RM mil.) Total CO
Number and Value of Preferential Certificates of Origin (PCOs)
Source: Ministry of International Trade and Industry, Malaysia
0 100 200 300 400 500 600 700 800 900 1,000
0 50 100 150 200 250 300
14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct No. of Certificate of Origin
RM mil.
Malaysia-Japan Economic Partnership (MJEPA)
Total FOB (RM mil.) Total CO
0 50 100 150 200 250
0 20 40 60 80 100 120 140
14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct No. of Certificate of Origin
RM mil.
Malaysia-Pakistan Closer Economic Partnership (MPCEPA)
Total FOB (RM mil.) Total CO
0 5 10 15 20 25
0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0
14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct No. of Certificate of Origin
RM mil.
Malaysia-New Zealand Free Trade Agreement (MNZFTA)
Total FOB (RM mil.) Total CO
0 20 40 60 80 100 120
0 2 4 6 8 10 12 14 16
14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct No. of Certificate of Origin
RM mil.
Malaysia-China Free Trade Agreement (MCFTA)
Total FOB (RM mil.) Total CO
0 50 100 150 200 250 300 350 400 450
0 10 20 30 40 50 60 70
14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct No. of Certificate of Origin
RM mil.
Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)
Total FOB (RM mil.) Total CO
0 50 100 150 200 250 300 350 400 450 500
0 20 40 60 80 100 120 140
14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct No. of Certificate of Origin
RM mil.
Malaysia-Australia Free Trade Agreement (MAFTA)
Total FOB (RM mil.) Total CO
0 50 100 150 200 250
0 50 100 150 200 250 300 350
14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct No. of Certificate of Origin
RM mil.
Malaysia-Turkey Free Trade Agreement (MTFTA)
Total FOB (RM mil.) Total CO
US Dollar
Chinese Yuan
Thai Baht
Japanese Yen
Singapore Dollar
New Taiwan Dollar
Source : Bank Negara Malaysia
Malaysian Ringgit Exchange Rate with Selected Countries, January 2015 - October 2016
3.58
4.18
2.60 2.80 3.00 3.20 3.40 3.60 3.80 4.00 4.20 4.40 4.60
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
2015 2016
RM
USD 1 = RM
0.58
0.62
0.52 0.54 0.56 0.58 0.60 0.62 0.64 0.66 0.68 0.70
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
2015 2016
RM
CNY 1 = RM
10.94
11.91
10.00 10.50 11.00 11.50 12.00 12.50
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
2015 2016
RM
THB 100 = RM
3.03
4.02
2.20 2.40 2.60 2.80 3.00 3.20 3.40 3.60 3.80 4.00 4.20
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
2015 2016
RM
JPY 100 = RM
2.68
3.02
2.40 2.50 2.60 2.70 2.80 2.90 3.00 3.10
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
2015 2016
RM
SGD 1 = RM
11.33
13.22
10.00 10.50 11.00 11.50 12.00 12.50 13.00 13.50
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
2015 2016
RM
TWD 100 = RM
Commodity Prices
CRUDE PETROLEUM (BRENT) -per bbl-
4 Nov 2016 : US$45.6, 8.3%
*Average Price
i: 2015: US$53.6
2014: US$99.5 CRUDE PALM OIL
-per MT-
4 Nov 2016 : US$743.0, 0.2%
*Average Price
i: 2015: US$616.9
2014: US$823.3
RUBBER SMR 20 -per MT-
4 Nov 2016 : US$1,494.5, 0.6%
*Average Price
i: 2015: US$1.364.3
2014: US$1,718.3
COAL -per MT-
4 Nov 2016 : US$44.1, unchanged Average Price
i: 2015: US$49.9
2014: US$59.8 COCOA SMC 2
-per MT-
4 Nov 2016 : US$1,995.7, 3.7%
*Average Price
i: 2015: US$2,077.0
2014: US$2,615.8
SCRAP IRON HMS -per MT-
4 Nov 2016 : US$250.0
(high), 4.2%
US$240.0
(low), 4.3%
Average Price
i: 2015: US$239.6 2014: US$370.0
Notes: All figures have been rounded to the nearest decimal point * Refer to % change from the previous week’s price i Average price in the year except otherwise indicated
HIGHEST and LOWEST 2015/2016
Highest
14 Oct 2016 : US$52.0 15 May 2015 : US$66.8
Lowest
15 Janua ry 2016 : US$28.9 18 Decem ber 2015 : US$36.9
Crude Petroleum
(Brent) -per bbl-
Highest
15 Sept. 2016 : US$785.5 16 January 2015 : US$701.0
Lowest
15 Janua ry 2016 : US$545.5 4 Septem ber 2015 : US$500.5
Crude Palm Oil -per MT-
Domestic Prices 4 November 2016
Steel Bars
(per MT) RM1,780 – RM1,930
Billets
(per MT) RM1,600 – RM1,750
SUGAR -per lbs-
4 Nov 2016 : US¢ 21.7, 1.9%
*Average Price
i: 2015: US¢13.2
2014: US¢16.6
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group.
Commodity Price Trends
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Bloomberg and Czarnikow Group, World Bank, World Gold
Council, The Wall Street Journal.
747.0 769.4
765.5 771.0 785.5
770.5 772.5
740.0
691.5 707.5
741.5 743.0
640 660 680 700 720 740 760 780 800
19 Aug 26 Aug 2 Sep 9 Sep 15 Sep 23 Sep 30 Sep 7 Oct 14 Oct 21 Oct 28 Oct 4 Nov
US$/mt
Crude Palm Oil
2,337.3 2,288.3
2,160.6 2,161.9
2,107.3 2,202.4
2,056.4 2,118.7
2,005.9 2,075.1
2,072.9
1,995.7
1,800 1,900 2,000 2,100 2,200 2,300 2,400
19 Aug 26 Aug 2 Sep 9 Sep 15 Sep 23 Sep 30 Sep 7 Oct 14 Oct 21 Oct 28 Oct 4 Nov
US$/mt
Cocoa
19.8 20.6
20.2 20.7
21.2 22.7
23.0 23.4
22.9 22.7
22.2 21.7
17.0 18.0 19.0 20.0 21.0 22.0 23.0 24.0
19 Aug 26 Aug 2 Sep 9 Sep 15 Sep 23 Sep 30 Sep 7 Oct 14 Oct 21 Oct 28 Oct 4 Nov
US¢/lbs
Sugar
1,319.0
1,274.0 1,315.0
1,337.0 1,337.5
1,467.0
1,368.5 1,473.5
1,545.5
1,456.5 1,504.0
1,494.5
1,200 1,250 1,300 1,350 1,400 1,450 1,500 1,550 1,600
19 Aug 26 Aug 2 Sep 9 Sep 15 Sep 23 Sep 30 Sep 7 Oct 14 Oct 21 Oct 28 Oct 4 Nov
US$/mt
Rubber SMR 20
7,591
7,286 7,267 7,853
7,148 7,063
7,296
6,742 6,940
7,029
6,963 7,008
6,900 7,088
7,113 7,281
6,917 6,851 6,730
6,337 6,085
5,965
5,584
5,000 5,500 6,000 6,500 7,000 7,500 8,000 8,500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
2015 2016
USD/ tonne
Black Pepper
* until 4 November 2016
Sources: Ministry of International Trade and Industry Malaysia, , Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
Commodity Price Trends
43.5 43.5 43.5 44.6
44.1 44.1 44.1 44.1 44.1 44.1 44.1 44.1
42.8 43.0 43.2 43.4 43.6 43.8 44.0 44.2 44.4 44.6 44.8
19 Aug 26 Aug 2 Sep 9 Sep 15 Sep 23 Sep 30 Sep 7 Oct 14 Oct 21 Oct 28 Oct 4 Nov
US$/mt
Coal
1,815 1,818
1,774 1,819
1,804
1,688
1,640
1,548 1,590
1,516
1,468 1,497
1,481 1,531
1,531 1,571
1,551 1,591
1,629 1,641 1,589
1,663
1,400 1,450 1,500 1,550 1,600 1,650 1,700 1,750 1,800 1,850
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
2015 2016
US$/ tonne
Aluminium
5,831 5,729
5,940 6,042
6,295
5,833
5,457
5,127 5,217 5,216
4,800 4,639
4,472 4,599
4,954 4,873
4,695 4,633 4,865
4,759 4,716 4,726
4,000 4,500 5,000 5,500 6,000 6,500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
2015 2016
US$/ tonne
Copper
14,849 14,574
13,756 12,831
13,511 12,825
11,413
10,386 9,938
10,317
9,244 8,708 8,507
8,299 8,717
8,879 8,660 8,906 10,263
10,366 10,176
10,251
7,000 8,000 9,000 10,000 11,000 12,000 13,000 14,000 15,000 16,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
2015 2016
US$/ tonne
Nickel
48.5 47.6
44.4 45.9
43.9 44.5 48.2
49.8 50.4 50.9 48.7
44.1 50.9
49.9
46.8 48.0
46.6 45.9
49.1
51.9 52.0 51.8
49.7
45.6
38 40 42 44 46 48 50 52 54
19 Aug 26 Aug 2 Sep 9 Sep 15 Sep 23 Sep 30 Sep 7 Oct 14 Oct 21 Oct 28 Oct 4 Nov
US$/bbl
Crude Petroleum
Crude Petroleum (WTI)/bbl Crude Petroleum (Brent)/bbl
1,108.0 1,079.0
1,054.0 1,075.0
1,033.0 1,057.0
1,036.0
977.0
935.0 929.0 974.0
1,005.0
850.0 900.0 950.0 1,000.0 1,050.0 1,100.0 1,150.0
19 Aug 26 Aug 2 Sep 9 Sep 15 Sep 23 Sep 30 Sep 7 Oct 14 Oct 21 Oct 28 Oct 4 Nov
US$/oz
Platinum
Commodity Price Trends
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank.
200.0
230.0 240.0 240.0 240.0
220.0 230.0 230.0 230.0 240.0 240.0 250.0
180.0
210.0 220.0 220.0 220.0
200.0 210.0 210.0 220.0 230.0 230.0 240.0
100 150 200 250 300 350
15 Jul 12 Aug 19 Aug 26 Aug 2 Sep 9 Sep 26 Sep 7 Oct 14 Oct 21 Oct 28 Oct 4 Nov
US$/mt
Scrap Iron
Scrap Iron/MT (High) Scrap Iron/MT(Low)
68.0
63.0
58.0
52.0 60.0
63.0
52.0 56.0
57.0
53.0
47.0
41.0 42.0 47.0
56.0 61.0
55.0
52.0 57.0
61.0 58.059.0
38.0 43.0 48.0 53.0 58.0 63.0 68.0 73.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
2015 2016
US$/dmtu
Iron Ore
19.2
18.8 19.2
19.5
19.0
19.8 19.7
17.6 17.4 17.5 17.8
18.4
16.0 16.5 17.0 17.5 18.0 18.5 19.0 19.5 20.0 20.5
19 Aug 26 Aug 2 Sep 9 Sep 15 Sep 23 Sep 30 Sep 7 Oct 14 Oct 21 Oct 28 Oct 4 Nov
US$/oz
Silver
43.3
42.4 42.6 42.8 42.1
43.0 42.5
40.5 40.2
40.7 40.9
41.9
38.5 39.0 39.5 40.0 40.5 41.0 41.5 42.0 42.5 43.0 43.5 44.0
18 Aug 25 Aug 1 Sep 8 Sep 15 Sep 22 Sep 29 Sep 6 Oct 13 Oct 20 Oct 27 Oct 4 Nov
US$/oz
Gold
MITI Programme
The 15 th Asia Pacific Conference of German Business
3 - 5 November 2016
MITI Programme
HR Open Day 2016
Officiated by Secretary General, MITI
3 November 2016
Announcement
Benefits of Economic Census
Entrepreneurs,
Companies & Business Industry Associations &
Chamber of Commerce Government To Update Economic Indicators
• To identify industrial structure and product trends
• To monitor changing patterns and growth trends for future investment
• To make business planning and decisions
• To gauge their business perfomance
• To compare their business operations to industry norms
• Rebasing of indices i.e. Gross Domestic Product (GDP) and Index of Industrial;
• Compilation of Supply & Use Table (SUT), Input-Output Table (I-O),
Tourism Satellite Account (TSA), Information &
Communication Technology Satellite Account and System of Environmental – Economic
Accounting (SEEA);
• Development of SME’s profile.
• To identify new sources of growth to the economy;
• To formulate national economy programmes; and
• To assess the implementation of the national development policy such as The Economic Transformation Programme, Eleventh Malaysia Plan and Small and Medium Enterprise (SME) Masterplan 2012 -2020.
• To understand more about industrial structure;
• To share information about the industry with their members;
• To assist business in marketing and investment planning.
Source : Department of Statistics, Malaysia
MITI @ Your Service
Datuk Wong Seng Foo Senior Director
wong@miti.gov.my Aaishah Yusof
PA to Senior Director
Azizah Mohd Yusof PA to Director
Nur Adani Mohd Hasran Assistant Director
Halimah Othman
Senior Administrative Assistant
Kamariah Abdol Aziz Administrative Assistant
Rosmaliza Ab. Latif Administrative Assistant
Shafinaz Mohamad Shariff Administrative Assistant
Nor Faizah Abu Bakar Operational Assistant Norazah Abdul Jabbar
Director
Nadia Sapee
Senior Principal Assistant Director
Zahari Md Ali
Principal Assistant Director
Conway Beddie
Principal Assistant Director
Zaharah Mohammad Izat Principal Assistant Director
Emilda Zulkeflee Senior Assistant Director
Aiman Wong Chee Ming Assistant Director
Multilateral Trade and Policy
Dear Readers,
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