KUALA LUMPUR – Malaysia’s export prices in October 2022 dropped slightly by 0.05% from 149.8 points in the preceding month to 149.7 points, while the import unit value index showed a positive performance of 0.6% to 133.2 points.
Accordingly, Malaysia’s terms of trade showed a negative performance of 0.6% month-on-month to 112.4 points in October 2022, according to the Statistics Department.
Malaysia’s chief statistician Datuk Seri Mohd Uzir Mahidin said the export unit value index dipped 0.05% in October 2022 from the previous month, due to declines in the indices of animal and vegetable oils and fats (5.3%), mineral fuels (3.4%), and miscellaneous manufactured articles (0.4%).
“At the same time, the export volume index also dropped 8.7% in the same month, contributed to by the declines in the indices of miscellaneous manufactured articles (17.8%), animal and vegetable oils and fats (15.9%), as well as machinery and transport equipment (14.9%).
“The seasonally adjusted export volume index dropped 14.5% from 179.4 points to 153.4 points,” he said in a statement today.
The import unit value index increased by 0.6% in October 2022 from a month before, contributed by the rises in the indices of machinery and transport equipment (2.5%), miscellaneous manufactured articles (0.5%), and food (0.2%).
Uzir said the import volume index also increased by 0.4% in October compared with the previous month, contributed by the increases in the indices of mineral fuels (18.0%), food (4.8%), and machinery and transport equipment (0.6%).
However, the seasonally adjusted import volume index decreased by 3.0% from 195.5 points to 189.7 points. – Bernama, November 28, 2022
