November 2021 export, import unit value indices grow 1.3%, 1% respectively

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KUALA LUMPUR: Malaysia’s month-to-month export and import unit value indices for November 2021 recorded constructive growths of 1.3 per cent and 1.0 per cent, respectively, the Department of Statistics Malaysia (DoSM) mentioned.

Meanwhile, Malaysia’s whole commerce registered an upward pattern, rising 1.5 per cent in November 2021 in comparison with the earlier month.

Chief statistician Datuk Seri Mohd Uzir Mahidin mentioned export value shrank 1.9 per cent to RM112.2 billion in the identical month, mirrored by deterioration within the exports of manufactured items (-12.3 per cent), inedible crude supplies (-4.7 per cent), and equipment and transport tools (-4.3 per cent).

“On the opposite hand, imports grew 5.9 per cent month-on-month (m-o-m) in November 2021 amounted to RM93.3 billion,” he mentioned in an exterior commerce indices report launched at the moment.

Mohd Uzir mentioned the increment was contributed by will increase within the imports of manufactured items (+12.8 per cent), chemical compounds (+12.6 per cent), and equipment and transport tools (+4.8 per cent), whereas commerce value declined 28.1 per cent m-o-m amounted to RM18.9 billion.

“The export unit value index grew 1.3 per cent in November 2021 in contrast with the earlier month, contributed by will increase within the index of mineral fuels (+5.4 per cent), animal and vegetable oils and fat (+1.1 per cent), and equipment and transport tools (+0.4 per cent),” he mentioned.

In the identical month, Mohd Uzir mentioned the export quantity index fell 3.2 per cent, mirrored by deterioration within the index of manufactured items (-12.1 per cent), equipment and transport tools (-4.7 per cent), and mineral fuels (-3.5 per cent).

“The seasonally adjusted export quantity index rose 6.3 per cent from 152.6 factors to 162.2 factors,” he famous.

On annual comparability, he mentioned export unit value and quantity index surged 16.8 per cent and 13.5 per cent, respectively.

“The import unit value index additionally rose 1.0 per cent in November 2021 in contrast with the earlier month, attributed to will increase within the index of animal and vegetable oils and fat (+10.3 per cent), mineral fuels (+4.5 per cent), and equipment and transport tools (+0.4 per cent),” he mentioned.

Likewise, Mohd Uzir mentioned import quantity index elevated 4.8 per cent in November 2021 in contrast with the previous month, contributed by will increase within the index of manufactured items (+12.6 per cent), chemical compounds (+12.4 per cent), and equipment and transport tools (+4.4 per cent).

“The seasonally adjusted import quantity index in November 2021 climbed 5.8 per cent from 159.5 factors to 168.7 factors,” he mentioned.

On a year-on-year foundation, he identified that each import unit value and quantity indices expanded 8.7 per cent and 27.1 per cent, respectively.

The DoSM reported Malaysia’s phrases of commerce edged up 0.3 per cent m-o-m to 107.0 factors in November 2021.

On a year-on-year foundation, it added that Malaysia’s phrases of commerce efficiency remained constructive at 7.5 per cent from 99.6 factors in November of earlier yr. – Bernama:



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