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Malaysia: Export, import unit value indices record growth in June
PETALING JAYA: Malaysia’s monthly export and import unit value indices continued to record a positive growth in June 2021 at 1.9% and 0.5%, respectively, amid uncertain economic activities, the Department of Statistics Malaysia (DoSM) said.
In a statement, chief statistician Datuk Seri Mohd Uzir Mahidin (pic) said the higher export unit value index was contributed by the increase in the index of mineral fuels (7.3%), animal and vegetable oils and fats (3.5%), and machinery and transport equipment (0.8%).
“Meanwhile, the export volume index recorded a growth of 12.2% in the same month, reflected by the increase in the index of chemicals (29.6%), machinery and transport equipment (15.4%), and mineral fuels (11.3%).
“The seasonally adjusted export volume index posted an expansion of 21.2% from 142.6 points to 172.8 points,” he said.
Compared with the previous year, he said both the export unit value and volume indices rose 12.8%.
On the import unit value index, Mohd Uzir said the increment in June 2021 was driven by the growths in the index of animal and vegetable oils and fats (4.4%), mineral fuels (1.6%) and manufactured goods (0.7%).
Similarly, the import volume index recorded an upward trend of 5.5% in June 2021 compared with that of the preceding month, contributed by the increase in the index of mineral fuels (20.5%), food (13%), and machinery and transport equipment (3.0%), he said.
“The seasonally adjusted import volume index in June 2021 rose 14.5% from 149.0 points to 170.6 points.
“On a year-on-year basis, both the import unit value and volume indices expanded by 5.1% and 25.8% respectively,” he added.
The DoSM also reported that Malaysia’s terms of trade recorded a positive growth of 1.4% month-on-month from 103.5 points to 105.0 points in June 2021, while on a yearly basis, trade performance remained positive at 7.4% compared with 97.8 points in June of previous year. ― Bernama