Malaysia: Export volume index rises 7.7% on month in August
PETALING JAYA: The export volume index increased 7.7% in August 2022 compared with July, contributed by the rise in miscellaneous manufactured articles (11.9%), machinery and transport equipment (7.9%) and mineral fuels (7.8%).
According to the external trade statistics for August 2022 released by the Statistics Department, the seasonally adjusted export volume index increased 16.5% to 188.8 points in August from 162.1 points in July.
However, the export unit value index fell 2.2% in August 2022 versus the previous month.
This is attributed to the decrease in the index of animals and vegetable oils and fats (18.4%), mineral fuels (1.5%), and manufactured goods (0.6%), it said in a statement.
The Statistics Department said the import volume index rose 7.1% in August against July, contributed by the rise in mineral fuels (27.3%), miscellaneous manufactured articles (9.4%), and machinery and transport equipment (2.4%).
The seasonally adjusted import volume index increased 9.1% to 213.7 points in August 2022 from 195.8 points in July 2022.
The import unit value index fell 1.9% in August 2022 versus the previous month, attributed to the decrease in mineral fuels (10.1%), animals and vegetable oils and fats (4.2%), as well as chemicals (0.4%).
Overall, Malaysia’s terms of trade eased in August 2022, falling by 0.2% month-on-month to 111.9 points, the Statistics Department said. — Bernama