Weekly MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY … Weekly... · 2019-06-11 · iron and steel...

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VOLUME 538

MINISTRY OF INTERNATIONAL TRADE AND INDUSTRYWeekly

B U L L ET I N11 June 2019 | NO. ISSN : 2180-0448

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TRADE PERFORMANCE FOR APRIL 2019 AND THE PERIOD OF JANUARY-APRIL 2019

Trade Rebounded in April 2019

Malaysia’s trade in April 2019 expanded by 2.6% to RM159.55 billion compared to April 2018. Higher trade was recorded with ASEAN, Australia, Saudi Arabia, Taiwan, the United States (US), Japan, India and China.

Exports increased by 1.1% to RM85.2 billion after registering 2 consecutive year-on-year (y-o-y) declines since February 2019. This was also the highest export value ever recorded for the month of April. Imports rose by 4.4% to RM74.35 billion. Trade surplus was RM10.86 billion, lower by 16.6% and was the 258th consecutive month of trade surplus since November 1997.

On a month-on-month (m-o-m) basis, total trade, exports and imports increased by 3.8%, 1.4% and 6.7%, respectively. Trade surplus contracted by 24.5%.

In the first 4 months of 2019, total trade was still marginally lower by 0.4% to RM594.72 billion compared to the same period of 2018. Exports amounted to RM321.26 billion, a decrease of 0.2% while imports slipped by 0.7% to RM273.45 billion. Trade surplus grew by 3.1% to RM47.81 billion during the period.

Export Performance of Major Sectors

Exports of Manufactured Goods Expanded by RM1.94 billion in April 2019

Exports of manufactured goods in April 2019 which accounted for 85.1% of total exports expanded by 2.7% to RM72.49 billion. This was contributed by higher exports of electrical and electronic (E&E) products, petroleum products, optical and scientific equipment, iron and steel products as well as processed food.

Exports of mining goods (7.8% share) was recorded lower by 1.5% to RM6.66 billion, mainly as a result of lower exports of crude petroleum due to lower volume. Exports of liquefied natural gas (LNG) however increased,

attributed to an expansion in volume and Average Unit Value (AUV).

Exports of agriculture goods (6.4% share) fell by 9.3% to RM5.45 billion. This was mainly on account of lower exports of palm oil and palm oil-based agriculture products, primarily palm oil which decreased by 17.3% to RM3.07 billion following lower volume and AUV.

Major exports in April 2019:

•E&E products, valued at RM33.1 billion and constituted 38.9% of total exports, increased by 3.9% from April 2018; •Petroleum products, RM7.14 billion, 8.4% of total exports, increased by 11.6%;•Chemicals and chemical products, RM4.76 billion, 5.6% of total exports, increased by 3.9%;•Manufactures of metal, RM3.63 billion, 4.3% of total exports, decreased by 23%; and•LNG, RM3.6 billion, 4.2% of total exports, increased by 26.3%.

Compared to March 2019, exports of manufactured goods rose by 2.4% while exports of mining and agriculture goods declined by 7.6% and 0.4%, respectively.

During the first 4 months of 2019, exports of manufactured goods grew by 0.9% to RM269.39 billion compared to the same period of 2018, owing to an increase in exports of E&E products, chemicals and chemical products, optical and scientific equipment, iron and steel products, jewellery as well as processed food. Exports of mining goods increased by 2.5% to RM28.63 billion, supported by higher exports of LNG. Exports of agriculture goods fell by 11.7% to RM21.04 billion, as a result


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seof lower exports of palm oil and palm oil-based agriculture products.

Trade Performance with Major Markets

Trade with ASEAN Expanded in April 2019

Trade with ASEAN in April 2019 which accounted for 26.5% of Malaysia’s total trade or RM42.23 billion, grew by 2% y-o-y. Exports to ASEAN expanded by 7.2% to RM25.63 billion, boosted by higher exports of E&E products, petroleum products (refined petroleum products), iron and steel products, petroleum condensates and other petroleum oil as well as machinery, equipment and parts. Imports from ASEAN contracted by 5.1% to RM16.6 billion.

Breakdown of exports to ASEAN countries:•Singapore RM12.21 billion, increased by 11.3%•Thailand RM5.17 billion, ↑1.2%•Viet Nam RM3.39 billion, ↑16.9% •Indonesia RM2.68 billion, ↓3.0%•Philippines RM1.49 billion, ↓0.7%•Cambodia RM268.5 million, ↑42.1% •Brunei RM222.9 million, ↑14.3%•Myanmar RM197.7 million, ↓27.4%•Lao PDR RM2.7 million, ↓10.5%

Exports to major markets in ASEAN that recorded expansion were Singapore, which increased by RM1.24 billion due to higher exports of petroleum products, Thailand (↑RM59.5 million, E&E products) and Viet Nam (↑RM491.3 million, E&E products).

On a m-o-m basis, trade and exports rose by 2.7% and 8.6% respectively, while imports were down by 5.3%.

In January-April 2019, trade with ASEAN was lower by 2.6% to RM158.2 billion compared to the same period of 2018. Exports to this region expanded by 1.4% to RM92.93 billion, supported by higher exports of E&E products, LNG, iron and steel products, optical and scientific equipment as well as petroleum condensates and other petroleum oil. Imports were lower by 7.8% to RM65.27 billion.

Trade with China Picked Up in April 2019

In April 2019, trade with China which made up 16.7% of Malaysia’s total trade rose by 1.4% y-o-y to RM26.63 billion. Exports contracted by 6.9% to RM11.55 billion underpinned by lower exports of E&E products, petroleum products as well as metalliferous ores and metal scrap. However, increases in exports were recorded for optical and scientific equipment, LNG, paper and pulp products, iron and steel products as well as processed food. Imports from China was up by 8.8% to RM15.08 billion.

Compared to March 2019, trade and imports were higher by 4.7% and 9.6% respectively, while exports were down by 1.1%.

Trade with China in January to April 2019 rose by 3.6% to RM98.65 billion compared to the same period of 2018. Exports to China expanded by 2.8% to RM42.75 billion, attributed to higher exports of LNG, chemicals and chemical products, palm oil and palm oil-based agriculture products, iron and steel products as well as paper and pulp products. Imports from China totalled RM55.91 billion, 4.3% higher from April 2018.

Exports of E&E to the EU Increased in April 2019

Total trade with the European Union (EU) which comprised 9.7% of Malaysia’s total trade in April 2019, shrank by 4.3% y-o-y to RM15.45 billion. Exports slipped by 8.6% to RM8.16 billion on account of lower exports of manufactures of metal, palm oil and palm oil-based agriculture products, chemicals and chemical products, textiles, apparels and footwear as well as iron and steel products. However, increase in exports was recorded for E&E products by 5.3%, accounting for 51.7% of Malaysia’s total exports to the EU. Other products which registered growth in exports were optical and scientific equipment, machinery, equipment and parts, petroleum products as well as processed food. Imports from the EU increased by 1% to RM7.29 billion.

Among the top 10 EU markets which accounted for 91.1% of Malaysia’s total exports to the EU, exports to 6 countries recorded increases namely, Germany (↑0.8%), the United Kingdom (UK) (↑9.4%), France (↑6%), Belgium (↑4.3%), Hungary (↑3%) and Slovenia (↑56.3%).

On a m-o-m basis, imports expanded by 4.9% while trade and exports were lower by 0.7% and 5.3%, respectively.

For the first 4 months of 2019, trade with the EU dipped by 3.5% to RM59.66 billion compared to the same period of 2018. Exports contracted by 1.7% to RM33.19 billion on lower exports of manufactures of metal, palm oil and palm oil-based agriculture products, iron and steel products as well as textiles, apparels and footwear. Meanwhile, increases in exports were recorded for E&E products, petroleum products, machinery, equipment and parts as well as optical and scientific equipment. Imports from the EU contracted by 5.7% to RM26.46 billion.

Manufactured Goods Boosted Exports to the US

Trade with the US in April 2019 grew by 3.4% y-o-y to RM13.27 billion, constituting 8.3% of Malaysia’s total trade. Exports expanded by 3.1%



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seto RM7.72 billion on the back of higher exports of manufactured goods which made up 98% of total exports to the US. Increased exports were recorded for E&E products, optical and scientific equipment, manufactures of metal, processed food as well as rubber products. Imports from the US expanded by 3.9% to RM5.55 billion.

Compared to March 2019, exports grew by 1.1% while trade and imports decreased by 1.4% and 4.7%, respectively.

During the first 4 months of 2019, trade with the US was valued at RM51.19 billion, an increase of 1.5% compared to the same period of 2018. Exports expanded marginally by 0.03% to RM29.62 billion due to higher exports of E&E products, optical and scientific equipment, rubber products, manufactures of plastics, wood products as well as processed food. Imports from the US was higher by 3.5% to RM21.57 billion.

Exports to Japan Up by 7.7% in April 2019

In April 2019, trade with Japan which accounted for 6.9% of Malaysia’s total trade increased by 4.1% y-o-y to RM11.03 billion. Exports surged by 7.7% to RM5.41 billion after registering 5 consecutive y-o-y declines since November 2018, driven mainly by a rise in exports of LNG. Other products which registered increases in exports were processed food, iron and steel products, transport equipment, metalliferous ores and metal scrap, non-metallic mineral products as well as machinery, equipment and parts. Imports from Japan grew by 0.8% to RM5.63 billion.

On a m-o-m basis, trade and imports rose by 0.6% and 11.4% respectively, while exports contracted by 8.6%.

For the period of January to April 2019, trade with Japan declined by 2.9% to RM43.69 billion compared to the same period of 2018. Exports to Japan contracted by 3.6% to RM23.39 billion on lower exports of LNG, crude petroleum as well as optical and scientific equipment. Higher exports however were registered for transport equipment, processed food as well as non-metallic mineral products. Imports from Japan slipped by 2% to RM20.3 billion.

Trade with FTA Partners

In April 2019, trade with Free Trade Agreement (FTA) partners which accounted for 61.3% of Malaysia’s total trade expanded by 2.7% to RM97.74 billion. Exports to FTA partners amounted to RM51.97 billion, an increase of 2.4% y-o-y and imports rose by 3.2% to

RM45.77 billion.

Increases in exports were recorded to India, up by 6.7% to RM3.2 billion, attributed mainly to higher exports of palm oil and palm oil based agriculture products, Republic of Korea (ROK) (↑5.7% to RM2.47 billion, LNG), Australia (↑4.2% to RM2.3 billion, petroleum products) and Chile (↑36.3% to RM92.2 million, chemicals and chemical products).

Compared to March 2019, trade, exports and imports rose by 3.1%, 0.6% and 6.1%, respectively.

Trade with FTA partners for the first 4 months of 2019 which accounted for 61.8% of Malaysia’s total trade reduced by 0.9% to RM367.36 billion. Exports during this period amounted to RM197.21 billion, an increase of 0.5% while imports totalled RM170.15 billion, a decline of 2.4%.

Import Performance

Total imports in April 2019 grew by 4.4% y-o-y to RM74.35 billion from RM71.23 billion in April 2018. The three main categories of imports by end use which accounted for 75.6% of total imports were: •Intermediate goods, valued at RM40.73 billion or 54.8% share of total imports, increased by 20.3%, following higher imports of processed industrial supplies, particularly aluminium and articles thereof;

•Capital goods, valued at RM8.87 billion or 11.9% of total imports, up by 5.7%, due mainly to higher imports of capital goods (except transport equipment) particularly electrical machinery, equipment and parts; and

•Consumption goods, valued at RM6.62 billion or 8.9% of total imports, surged by 18.9%, as a result of higher imports of non-durables mainly for essential oils and resinoids; perfumery, cosmetic or toilet preparations.

During January-April 2019, imports valued at RM273.45 billion, a decline of 0.7% from the same period of 2018. Intermediate goods totalled RM148.09 billion, increased by 4.9%, capital goods (RM32.76 billion, ↓6.1%) and consumption goods (RM23.59 billion, ↑5.5%).

Ministry of International Trade and Industry



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Source: Department of Statistics, Malaysia

Malaysia External Trade Statistics, April 2019

Exports and Imports rebounded to record increases of 1.1% and 4.4% respectively

Malaysia's Trading Partners

Malaysia's Export by Sectors

TopFive

Total Trade Change %

Apr 2019:RM26.6bil.Apr 2018:RM26.3bil. 1.41 PRCApr 2019:RM19.1bil.Apr 2018:RM19.1bil. 0.22 SingaporeApr 2019:RM13.3bil.Apr 2018:RM12.8bil. 3.43 USA

Apr 2019:RM11.0bil.Apr 2018:RM10.6bil. 4.14 JAPAN

Apr 2019:RM8.9bil.Apr 2018:RM8.8bil. 0.65 Thailand

2.7%Apr 2019:RM72.5bil.Apr 2018:RM70.5bil.




Note: % - Year-on-Year Growth


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Major Export Destinations

Singapore RM12.2bil. 11.3%

PRC RM11.5bil.

USA RM7.7bil.

Hong KongRM6.4bil.

JapanRM5.4bil.

6.9% 3.1% 0.1% 7.7%

April2019

Major Import Sources

PRC RM15.1bil. 8.8% Singapore RM6.9bil.

Japan RM5.6bil.

USARM5.6bil.

Chinese TaipieRM5.1bil.

15.7%

0.8%

3.9% 3.1%

April2019

Malaysia Exernal Trade Statistics, April 2019





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Wholesale & Retail Trade, April 2019

Sales Value of Wholesale & Retail Trade

Volume Index of Wholesale & Retail Trade





Notes : HS6D, 401519Source:http://www.trademap.org/Index.aspx

Malaysia as the Largest Exporter of Gloves, Mittens and Mitts, 2018

Malaysia USD 4,010.2Million

1

PRC USD 383.3Million

Thailand USD 892.4 Million

2

Belgium USD 138.0 Million

Indonesia USD 271.6 Million

3

4

5

United StatesUSD 1,388.4 Million

United KingdomUSD 166.9 Million

JapanUSD 252.2 Million

GermanyUSD 311.7 Million

Top Five Countries Importing from Malaysia

International Report

1

2

3

4

ChinaUSD 150.2 Million

5



Number and Value of Preferential Certificates of Origin (PCOs)

Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia

0

20

40

60

80

100

120

140

0

50

100

150

200

250

300

350

10 M

ar

17 M

ar

24 M

ar

31 M

ar

7 A

pr

14 A

pr

21 A

pr

28 A

pr

5 M

ay

12 M

ay

19 M

ay

26 M

ay

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Generalised System of Preferences (GSP)

Total FOB (RM mil.) Total CO

Note: The preference giving countries under the GSP scheme are Liechtenstein, the Russian Federation, Japan, Switzerland, Belarus, Kazakhstan and Norway.

Number and Value of Preferential Certificates of Origin (PCOs)

0

1,000

2,000

3,000

4,000

5,000

6,000

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

50,00010

Mar

17 M

ar

24 M

ar

31 M

ar

7 A

pr

14 A

pr

21 A

pr

28 A

pr

5 M

ay

12 M

ay

19 M

ay

26 M

ay

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN Trade in Goods Agreement (ATIGA)


0

500

1,000

1,500

2,000

2,500

3,000

0

200

400

600

800

1,000

1,200

1,400

10 M

ar

17 M

ar

24 M

ar

31 M

ar

7 A

pr

14 A

pr

21 A

pr

28 A

pr

5 M

ay

12 M

ay

19 M

ay

26 M

ay

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN-China Free Trade Agreement (ACFTA)


0

200

400

600

800

1,000

1,200

0

200

400

600

800

1,000

1,200

1,400

10 M

ar

17 M

ar

24 M

ar

31 M

ar

7 A

pr

14 A

pr

21 A

pr

28 A

pr

5 M

ay

12 M

ay

19 M

ay

26 M

ay

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN-Korea Free Trade Agreement (AKFTA)


0

50

100

150

200

250

300

0

20

40

60

80

100

120

140

160

10 M

ar

17 M

ar

24 M

ar

31 M

ar

7 A

pr

14 A

pr

21 A

pr

28 A

pr

5 M

ay

12 M

ay

19 M

ay

26 M

ay

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN-Japan Comprehensive Economic Partnership (AJCEP)


0

100

200

300

400

500

600

700

800

900

0

50

100

150

200

250

300

350

10 M

ar

17 M

ar

24 M

ar

31 M

ar

7 A

pr

14 A

pr

21 A

pr

28 A

pr

5 M

ay

12 M

ay

19 M

ay

26 M

ay

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN-India Free Trade Agreement (AIFTA)


0

200

400

600

800

1,000

1,200

0

50

100

150

200

250

300

10 M

ar

17 M

ar

24 M

ar

31 M

ar

7 A

pr

14 A

pr

21 A

pr

28 A

pr

5 M

ay

12 M

ay

19 M

ay

26 M

ay

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA)




Number and Value of Preferential Certificates of Origin (PCOs)Number and Value of Preferential Certificates of Origin (PCOs)

0

200

400

600

800

1,000

1,200

0

50

100

150

200

250

300

10 M

ar

17 M

ar

24 M

ar

31 M

ar

7 A

pr

14 A

pr

21 A

pr

28 A

pr

5 M

ay

12 M

ay

19 M

ay

26 M

ay

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Japan Economic Partnership Agreement (MJEPA)


0

50

100

150

200

250

300

0

20

40

60

80

100

120

140

160

180

10 M

ar

17 M

ar

24 M

ar

31 M

ar

7 A

pr

14 A

pr

21 A

pr

28 A

pr

5 M

ay

12 M

ay

19 M

ay

26 M

ay

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Pakistan Closer Economic Partnership Agreement (MPCEPA)


0

1

2

3

4

5

6

7

8

9

10

0.00

0.20

0.40

0.60

0.80

1.00

1.20

10 M

ar

17 M

ar

24 M

ar

31 M

ar

7 A

pr

14 A

pr

21 A

pr

28 A

pr

5 M

ay

12 M

ay

19 M

ay

26 M

ay

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-New Zealand Free Trade Agreement (MNZFTA)


0

20

40

60

80

100

120

0

100

200

300

400

500

600

700

800

900

10 M

ar

17 M

ar

24 M

ar

31 M

ar

7 A

pr

14 A

pr

21 A

pr

28 A

pr

5 M

ay

12 M

ay

19 M

ay

26 M

ay

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Chile Free Trade Agreement (MCFTA)


0

100

200

300

400

500

600

0

50

100

150

200

250

300

350

10 M

ar

17 M

ar

24 M

ar

31 M

ar

7 A

pr

14 A

pr

21 A

pr

28 A

pr

5 M

ay

12 M

ay

19 M

ay

26 M

ay

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)


0

50

100

150

200

250

300

350

400

450

500

0

20

40

60

80

100

120

140

160

10 M

ar

17 M

ar

24 M

ar

31 M

ar

7 A

pr

14 A

pr

21 A

pr

28 A

pr

5 M

ay

12 M

ay

19 M

ay

26 M

ay

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Australia Free Trade Agreement (MAFTA)


0

50

100

150

200

250

300

350

400

450

0

50

100

150

200

250

300

10 M

ar

17 M

ar

24 M

ar

31 M

ar

7 A

pr

14 A

pr

21 A

pr

28 A

pr

5 M

ay

12 M

ay

19 M

ay

26 M

ay

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Turkey Free Trade Agreement (MTFTA)


Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia



Source : Bank Negara Malaysia

Malaysian Ringgit Exchange Rate with Selected Countries,January 2018 - May 2019

US Dollar

Chinese Yuan

Thai Baht

Japenese Yen

Singapore Dollar

New Taiwan Dollar

3.9578

3.8862

4.1867 4.1709

3.70

3.75

3.80

3.85

3.90

3.95

4.00

4.05

4.10

4.15

4.20

4.25

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May

2018 2019

RM

USD 1 = RM

0.6150

0.6221

0.5974

0.6086

0.59

0.59

0.60

0.60

0.61

0.61

0.62

0.62

0.63


2018 2019

RM

CNY 1 = RM

12.3963

12.1699

13.015413.1170

11.60

11.80

12.00

12.20

12.40

12.60

12.80

13.00

13.20


2018 2019

RM

THB 100 = RM

3.5615

3.78143.7930

3.40

3.45

3.50

3.55

3.60

3.65

3.70

3.75

3.80

3.85


2018 2019

RM

JPY 100 = RM

2.9925

2.9555

3.0453 3.0438

2.90

2.92

2.94

2.96

2.98

3.00

3.02

3.04

3.06


2018 2019

RM

SGD 1 = RM

13.4522

13.2323

13.5766

13.3635

12.50

12.70

12.90

13.10

13.30

13.50

13.70


2018 2019

RM

TWD 100 = RM



0.0%*US$330.0

(high)

7 June 2019

0.0%*US$290.0

(low)

Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Iron and Steel Industry Federation, and Bloomberg.

Commodity Prices

Notes: All figures have been rounded to the nearest decimal point * Refer to % change from the previous week’s price i Average price in the year except otherwise indicated

CRUDE PETROLEUM (BRENT) -per bbl-

1.9%*US$63.3

7 June 2019

CRUDE PALM OIL -per MT-

0.7%*US$506.5

7 June 2019

RUBBER SMR 20 -per MT-

1.0%*US$1570.5

COCOA SMC 2 -per MT-

1.3%* US$1,569.1

COAL -per MT-

0.0%*US$55.6

SUGAR -per lbs-

3.3%*US$12.5

SCRAP IRON HMS -per MT-

5 Oct 2018 : US$84.2

Highest2018/2019

17 May 2019 : US$72.2

4 Jan 2019 : US$57.1 28 Dec 2018 : US$52.2

Lowest2018/2019

9 Mar 2018 : US$691.5

Highest2018/2019

22 Feb 2019 : US$567.0

4 Jan 2019 : US$503.8 23 Nov 2018 : US$448.5

Lowest2018/2019

Average Price 2018 i : US$71.5 Average Price 2018 i : US$600.1

Average Price 2018 i : US$1,371.0 Average Price 2018 i : US$1,535.6 Average Price 2018 i : US¢12.3

Average Price 2018 i : US$380.7 (high)Average Price 2018 i : US$359.6 (low)Average Price 2018 i : US$66.9

Domestic Prices7 June 2019

Steel Bars(per MT)

RM2,100– RM2,250

Billets(per MT)

RM1,950 - RM2,100

7 June 2019 7 June 2019 7 June 2019

7 June 2019



Commodity Price Trends

Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.

1,539.2

1,623.4

1,690.3

1,680.8

1,669.7

1,609.0

1,732.5

1,696.5

1,575.4

1,598.1

1,590.4

1,569.1

1,450

1,500

1,550

1,600

1,650

1,700

1,750

22Mar 29Mar 5Apr 12Apr 19Apr 26Apr 3May 10May 17May 24May 31May 7June

US$/

mt

Cocoa

2,306

2,295

2,294

2,2732,266

2,266

2,303

2,372

2,3812,390

2,387

2,409

2,250.0

2,270.0

2,290.0

2,310.0

2,330.0

2,350.0

2,370.0

2,390.0

2,410.0

2,430.0

22Mar 29Mar 5Apr 12Apr 19Apr 26Apr 3May 10May 17May 24May31May 7June

US$

/mt

Pepper

1,494.0

1,445.0

1,500.0

1,553.0

1,509.0

1,519.5

1,523.5

1,502.5

1,520.5

1,539.5

1,555.0

1,570.5

1,420

1,440

1,460

1,480

1,500

1,520

1,540

1,560

1,580


US$

/mt

Rubber SMR 20

59.060.1

63.163.9 64.0

63.361.9 61.6

62.8

58.6

53.5 54.0

67.068.4

70.371.6 72.0 72.2

70.9 70.672.2

68.7

64.563.3

40

45

50

55

60

65

70

75


US$

/bbl

Crude Petroleum

CrudePetroleum(WTI)/bblCrudePetroleum(Brent)/bbl

526.5526.0

518.0

520.5

533.5

533.0

534.0

523.1

507.5

516.5

503.0

506.5

500

505

510

515

520

525

530

535

540


US$

/mt

Crude Palm Oil

12.612.5

12.812.9

13.0

12.7

12.0

11.7

11.6

11.7

12.1

12.5

11.5

11.7

11.9

12.1

12.3

12.5

12.7

12.9

13.1


US¢

/lbs

Sugar



15.4

15.115.1

15.0

15.0

15.1

15.0

14.8

14.4

14.6

14.6

15.0

14.2

14.4

14.6

14.8

15.0

15.2

15.4

15.6


US$

/oz

Silver

42.2

41.7

41.4

41.6

41.0

41.341.1

41.441.2

41.2

41.7

43.1

40.0

40.5

41.0

41.5

42.0

42.5

43.0

43.5


US

$/g

Gold

Sources: Ministry of International Trade and Industry Malaysia, , Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.

2,21

0

2,18

2

2,06

9

2,25

5 2,30

0

2,23

8

2,08

2

2,05

2

2,02

6

2,03

0

1,93

9

1,92

0

1,85

4

1,86

3

1,87

1

1,84

5

1,78

1

1,400

1,500

1,600

1,700

1,800

1,900

2,000

2,100

2,200

2,300

2,400


2018 2019

US$

/ to

nn

e

Aluminium

7,06

6

7,00

7

6,79

9

6,85

2

6,82

5 6,96

6

6,25

1

6,05

1

6,05

1 6,22

0

6,19

6

6,07

5

5,93

9

6,30

0 6,43

9

6,43

8

6,01

8

4,000

4,500

5,000

5,500

6,000

6,500

7,000

7,500


2018 2019

US$

/ to

nne

Copper

12,865

13,5

96

13,3

93

13,9

38

14,3

66 15

,106

13,794

13,4

11

12,510

12,315

11,240

10,8

35 11,523

12,685

13,026

12,773

12,016

7,000

8,000

9,000

10,000

11,000

12,000

13,000

14,000

15,000

16,000


2018 2019

US$

/ to

nne

Nickel

Commodity Price Trends

76.34

77.46

70.35

65.75

66.10

65.04

64.56 67.15

68.44

73.41

73.26

69.15

76.16

88.22

86.47

93.70

100.15

60.0

65.0

70.0

75.0

80.0

85.0

90.0

95.0

100.0

105.0


2018 2019

US

$/d

mtu

Iron Ore

848.4

854.1

905.4

898.5

903.7903.6

874.8865.6

820.3

802.9

794.2

806.1

790.0

810.0

830.0

850.0

870.0

890.0

910.0


US

$/o

z

Platinum

380.0 380.0 380.0 380.0 380.0

350.0 350.0 350.0 350.0 350.0

320.0

330.0

330.0

330.0

350.0 350.0 350.0 350.0 350.0

330.0 330.0 330.0 330.0 330.0

280.0

290.0 290.0 290.0

250

270

290

310

330

350

370

390

8Mar 15Mar22Mar29Mar 5Apr 12Apr 19Apr 26Apr 3May10May17May24May31May 7June

US

$/m

t

Scrap Iron ScrapIron/MT(High)ScrapIron/MT(Low)

65.1

67.1

65.1

63.8

63.863.6

63.0 63.0

57.6

55.6 55.6 55.6

55.0

56.0

57.0

58.0

59.0

60.0

61.0

62.0

63.0

64.0

65.0

66.0

67.0

68.0

69.0

70.0


US

$/t

Coal



MIT

I PR

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RAM

MES

MITI Minister at a dialogue session with the African Heads of Mission to Malaysia,

3rd June 2019



All yo

u ne

ed t

o kn

ow...



All yo

u ne

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ow...



Gross Capital FormationGross capital formation is measured by the total value of the gross fixed capital formation, changes in inventories and acquisitions less disposals of valuables for a unit or sector.Source : National Accounts Source Detail : Gross Domestics Product (GDP), DOSM

Gross Capital StockGross Capital Stock is the value of all fixed assets still in use when a balance sheet is drawn up, at the actual or estimated current purchasers’ prices for new assets of the same type, irrespective of the age of the assets.Source : National Accounts Source Detail : National Accounts Capital Stock Statistics, DOSM

Gross Domestic Product (GDP) - expenditure basedConsumption Expenditure-based gross domestic product is total final expenditures at purchasers’ prices, less the f.o.b. value of imports of goods and services.Source : National Accounts Source Detail : Gross Domestics Product (GDP), DOSM

Gross Domestic Product (GDP) - income basedIncome-based gross domestic product is compensation of employees, plus taxes less subsidies on production and imports, plus gross mixed income, plus gross operating surplus.Source : National Accounts Source Detail : Gross Domestics Product (GDP), DOSM

Gross Domestic Product (GDP) - market pricesGross domestic product at market prices is the sum of the gross values added of all resident producers at market prices, plus taxes less subsidies on imports.Source : National Accounts Source Detail : Gross Domestics Product (GDP), DOSM

Gross Domestic Product (GDP) at output basedOutput-based gross domestic product is the sum of the gross values added of all resident producers at basic prices, plus all taxes less subsides on products.Source : National Accounts Source Detail : Gross Domestics Product (GDP), DOSM

Gross fixed capital formationGross fixed capital formation is measured by the total value of a producer’s acquisitions, less disposals, of fixed assets during the accounting period, plus certain additions to the value of non-produced assets (such as subsoil assets or major improvements in the quantity, quality or productivity of land) realised by the productive activity of institutional units.Source : Manufacturing Source Detail : Economic Census, DOSM



Khiruddin Said Senior Director

Haslinda Mansor PA to Senior Director

Sumathi Balakrishnan Director

Ahmad Azrai Abd. Mubin Director

Conway Beddie Principal Assistant Director

Noraishah Mohd Zaid PA to Director

Peter Cheah Hee Keong Senior Principal Assistant Director

Zaharah Mohammad Izat PrincipalAssistant Director

Nurulhidaya Mohd Aluwi PrincipalAssistant Director

Nurul Dalilah Ali Principal Assistant Director

Emilda Zulkeflee SeniorAssistant Director

Nur Izzati Mohd Ghazali Assistant Director

Aiman Wong Chee Ming SeniorAssistant Director

Nik Mohamed Hussein Nik Ali Assistant Director

Nur Adani Mohd Hasran Assistant Director

Halimah Othman Senior Administrative Assistant

Rosmaliza Ab. Latif Administrative Assistant

Shafinaz Mohamad Shariff Administrative Assistant

Siti Fatiyah Mohd. Aris Operational Assistant

MITI at Your Service Multilateral Trade and Policy



For more information, kindly click the following links:http://www.miti.gov.my/index.php/pages/view/4761Vintage_English.pdf

For more information, kindly click the following links:https://www.miti.gov.my/index.php/pages/view/industry4WRD

ANNO

UNCEM

ENTS

For more information, kindly click the following links:https://www.miti.gov.my/index.php/pages/view/aki?mid=535

ANNO

UNCEM

ENTS

For more information, kindly click the following links:https://www.miti.gov.my/index.php/pages/view/industry4WRD?mid=559#tab_547_2202



For more information, kindly visit:https://www.dosm.gov.my/v1/index.php?r=column/cone&menu_id=N0FVaDR4Y1hGMk1NNi9jS2ZQRFFLZz09#

For more information, kindly visit http://www.isi2019.org/

Tentative Schedule for MITI Pocket Talks 2019

NO DATE VENUE TOPIC

1 20 June (Thursday)

MITI HQ (SEMINAR 1)

Introduction to FTA & Preferential Certificate of Origin (PCO)

2 18 July (Thursday)

MITI PAHANG

3 22 August (Thursday)

MITI HQ (SEMINAR 1)

4 19 September (Thursday) MITI PERAK

5 17 October (Thursday)

MITI HQ (SEMINAR 1)

6 14 November (Thursday)

MITI KELANTAN

ANNO

UNCEM

ENTS



In conjunction with the 62nd World Statistics Congress (WSC) of the International Statistical Institute (ISI) 62nd ISI WSC 2019 Malaysia will organize the World Stats Run 2019!

Register at: http://www.racexasia.com/event/world-stats-run-2019/



Dear Readers,

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