Malaysia’s total trade recorded an upward trend, growing 5.5% in December 2021 as compared to the previous month, said the Department of Statistics Malaysia (DOSM).
In a statement on Friday (Feb 4), it said export value rose by 10.4% to RM123.8 billion against November 2021, reflected by an increment in exports of machinery and transport equipment (+22.4%), animal and vegetable oils and fats (+13.2%) and miscellaneous manufactured articles (+7.8%).
"On the other hand, imports declined by 0.4% month-on-month (m-o-m) in December 2021 to RM92.9 billion, reflected by deterioration in imports of mineral fuels (-25.9%), animal and vegetable oils and fats (-20.7%), and inedible crude materials (-2.4%), while trade value soared by 63.6% m-o-m to RM31 billion," it noted.
Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the export unit value index grew 0.2% in December 2021 as compared to the preceding month, contributed by increases in the indices of animal and vegetable oils and fats (+3.4%), machinery and transport equipment (+0.8%), and chemicals (+0.8%).