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VOLUME 501

MINISTRY OF INTERNATIONAL TRADE AND INDUSTRYWeekly

B U L L ET I N12 September 2018 | NO. ISSN : 2180-0448

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July Exports- A New Record High at RM86.12 Billion

Malaysia’s total trade in July 2018 rose 9.8% from a year earlier to reach a value of RM163.95 billion. The expansion was supported mainly by higher trade with China, Hong Kong SAR, Taiwan, ASEAN, India and Saudi Arabia.

Trade Performance for the Month of July 2018 and the Period of January- July 2018

Malaysia’s exports in July 2018 registered a new high of RM86.12 billion,increasing by 9.4% year-on-year (y-o-y). Imports also recorded the highest monthly value, expanding by 10.3% to RM77.83 billion. Trade surplus rebounded by 1.7% to RM8.3 billion after a y-o-y decline of 41.1% in June 2018.

This was the 249th consecutive month of trade surplus since November 1997.On a month-on-month (m-o-m) basis, total trade, exports, imports and trade surplus grew by 8.4%, 9.6%,7.2% and 38.3%, respectively.

For the first 7 months of 2018, total trade expanded by 6.1% to RM1.069 trillion compared to the same period in 2017. Exports accelerated by 7.3% to RM568.72 billion while imports grew at a slower pace of 4.8% to RM499.91 billion. Trade surplus for this period surged by 29.7% to RM68.81 billion compared to the same period last year.

Export Performance of Major SectorsExports of Manufactured Goods Continued to Remain Buoyant Exports of manufactured goods which accounted for 84.6% of Malaysia’s total exports, continued the double-digit expansion for 2nd consecutive month, increasing by 12.6% y-o-y to RM72.82 billion in July 2018. The expansion was driven mainly by higher exports of electrical and electronic (E&E) products, chemicals and chemical products as well as manufactures of metal.

Exports of mining goods which constituted 8.5% of Malaysia’s total exports, rebounded by 7.1% to RM7.34 billion compared to the decline of 8.8% in June 2018. Higher exports were recorded for crude petroleum which increased by 90.1% or RM1.81 billion, due to higher Average Unit Value (AUV). Exports of agriculture goods which accounted for 6.4% of total exports contracted by 14.5% to RM5.49 billion. This was due to lower exports of palm oil and palm oil-based agriculture products, particularly palm oil, which decreased by 23.1% or RM904.6 million. This was on account of lower export volume and AUV for palm oil.

Major exports in July 2018:• E&E products valued at RM34.5 billion, constituting 40.1% of total exports, increased by 23.6% from July 2017;• Petroleum products, RM6.17 billion, 7.2% of total exports, decreased by 13%;• Chemicals and chemical products, RM4.79 billion, 5.6% of total exports, increased by 19.3%;• Crude petroleum, RM3.82 billion, 4.4% of total exports, increased by 90.1%; and • Manufactures of metal, RM3.75 billion, 4.4% of total exports, increased by 23.3%.

Compared to June 2018, exports of manufactured, mining and agriculture goods were higher by 8.5%, 21.6% and 13%, respectively.

In the first 7 months of 2018, exports of manufactured goods which constituted 83.6% of total exports expanded by 10% to RM475.68 billion compared to the corresponding period of 2017, mainly led by higher exports of E&E products, manufactures of metal, chemicals and chemical products, optical and scientific equipment as well as transport equipment. Exports of mining goods increased by 3.1% to RM48.4 billion (8.5% share), supported mainly by higher exports of crude petroleum. Meanwhile, exports of agriculture goods contracted by 12.8% to RM39.62 billion (7% share), owing to lower exports of palm oil and palm oil-based agriculture products.


MITI Weekly Bulletin | www.miti.gov.my

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seTrade Performance for the Month of July 2018 and the

Period of January- July 2018 (cont...)Performance of Major MarketsASEAN Absorbed 26.9% of Malaysia’s Trade Trade with ASEAN constituted 26.9% of Malaysia’s total trade, rising by 3.7% y-o-y to RM44.17 billion. Exports amounted to RM24.62 billion, an increase of 1.2%, due to higher exports of E&E products, chemicals and chemical products, transport equipment as well as manufactures of metal. Imports from ASEAN rose by 7.1% to RM19.55 billion.

Breakdown of exports to ASEAN countries in July 2018:• Singapore RM 11.88 billion, decreased by 2.0%• Thailand RM 4.95 billion, increased 6.0%• Viet Nam RM 2.97 billion, increased 12.8%• Indonesia RM 2.87 billion, increased 4.2%• Philippines RM 1.46 billion, increased 4.3%• Brunei RM 209.1 million, increased 3.6%• Myanmar RM 181.2 million, decreased 58.8%• Cambodia RM 100.7 million, decreased 4.6%• Lao PDR RM 2.6 million, decreased 40.4%

Among the major markets within ASEAN, exports to Viet Nam expanded by RM337.1 million on account of higher exports of E&E products and manufactures of metal, Thailand ( RM279.8 million, E&E products) and Indonesia ( RM115.5 million, crude petroleum). Exports to Singapore however contracted by RM236.5 million as a result of lower exports of petroleum products as well as machinery, equipment and parts. On a m-o-m basis, trade, exports and imports were greater by 10.8%, 12.8% and 8.5%, respectively.

For the first 7 months of 2018, trade with ASEAN expanded by 4% to RM288.25 billion compared to the same period of 2017. Exports to this region rose by 3.4% to RM161.77 billion contributed mainly by higher exports of E&E products, crude petroleum, manufactures of metal and transport equipment. Imports increased by4.9% to RM126.48 billion.

Double-Digit Trade Growth with China in July 2018In July 2018, trade with China which absorbed 17.3% of Malaysia’s total trade expanded by 19.4% y-o-y to RM28.31 billion. Exports to China remained strong and recorded the highest monthly export value of RM12.92 billion, a 37.5% growth compared to the year before. This was attributed to higher exports of E&E products, chemicals and chemical products, LNG, petroleum products and crude petroleum. Imports from China were up by 7.5% to RM15.39 billion. Compared to June 2018, trade and exports were higher by 5.5% and 13% respectively, while imports contracted marginally by 0.01%.

Trade with China in the first 7 months of 2018 expanded by 8.9% to RM177.49 billion compared to the same period last year. Exports to China were stronger by 12.1% to RM77.48 billion, attributed to higher exports of E&E products, chemicals and chemical products, manufactures of metal as well as optical and scientific equipment. Imports from China rose by 6.6% to RM100.01 billion.

Exports to the EU Continued to ExpandMalaysia’s trade with the EU in July 2018 stood at RM15.69 billion or 9.6% of Malaysia’s total trade, a marginal decline of 0.4% y-o-y. Exports increased by 2.2% to RM8.33 billion, stemming from higher exports of manufactures of metal, palm oil-based manufactured products, crude petroleum as well as rubber products. Imports were lower by 3.2% to RM7.35 billion.

Among the top 10 EU markets which accounted for 90.3% of Malaysia’s total exports to the EU, 7 countries registered positive growth namely, Italy ( ↑ 32.8%), France ( ↑ 19.2%), the Czech Republic ( ↑ 70.3%), Spain ( ↑ 23.7%), Slovenia ( ↑ 33.3%), Hungary ( ↑ 26.4%) and Germany ( ↑ 1.7%). On a m-o-m basis, trade, exports and imports increased by 7.9%, 8.8% and 6.9%, respectively.

In January-July 2018, trade with the EU rose by 10% to RM107.92 billion compared to the same period last year. Exports increased by 7.7% to RM58.7 billion, on account of higher exports of manufactures of metal, E&E products, chemicals and chemical products as well as iron and steel products. Imports from the EU were up by 12.9% to RM49.22 billion.

Exports to the USA ReboundedMalaysia’s trade with the United States of America (USA) in July 2018 recorded a growth of 7% to RM13.48 billion or accounted for 8.2% of Malaysia’s total trade. Exports totalled RM7.75 billion, rose by 6.7%, reversing the negative y-o-y growth registered for the previous 2 months. This was underpinned by higher exports of optical and scientific equipment, machinery, equipment and parts, manufactures of metal as well as crude petroleum. Imports expanded by 7.5% to RM5.73 billion. Compared to June 2018, trade, exports and imports were stronger by 11.4%, 10.2% and 13.1%, respectively.

↑↑



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seTrade Performance for the Month of July 2018 and the

Period of January- July 2018 (cont...)In January-July 2018, trade with the USA amounted to RM87.6 billion, contracting by 2.4% compared to the corresponding period in 2017. Exports to the USA were up by 1.7% to RM51.39 billion supported by higher exports of transport equipment, optical and scientific equipment as well as manufactures of metal. Imports from the USA declined by 7.6% to RM36.21 billion.

LNG and E&E Products Led Decline in Exports to JapanTrade with Japan in July 2018 which constituted 6.5% of Malaysia’s total trade or RM10.73 billion, contracted by 9.8% y-o-y. Exports to Japan declined by 17.1% y-o-y to RM5.35 billion. The decline was attributed mainly to lower exports of LNG and E&E products. However, higher exports were recorded for petroleum products, machinery, equipment and parts, manufactures of metal as well as wood products. Imports from Japan also decreased, by 1.2% to RM5.37 billion. On a m-o-m basis, trade and exports increased by 0.2% and 2.6%, while imports contracted by 2.2%.

Trade with Japan for the first 7 months of 2018 amounted to RM76.94 billion, lower by 4.7% from the same period last year. Exports to Japan amounted to RM40.4 billion, reduced by 9.2% on account of lower exports of LNG, E&E products as well as optical and scientific equipment. Meanwhile, products registering higher exports were manufactures of metal, chemicals and chemical products, iron and steel products as well as petroleum products. Imports from Japan however grew marginally by 0.8% to RM36.53 billion.

Trade with FTA PartnersIn July 2018, trade with Free Trade Agreement (FTA) partners rose by 7.1% to RM102.08 billion and accounted for 62.3% of Malaysia’s total trade. Exports to FTA partners amounted to RM53.64 billion, higher by 7.5% and imports expanded by 6.7% to RM48.44 billion.

Higher exports were registered to India, increasing by 16.3% to RM3.57 billion, attributed mainly to higher exports of crude petroleum, the Republic of Korea (ROK) ( ↑ 17.9% to RM2.76 billion, E&E products) and Australia ( ↑ 6.3% to RM2.82 billion, crude petroleum). Compared to June 2018, trade, exports and imports were up by 7.8%, 11.1% and 4.4%, respectively.

Trade with FTA partners for the first 7 months of 2018 rose by 3.7% to RM665.06 billion and accounted for 62.2% of Malaysia’s total trade. Exports amounted to RM348.87 billion, an increase of 3.9% while imports totalled RM316.18 billion, expanding by 3.6%.

Other Markets Registering Higher ExportsIn July 2018, other markets with significant growth in exports were Hong Kong SAR and Taiwan. Exports to Hong Kong SAR expanded by 80.8% y-o-y to RM6.45 billion, driven mainly by higher exports of E&E products. Exports to Taiwan rose by 34.7% to RM2.48 billion, buoyed mainly by higher exports of E&E products and petroleum products.

Domestic Export PerformanceIn July 2018, domestic exports which accounted for 78.3% of Malaysia’s total exports rebounded by 1.1% y-o-y to RM67.47 billion after registering a y-o-y decline the previous month. Compared to June 2018, domestic exports were higher by 7.3%. During the first 7 months of 2018, domestic export contracted marginally by 0.2% to RM449.93 billion.

Re-export PerformanceIn July 2018, re-exports were valued at RM18.65 billion, an expansion of 55.1% y-o-y. This marked the 7th consecutive month re-exports recorded a double-digit expansion since January 2018. On a m-o-m basis, re-exports grew by 18.5%. For January-July 2018, re-exports expanded by 49.3% to RM118.79 billion.

Import PerformanceIn July 2018, imports increased by 10.3% y-o-y to RM77.83 billion. The three main categories of imports by end use which accounted for 72.1% of total imports were:

• Intermediate goods, valued at RM39.86 billion or 51.2% of total imports, decreased by 0.1%, as a result of lower imports of parts and accessories of capital goods (except transport equipment), particularly electrical machinery, equipment and parts;

• Capital goods, valued at RM9.61 billion or 12.4% of total imports, expanded by 4.7%, led by higher imports of industrial transport equipment, particularly aircraft and parts; and

• Consumption goods, valued at RM6.66 billion or 8.6% of total imports, rose by 11.1%, driven by higher imports of semi-durables, particularly articles of apparel and clothing.

During January-July 2018, imports amounted to RM499.91 billion, grew by 4.8% from the corresponding period of 2017. Intermediate goods totalled RM260.51 billion, dropped by 6.5%, capital goods (RM63.76 billion, ↑ 1%) and consumption goods (RM40.9 billion, ↑ 1.4%).

Ministry of International Trade and Industry, 5 September 2018



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seYB Deputy Minister in the 20th China International

Fair for Investment and Trade (CIFIT), Xiamen and the 15th China-ASEAN Expo (CAEXPO), Nanning,

People’s Republic of China (PRC), 7–13 September 2018

Y.B. Dr. Ong Kian Ming, Deputy Minister of International Trade and Industry will lead the Malaysian delegation to the 20th CIFIT, Xiamen and the 15th CAEXPO, Nanning from 7-13 September 2018.

In Xiamen, Dr. Ong is scheduled to attend the Opening Ceremony of the 20th China International Fair for Investment and Trade (CIFIT) and visit the Haisi Pavilion which comprises booths from ASEAN countries. Besides attending the fair, the Deputy Minister will also attend the networking dinner hosted by the Governor of Fujian Province.

In addition to CIFIT, Dr. Ong will deliver a speech during the International Symposium of China’s Overseas Economic Cooperation Areas and a visit to Xiamen University campus. During the visit to Xiamen University, Dr Ong will also meet with the Malaysian students and have engagement with them.

In Nanning, Dr. Ong is scheduled to attend the Opening Ceremony of the 15th CAEXPO and China-ASEAN Business and Investment Summit (CABIS), officiate Malaysia’s Pavilion and the “Sarawak - City of Charm” by Tourism Malaysia, as well as attend a networking session with Malaysian exhibitors. Dr. Ong will also deliver remarks at the 3rd ASEAN-China Information Harbor Forum and a visit to the China-Malaysia Qinzhou Industrial Park.

Malaysia’s participation at the CAEXPO 2018 is significant as 2018 marks the 15th

Anniversary of ASEAN-China Strategic Partnership. The theme of the 15th CAEXPO is “Jointly Build the 21st Century Maritime Silk Road and Forging a China-ASEAN Community of Innovation”. The CAEXPO provides the platform for companies from Malaysia and ASEAN to showcase their products and services. Malaysia’s participation in the CAEXPO is aimed to enhance exports by Malaysian companies which target buyers and businesses from China and ASEAN.

Malaysia External Trade Development Corporation (MATRADE) is spearheading the participation of 174 Malaysian companies offering various Malaysian products and services at the 15th CAEXPO. The sectors to be promoted include Food and Beverages, Health and Wellness, Lifestyle and Services. Apart from the private sector, 12 Government Agencies and business chambers will also take part in Malaysia’s pavilion.

In 2017, Malaysia’s total trade with China increased by 20.6% to RM290.65 billion. Total exports increased by 28.0% to RM126.15 billion while total imports expanded by 15.5% to RM164.50 billion. China remained as Malaysia’s largest trading partner for 9 consecutive years since 2009.

China was Malaysia’s second largest source of foreign direct investment (FDI) in 2017 as well being the largest investor in terms of approved manufacturing projects, with investments valued at RM3.85 billion. As at June 2018, FDI stock from China reached RM16.45 billion.

For the past 14 years since its establishment, CAEXPO has been a key platform to promote and facilitate the access of Malaysian Small and Medium Enterprises’ (SMEs) into China and ASEAN market. It is important for Malaysia to continue the efforts to promote exports to China. MITI is confident that the participation of Malaysia in both CIFIT and CAEXPO will translate into greater economic success for both nations.

Ministry of International Trade & Industry7 September 2018



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seY.B. Minister’s Participation in World Economic Forum on ASEAN 2018, 11 – 13 September 2018, Ha Noi, Viet Nam

Y.B. Darell Leiking, Minister of International Trade and Industry will be participating in the World Economic Forum on (WEF) on ASEAN 2018 which will be held on 11th to 13th September 2018 in Ha Noi, Viet Nam.

The WEF is an independent international organisation for public-private cooperation, established four (4) decades ago with a mission to improve the economic state of the world. Besides its annual meeting in Davos held in January each year, WEF also organises meetings at the regional level for example in Middle East, China, India, Latin America and North Africa. Malaysia was the first to host the WEF on ASEAN in 2016 and for this year, Viet Nam has been selected as the host country. The Forum offers an ideal platform for greater collaboration between industry, government and civil society in shaping the future and tapping the full potential of ASEAN, a region with a population of 640 million people of which more than half are under the age of 30.

The theme for 2018 is “ASEAN 4.0: Entrepreneurship and the Fourth Industrial Revolution”, in which the participants will address strategic issues on three main pillars i.e. Entrepreneurship to Craft New Approaches to Regional and Global Governance; Entrepreneurship to Drive Economic and Business Dynamism; and Entrepreneurship to Shape Social Inclusion. Approximately 900 participants including Head of State/Governments, government representatives, global corporate leaders and start-ups are expected to attend this Forum in Viet Nam.

Y.B. Darell Leiking has been invited by WEF to participate in a few sessions covering topics such as “Trade in Trouble: Navigating Geo-Economic Tensions”, “Embracing Disruption: ASEAN’s Digital Future” and “Accelerating Trade and Investment in Asia Pacific”. Other sideline meetings include bilateral and one-to-one meetings with Trade Ministers, Malaysian based companies in Viet Nam and global companies attending the Forum such as Google, Nissan, Shire, IBM and Agility.

There is also a sizeable presence of Malaysian private sector companies in the Forum. Among the companies invited to attend WEF are CIMB Group, Air Asia, Petronas, Axiata, Astro, UEM Edgenta and Catcha Group.

Participation in the Forum provides an opportunity for Malaysia to assure the global business community, especially from ASEAN countries and our dialogue partners, of Malaysia’s commitment in making her the preferred destination for trade and investment. The networking sessions with regionalbusinesses and foreign investors provide opportunities for Malaysia to attract quality investments with high value added, capital-intensive and high-technology production into the country. As theMinistry leading the Industry 4.0 in Malaysia, Y.B. Darell Leiking will also be able to use this platform to share Malaysia’s experiences in transforming the direction of production and manufacturing industries towards digitalization as well as learn best practices from other countries.

Ministry of International Trade and Industry11 September 2018


MITI Weekly Bulletin | www.miti.gov.myMITI Weekly Bulletin | www.miti.gov.my

Trade Performance, January - July 2018M

alay

sia

Stat

isti

cs

January- July 2018 exports and imports recorded a value of RM568.7 billion and RM499.9 billion respectively.

Source: Department of Statistics, Malaysia

Tota

l Tra

de

RM1,068.6 bil.6.1%

Trad

e B

alan

ce

RM68.8 bil.29.7%

Exports7.3%, RM568.7 bil.

Imports4.8%, RM499.9 bil.

Major Exports Major ImportsE&E Products

4.6%RM147.9 bil.29.6%share

E&E Products

12.6%RM213.5 bil.37.5%share

Petroleum Products

10.9%RM48.0 bil.9.6%share

Petroleum Products


Chemicals & Chemical Products

18.1%RM31.8 bil.

5.6%share

Chemicals & Chemical Products

8.9%RM46.5 bil.9.3%shareImports

Exports

RM568.7 bil.

RM499.9 bil.

Manufacture of Metals

29.8%RM27.0 bil.

4.7%share

Palm Oil & Palm Oil Based Agriculture Products

14.1%RM26.8 bil.

4.7%share

Machinery, Equipment & Parts


Transport Equipment






Major Export Destinations, January - July 2018M

alay

sia

Stat

isti

csLargest export destinations are to P.R.China

13.6%

Singapore13.5%

USA9.0%

Hong Kong7.4%

Japan7.1%

Thailand5.8%

India3.8%

Viet Nam3.5%

Indonesia3.3%

R.O.Korea3.2%

Others29.8%

Total ExportRM568.7 bil.

Major Import Sources, January - July 2018Biggest import sources are from P.R. China

20.0%

Singapore11.6%

Japan7.3%

USA7.2%

Taiwan7.1%

Thailand5.6%

Indonesia4.5%

R.O.Korea4.5%

Germany3.1%

India2.9%

Others26.2%

Total ImportRM499.9 bil.

Source: Department of Statistics, Malaysia



M a l a y s i a w a s r a n k e d n u m b e r o n e e x p o r t e r o f Methionine*, i n 2 0 1 7

Inte

rnat

iona

l St

atis

tics

1.8% 5.8% 7.5% 29.2% 48.5%

MA

LAYS

IA

PRC

NET

HER

LAN

DS

RUSS

IA

ITA

LY

US$

8.24

m

US$

26.1

7m

US$

33.6

4m

US$

131.

01m

US$

217.

85m

Malaysia’s Top Five Export Destinations for Methionine*, in 2017

CN

DE

IN

PK

VN

MALAYSIA

CHINAUS$75.63m

34.7%germanY US$12.55m

5.8%

pakistan US$12.15m

5.6%

5.6%US$12.22m

india5.3%

US$11.58mvietnam

Notes : - % Share in Malaysia’s export - *Refers to HS 293040. Methionine is an amino acid.

Source: http://www.trademap.org/Index.aspx



5.3%US$11.58mvietnam

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

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ASEAN-Japan Comprehensive Economic Partnership (AJCEP)


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ASEAN-India Free Trade Agreement (AIFTA)


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



MITI Weekly Bulletin | www.miti.gov.myMITI Weekly Bulletin | www.miti.gov.my

Number and Value of Preferential Certificates of Origin (PCOs)

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15 J

ul

22 J

ul

29 J

ul

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Chile Free Trade Agreement (MCFTA)


0

50

100

150

200

250

300

350

400

450

0

10

20

30

40

50

60

70

80

17 J

un

24 J

un

1 Ju

l

8 Ju

l

15 J

ul

22 J

ul

29 J

ul

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)


0

100

200

300

400

500

600

0

10

20

30

40

50

60

70

17 J

un

24 J

un

1 Ju

l

8 Ju

l

15 J

ul

22 J

ul

29 J

ul

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

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

0

50

100

150

200

250

300

17 J

un

24 J

un

1 Ju

l

8 Ju

l

15 J

ul

22 J

ul

29 J

ul

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

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 2017 - August 2018

US Dollar

Chinese Yuan

Thai Baht

Japanese Yen

Singapore Dollar

New Taiwan Dollar

4.4596

3.8862

4.0917

3.50

3.60

3.70

3.80

3.90

4.00

4.10

4.20

4.30

4.40

4.50

4.60

Jan

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug

2017 2018

RM

USD 1 = RM

0.6466 0.6468

0.5974

0.57

0.58

0.59

0.60

0.61

0.62

0.63

0.64

0.65

0.66

Jan

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug

2017 2018

RM

CNY 1 = RM

12.5766

12.8790

12.1699

12.3750

11.80

12.00

12.20

12.40

12.60

12.80

13.00

Jan

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug

2017 2018

RM

THB 100 = RM

3.8818

4.0057

3.5615

3.6829

3.30

3.40

3.50

3.60

3.70

3.80

3.90

4.00

4.10

Jan

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug

2017 2018RM

JPY 100 = RM

3.1214

3.1583

2.9555

2.9896

2.85

2.90

2.95

3.00

3.05

3.10

3.15

3.20

Jan

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug

2017 2018

RM

SGD 1 = RM

14.0734

14.5092

13.2323

13.3239

12.50

13.00

13.50

14.00

14.50

15.00

Jan

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug

2017 2018

RM

TWD 100 = RM



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

Domestic Prices7 Sep 2018

Steel Bars(per MT)

RM2,400– RM2,550

Billets(per MT)

RM2,200– RM2,300

CRUDE PETROLEUM (BRENT) -per bbl-

0.8%*US$76.8

7 Sep 2018

CRUDE PALM OIL -per MT-

3.2%*US$562.5

7 Sep 2018

RUBBER SMR 20 -per MT-

2.0%*US$1,322.5

7 Sep 2018

COCOA SMC 2 -per MT-

1.6%*US$1,472.2

7 Sep 2018

COAL -per MT-

0.8%*US$70.6

7 Sep 2018

SUGAR -per lbs-

3.9%*US¢11.0

7 Sep 2018

SCRAP IRON HMS -per MT-

%*US$380.0

(high)

7 Sep 2018

%*US$360.0

(low)

29 Dec 2017 : US$66.9

Highest2017/2018

29 June 2018 : US$79.4

9 Feb 2018 : US$62.8 23 June 2017 : US$45.5

Lowest2017/2018

20 Jan 2017 : US$843.0

Highest2017/2018

9 Mar 2018 : US$691.5

10 Aug 2018 : US$570.5 30 June 2017 : US$650.0

Lowest2017/2018

Average Price 2017 i : US$55.0 Average Price 2017 i : US$719.7

Average Price 2017 i : US$1,646.6 Average Price 2017 i : US$1,439.0 Average Price 2017 i : US¢15.8

Average Price 2017 i : US$314.5Average Price 2017 i : US$57.2


16.4

16.1 16.1

15.8

15.5 15.5 15.515.3

14.6

14.9

14.6

14.2

13.0

13.5

14.0

14.5

15.0

15.5

16.0

16.5

17.0

22 June 29 June 6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 31 Aug 7 Sep

US$

/oz

Silver

40.7

40.2 40.4

40.1

39.2

39.5

39.1 39.0

38.0

38.5 38.5 38.6

36.5

37.0

37.5

38.0

38.5

39.0

39.5

40.0

40.5

41.0


US$

/oz

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.

1,79

1 1,86

1

1,90

1

1,92

1

1,91

3

1,88

5

1,90

3

2,03

0 2,09

6

2,13

1

2,09

7

2,08

0

2,21

0

2,18

2

2,06

9

2,25

5 2,30

0

2,23

8

2,08

2

2,05

2

1,400

1,500

1,600

1,700

1,800

1,900

2,000

2,100

2,200

2,300

2,400

Jan

Feb

Mar

Apr

May Jun

Jul

Aug Se

p

Oct

No

v

Dec Jan

Feb

Mar

Apr

May Jun

Jul

Aug

2017 2018

US$

/ to

nn

e

Aluminium

5,75

5 5,94

1

5,82

5

5,68

4

5,60

0

5,72

0

5,98

5

6,48

6

6,57

7 6,80

8

6,82

7

6,83

4 7,06

6

7,00

7

6,79

9

6,85

2

6,82

5 6,96

6

6,25

1

6,05

1

4,000

4,500

5,000

5,500

6,000

6,500

7,000

7,500

Jan

Feb

Mar

Apr

May Jun Jul

Aug Se

p

Oct

No

v

Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug

2017 2018

US$

/ to

nn

e

Copper

9,97

1 10,6

43

10,2

05

9,60

9

9,15

5

8,93

2 9,49

1

10,8

90

11,2

16

11,3

36

11,9

72

11,4

95

12,8

65 13

,596

13,3

93

13,9

38

14,3

66 15

,106

13,7

94

13,4

11

7,000

8,000

9,000

10,000

11,000

12,000

13,000

14,000

15,000

16,000

Jan

Feb

Mar

Apr

May Jun Jul

Aug Se

p

Oct

No

v

Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug

2017 2018

US$

/ to

nn

e

Nickel

Commodity Price Trends

80

.41

89

.44

87

.65

70

.22

62

.43

57

.48

67

.74

76

.07

71

.53

61

.66

64

.24

72

.25 7

6.3

4

77

.46

70

.35

65

.75

66

.10

65

.04

64

.56

67

.15

30.0

40.0

50.0

60.0

70.0

80.0

90.0

100.0

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

2017 2018

US$

/dm

tu

Iron Ore

870.0

854.0 848.6

830.3 829.5 831.7836.9

829.6

777.3

789.4 787.1780.4

720.0

740.0

760.0

780.0

800.0

820.0

840.0

860.0

880.0


US$

/oz

Platinum

390.0 390.0 390.0 390.0 390.0

380.0 380.0 380.0 380.0 380.0 380.0 380.0

375.0 375.0 375.0 375.0 375.0

360.0 360.0 360.0 360.0 360.0 360.0 360.0

300

310

320

330

340

350

360

370

380

390

400


US

$/m

t

Scrap Iron

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

61.0

62.3

63.864.4 64.6

65.2 65.2 65.3 65.4

66.7

70.070.6

56.0

58.0

60.0

62.0

64.0

66.0

68.0

70.0

72.0


US

$/t

Coal



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.

1,607.1

1,646.7

1,612.5

1,633.7

1,463.5

1,489.2

1,408.5

1,311.4 1,303.6

1,423.5

1,448.61,472.2

1,200

1,250

1,300

1,350

1,400

1,450

1,500

1,550

1,600

1,650

1,700

22 June29 June 6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 30 Aug 7 Sep

US$

/mt

Cocoa

2,474 2,461 2,450 2,459 2,4442,386

2,301

2,1902,152 2,150

1,984

1,868

1,500.0

1,700.0

1,900.0

2,100.0

2,300.0

2,500.0

2,700.0


US$

/mt

Pepper

1,352.01,354.5

1,316.0 1,314.5

1,342.5

1,332.5

1,316.5

1,349.0

1,339.5

1,373.5

1,349.0

1,322.5

1,270

1,280

1,290

1,300

1,310

1,320

1,330

1,340

1,350

1,360

1,370

1,380


US$

/mt

Rubber SMR 20

68.6

74.2 73.8

71.0 70.5

68.7 68.567.6

65.9

68.769.8

67.8

75.6

79.4

77.1

75.3

73.174.3

73.2 72.871.8

75.877.4 76.8

50

55

60

65

70

75

80

85


US$

/bbl

Crude Petroleum

Crude Petroleum (WTI)/bbl Crude Petroleum (Brent)/bbl

635.5

609.5 610.5

602.0605.0

587.5

572.5 570.5 569.0

545.0 545.0

562.5

530

550

570

590

610

630

650


US$

/mt

Crude Palm Oil

12.4

12.3

11.5

11.0

11.1

10.9 10.9

10.5

10.2 10.2

10.6

11.0

10.0

10.5

11.0

11.5

12.0

12.5

13.0


US¢

/lbs

Sugar


MIT

I PR

OG

RAM

MES

YB MITI Minister Working Visit to Bangkok, Thailand on 6-8 September 2018



MIT

I PR

OG

RAM

MES

YB Deputy Minister in the 20th China InternationalFair for Investment and Trade (CIFIT), Xiamen, PRC

on 8 September 2018



MIT

I PR

OG

RAM

MES

YB Deputy Minister in the International Symposium of China's Overseas Economic Cooperation Areas, Xiamen, PRC

on 9 September 2018



Source: http://www.miti.gov.my/index.php/glossary

of Technical TermsSITS ComponentsInternational trade in services is classified broadly into 12 components:

Manufacturing services on physical inputs owned by othersIt covers fees charged by the processor to owner of the goods for manufacturing activities done (i.e., processing, assembly, packing or labelling). Recognition of this type of services is parallel with the treatment of exclusion goods for processing (with no change of ownership) from exports and imports goods compilation in balance of payments statistics.

Maintenance and Repair ServicesIncludes maintenance and repair works by residents on goods owned by non-residents (and vice versa). The repairs may be performed at the site of the repairer or elsewhere. Maintenance and repairs on ships, aircraft and other transport equipment are included.Exclude:• Cleaning of transport equipment (included in transport services);• Construction repairs and maintenance (included in construction); and• Maintenance and repairs of computers (included in computer services). TransportTransport covers all modes of transportation namely sea, air, other modes (including land, internal waterway, space, and pipeline) and postal and courier services. It involves the carriage of passengers, freight (movement of goods), other transport services and postal and courier services.

TravelThe item refers to the goods and services such as accommodation, meals, entertainment, internal transportation and gifts and souvenirs acquired from Malaysia by visitors during their stay in Malaysia and from abroad by Malaysian visitors travelling overseas. Expenditure by ships/carriers crews are also taken into account. The international carriage of visitors is recorded under transport services. Both types of visitors namely tourists and excursionists are included in the compilation.

ConstructionConstruction services cover both new and repair work. Construction is valued on a gross basis inclusive of all goods and services used as input to the work and other cost of production. This relates to site preparation work, construction and completion work for buildings (painting, plumbing, demolition, etc.), construction work for civil engineering, installation of machinery and assembly work and other construction (such as renting services of construction or demolition equipment with operator; exterior cleaning work of building, etc..

Insurance and Pension ServicesCovers the services of providing life insurance, non-life insurance, reinsurance, freight insurance, pensions and auxiliary services to insurance.

Financial ServicesCovers both explicit and implicit charges for financial intermediation and auxiliary services (except those of insurance enterprises and pension funds) conducted between residents and non-residents. The explicit charges included deposit and lending services (e.g. application and commitment fees, fees for one-off guarantees, early or late repayment fees or penalties, and account charges). Also included are commissions and other fees related to letters of credit, bankers’ acceptances, lines of credit, financial leasing, foreign exchange transactions, commissions and other fees related to transactions in securities, commissions of commodity futures traders, services related to asset management, financial market operational and regulatory services, security custody services but excluded interest. The implicit charges is measured by FISIM which using reference rate concept to represent services element between actual and reference interest rate on loans and deposits.



of Technical Terms

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MITI New Delhi Name : Mohd Iqbal Mohd Noor Designation : Minister Counselor (Economy) MITI New DelhiContact No : 91-11 2415 9303Email : [email protected]

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Happy Malaysia Day 201816 September 2018

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