MALAYSIA’S export volume index rose 7.7% in August compared with July, contributed by an increase in miscellaneous manufactured articles (11.9%), machinery and transport equipment (7.9%) as well as mineral fuels (7.8%).

According to the external trade statistics for August released today by the Department of Statistics Malaysia (DOSM), 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 versus the previous month, attributed to a drop 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.

DOSM said the import volume index rose 7.1% in August against July, contributed by a 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, from 195.8 points in July.

The import unit value index fell 1.9% in August versus the previous month, attributed to a drop 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, falling by 0.2% month-on-month to 111.9 points, DOSM said. – Bernama, October 4, 2022.