Malaysia’s terms of trade up 1% in May 2022

0
8

KUALA LUMPUR: The Department of Statistics Malaysia (DoSM) reported that Malaysia’s terms of trade expanded by 1.0 per cent month-on-month to 112.0 factors in May 2022, boosted by rising export costs.

Export costs elevated 3.9 per cent to 148.6 factors from 143.0 factors in April 2022, whereas the import unit worth index additionally went up 2.9 per cent to 132.7 factors, it stated in an announcement at the moment.

Chief statistician Datuk Seri Dr Mohd Uzir Mahidin stated the uptrend in the export unit worth index was supported by the will increase in mineral fuels (+9.6 per cent), animal, vegetable oil and fat (+6.0 per cent) in addition to the equipment and transport tools (+2.4 per cent) indices.

However, the export quantity index fell 9.1 per cent in May 2022 amid a lower in manufactured items (-11.8 per cent), miscellaneous manufactured articles (-14.2 per cent) and equipment and transport tools (-6.8 per cent) indices.

It stated the seasonally adjusted export quantity index dropped 9.1 per cent from 162.2 factors to 152.4 factors.

On a year-on-year foundation, each export unit worth and quantity indices continued to develop 22.2 per cent and 6.9 per cent, respectively.

Additionally, the import unit worth index grew 2.9 per cent in May 2022 from the earlier month, contributed by the will increase in animal, vegetable oils and fat (+11.7 per cent), mineral fuels (+11.0 per cent) in addition to equipment and transport tools (+1.9 per cent) indices.

Similarly, the import quantity index additionally grew 0.7 per cent in May 2022, contributed by the will increase in the meals (+9.5 per cent), equipment and transport tools (+6.3 per cent) and miscellaneous manufactured articles (+4.0 per cent) indices.

The seasonally adjusted import quantity index additionally rose by 0.7 per cent to 185.6 factors in May 2022 from 177.0 factors in April 2022.

On a year-on-year foundation, each the import unit worth and quantity indices rose 12.9 per cent and 21.7 per cent, respectively. – Bernama



Source link