Trade Performance for June 2021 and the Period of January – June 2021
Malaysia’s trade performance continued the growth momentum in June 2021 with trade increasing by 29.3% to RM188.7 billion compared to June 2020. Exports recorded the 10th consecutive month of year-on-year (y-o-y) expansion since September 2020, registering a strong growth of 27.2% to RM105.47 billion. This was the third time exports exceeded RM100 billion. Imports increased by 32.1% to RM83.23 billion and trade surplus expanded by 11.7% to RM22.24 billion. Trade, exports and imports recorded the second highest monthly value thus far after April 2021. This was also the highest monthly value for the month of June and double-digit growth for five successive months.
The export growth was contributed by strong demand for petroleum products, electrical and electronic (E&E) products mainly electronic integrated circuits used in the production of smartphones, cars, computers and home appliances as well as rubber products. Exports to all major markets namely ASEAN, China, the United States (US), the European Union (EU) and Japan recorded double-digit expansion.
