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VOLUME 555
MINISTRY OF INTERNATIONAL TRADE AND INDUSTRYWeekly
B U L L ET I N8 October 2019 | NO. ISSN : 2180-0448
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TRADE PERFORMANCE FOR AUGUST 2019 AND THE PERIOD OF JANUARY- AUGUST 2019
Trade Surplus Sustained Above RM10 Billion
Malaysia’s trade surplus in August 2019 was valued at RM10.92 billion, surged by 655.2% compared to August 2018 and marked the 262nd consecutive months of trade surplus since November 1997.
Exports slipped by 0.8% year-on-year (y-o-y) to RM81.36 billion. Lower exports were recorded to Hong Kong SAR, Australia, Taiwan, China, New Zealand, the Republic of Korea (ROK) and ASEAN. Meanwhile, increases in exports were registered to Bangladesh, India, the United States (US) and the European Union (EU).Imports amounted to RM70.43 billion, a contraction of 12.5% from August 2018. Total trade was valued at RM151.79 billion, lower by 6.6% y-o-y.
On a month-on-month (m-o-m) basis, total trade, exports, imports and trade surplus registered a decline of 6.1%, 7.5%, 4.4% and 23.5%, respectively.For the first 8 months of 2019, total trade stood at RM1.209 trillion, declining by 2.1% compared to the same period of 2018. Exports amounted to RM650.81 billion, decreased marginally by 0.4% while imports contracted by 4% to RM558.26 billion. Trade surplus increased by 28.7% to RM92.55 billion.
Export Performance of Major Sectors
Manufactures of Metal Led Manufactured Exports in August 2019
Exports of manufactured goods in August 2019 which accounted for 84.4% of total exports, grew by 0.1% to RM68.64 billion. The expansion was contributed mainly by higher exports of manufactures of metal, transport equipment, iron and steel products, petroleum products, processed food as well as machinery, equipment and parts.
Exports of mining goods (7.4% share) was valued at RM6.01 billion, declined by 20.7% on account of lower exports of crude petroleum registering lower volume and Average Unit Value (AUV).
On a positive note, exports of agriculture goods rose by 13% to RM5.98 billion (7.4%
share), buoyed by higher exports of palm oil and palm oil-based agriculture products. Exports of palm oil recorded an increase of 31.4% to RM3.65 billion following higher volume.
Major exports in August 2019:
•Electrical and electronic (E&E) products, valued at RM29.67 billion and constituted 36.5% of total exports, decreased by 7.4% from August 2018; •Petroleum products, RM5.43 billion, 6.7% of total exports, increased by 7%;•Chemicals and chemical products, RM4.77 billion, 5.9% of total exports, decreased by 4.5%; •Palm oil & palm oil-based agriculture products, RM4.08 billion, 5% of total exports, increased by 23.3%; and•Manufactures of metal, RM3.96 billion, 4.9% of total exports, increased by 19.2%.
Compared to July 2019, exports of agriculture goods increased double-digit by 21.4%, while manufactured and mining goods exports declined by 9.4% and 9%, respectively.
During January to August 2019, exports of manufactured goods grew by 0.7% to RM548.34 billion compared to the same period of 2018, led by higher exports of iron and steel products, E&E products, processed food as well as chemicals and chemical products. Exports of mining goods contracted by 3.8% to RM54.51 billion due mainly to lower exports of crude petroleum. Exports of agriculture goods decreased by 4.2% to RM43.05 billion on account of
YB Datuk Darell Leiking Minister of International Trade & Industry
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lower exports of palm oil and palm oil-based agriculture products.
Trade Performance with Major Markets Exports to ASEAN Remained Firm for the First 8 Months
Trade with ASEAN in August 2019 which made up 26.2% of Malaysia’s total trade decreased by 8.5% y-o-y to RM39.78 billion. Exports to ASEAN decreased by 1.2% to RM22.92 billion, owing to lower exports of E&E products, petroleum products, jewellery as well as palm oil and palm oil-based agriculture products. Meanwhile, machinery, equipment and parts, iron and steel products and crude petroleum recorded expansion. Imports from ASEAN contracted by 16.9% to RM16.87 billion.
Breakdown of exports to ASEAN countries:•Singapore RM10.94 billion, decreased by 7.2%•Thailand RM4.25 billion, ↓8.3%•Viet Nam RM2.96 billion, ↑24.6% •Indonesia RM2.59 billion, ↑10.3%•Philippines RM1.49 billion, ↓1.8%•Cambodia RM289.0million, ↑144.5%•Brunei RM201.3 million, ↑10.7%•Myanmar RM184.7 million, ↓16.4% •Lao PDR RM2.8 million, ↓53.8%
Exports to major markets in ASEAN that recorded expansion were Viet Nam, which increased by RM585.8 million due to higher exports of manufactures of metal, Indonesia (↑RM242.4 million, iron and steel products) and Cambodia (↑RM170.8 million, petroleum products).
On a m-o-m basis, trade, exports and imports recorded a decline of 7%, 9.1% and 4% respectively.
From January to August 2019, trade with ASEAN contracted by 3.5% to RM321.88 billion compared to the same period of 2018. Exports to this region expanded by 0.6% to RM187.48 billion, led by higher exports of iron and steel products, E&E products, machinery, equipment and parts, liquefied natural gas (LNG) as well as petroleum condensates and other petroleum oil. Imports slipped by 8.6% to RM134.39 billion.
Exports of Palm Oil and Palm Oil-Based Agriculture Products to China Doubled in August
In August 2019, trade with China which represented 17.4% of Malaysia’s total trade or RM26.47 billion, decreased by 7.9% y-o-y. Exports was valued at RM11.49 billion, reduced by 2.8% on lower exports of E&E products, crude petroleum, metalliferous ores and metal scrap as well as chemicals and chemical products. However, exports of palm oil and
palm oil-based agriculture products recorded an increase of 102.8%. Other products that recorded increases were manufactures of metal as well as iron and steel products. Imports from China declined by 11.5% to RM14.97 billion.
Compared to July 2019, trade, exports and imports dipped by 7.1%, 13.9% and 1.2%, respectively.
Trade with China for the period of January to August 2019 stood at RM203.73 billion, contracting by 1.2% compared to the same period of 2018. Exports to China reduced marginally by 0.1% to RM88.96 billion, due to lower exports of E&E products, rubber products, crude petroleum as well as optical and scientific equipment. However, exports expansion was seen for LNG, chemicals and chemical products, iron and steel products as well as manufactures of metal. Imports from China registered a decrease of 2% to RM114.77 billion.
EU – Exports Rose by 5.3% y-o-y
Trade with the EU which contributed 9.5% to Malaysia’s total trade in August 2019, fell by 7.8% y-o-y to RM14.47 billion. Exports amounted to RM8.05 billion, increasing by 5.3% on account of larger exports of E&E products, palm oil-based manufactured products, transport equipment and processed food. Imports from the EU totalled RM6.42 billion, decreased by 20.3%.
Among the top 10 EU markets which accounted for 89.6% of Malaysia’s total exports to the EU, exports to 4 countries recorded increases namely, the Netherlands (↑42.5%), the United Kingdom (UK) (↑12.9%), Spain (↑14.0%) and Hungary (↑1.6%).
On a m-o-m basis, trade, exports and imports fell by 1.6%, 0.7% and 2.9%, respectively.
For the first 8 months of 2019, trade with the EU was valued at RM118.69 billion, decreased by 4% compared to the same period of 2018. Exports amounted to RM65.46 billion, contracted by 1.4% due to lower exports of manufactures of metal, palm oil and palm oil-based agriculture products as well as chemicals and chemical products. Increases in exports were recorded for E&E products, petroleum products as well as machinery, equipment and parts. Imports from the EU decreased by 7.1% to RM53.24 billion.
Fifth Consecutive Month of Export Growth to the US
Trade with the US in August 2019 grew by 3.8% y-o-y to RM14.44 billion, accounting for 9.5% of Malaysia’s total trade. Exports to the US continued to grow for 5 straight
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months with an expansion of 6.8% y-o-y to RM8.32 billion in August 2019 which was buoyed by higher exports of E&E products, transport equipment, wood products as well as manufactures of plastics. Imports from the US rose marginally by 0.1% to RM6.11 billion.
Compared to July 2019, trade and imports increased by 2.8% and 7.5%, respectively while exports contracted by 0.4%.
During the first 8 months of 2019, trade with the US expanded by 4.9% to RM106.48 billion compared to the same period of 2018. Exports grew by 4.3% to RM61.77 billion driven by higher exports of E&E products, wood products, manufactures of plastics, processed food and rubber products. Imports from the US increased by 5.6% to RM44.71 billion.
Exports to Japan Up 2.4% y-o-y
In August 2019, trade with Japan which represented 6.8% of Malaysia’s total trade stood at RM10.26 billion, a decrease of 1.4% y-o-y. Exports totalled RM4.96 billion, increasing by 2.4% due to higher exports of manufactures of metal, E&E products, metalliferous ores and metal scrap as well as transport equipment. Imports from Japan contracted by 4.7% to RM5.3 billion.
On a m-o-m basis, trade, exports and imports declined by 2.5%, 4.6% and 0.4%, respectively.
For the period of January to August 2019, trade with Japan was valued at RM84.84 billion, decreased by 3.9% compared to the same period of 2018. Exports amounted to RM44.05 billion, a decline of 4.1% due to lower exports of LNG, optical and scientific equipment as well as palm oil-based manufactured products. Increases in exports were recorded for transport equipment, manufactures of metal, textiles, apparels and footwear as well as processed food. Imports from Japan were lower by 3.7% to RM40.8 billion.
Trade with FTA Partners
In August 2019, trade with Free Trade Agreement (FTA) partners which constituted 61.9% of Malaysia’s total trade stood at RM93.95 billion, a decline of 6.6% y-o-y. Exports to FTA partners was valued at RM49.09 billion, a decrease of 2.4% and imports totalled RM44.86 billion, a contraction of 10.8%.
Increases in exports were recorded to India, by 18.4% to RM3.61 billion, Pakistan (↑26% to RM375.4 million) and Turkey (↑13.8% to RM543.2 million), mainly attributed by higher uptake of palm oil and palm oil-based agriculture products.
Compared to July 2019, trade, exports and imports recorded a decrease of 6.4%, 8.7% and 3.8%, respectively.
Trade with FTA partners for the first 8 months of 2019 which made up 62% of Malaysia’s total trade amounted to RM749.14 billion, declined by 2.5%. Exports were valued at RM398.81 billion, a marginal decrease of 0.6% while imports reduced by 4.7% to RM350.33 billion.
Import Performance
Total imports in August 2019 contracted by 12.5% to RM70.43 billion from RM80.54 billion in August 2018. The three main categories of imports by end use which accounted for 75.7% of total imports were: •Intermediate goods, valued at RM39.02 billion or 55.4% share of total imports, decreased by 13.9%, following lower imports of processed industrial supplies particularly non-monetary gold;
•Capital goods, valued at RM8.06 billion or 11.4% of total imports, down by 31%, due mainly to lower imports of capital good (except transport equipment) particularly parts of machinery and mechanical appliances; and
•Consumption goods, valued at RM6.22 billion or 8.8% of total imports, contracted by 12.8%, as a result of lower imports of semi-durables particularly knitted apparel and clothing accessories.
During January to August 2019, imports amounted to RM558.26 billion, declined by 4% from the same period of 2018. Intermediate goods totalled RM306.84 billion, decreased by 0.05%, capital goods (RM65.59 billion, ↓13.3%) and consumption goods (RM48.38 billion, ↑0.4%).
Ministry of International Trade and Industry 4 October 2019
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MALAYSIA’S EXTERNAL TRADE, AUGUST 2019
Source: Department of Statistics, Malaysia
Note: % refer to Y-o-Y Growth
Note: % share to total trade
Mal
aysi
a St
atis
tics
Exports (RM billion)
81.98
81.36
Aug 2018 Aug 2019
Imports (RM billion)
- =80.54
70.43
Aug 2018 Aug 2019
Trade Balance(RM billion)
1.45
10.92
Aug 2018 Aug 2019
Trade surplus sustained above 10 billion
0.8% 12.5% 655.2%
Malaysia's Top Five Trading Partners, August 2019
17.4%
PRC RM26.5 billion
11.9%
9.5% USA RM14.4 billion 6.8%
Japan RM10.3 billion
5.2%
Thailand RM7.9 billion
Singapore RM18.1 billion
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JAPAN
MAJOR IMPORT PRODUCTS
MAJOR EXPORT PRODUCTS
MAJOR IMPORT SOURCES
Mal
aysi
a St
atis
tics
MAJOR EXPORT MARKETS
RM11.49 bil.
14.1%
RM10.94 bil.
13.4%
RM8.32 bil. 10.2%
PRC SINGAPOREUSA
Source: Department of Statistics, Malaysia
E&E ProductsRM29.67 bil.
-7.4%Petroleum Products
RM5.43 bil.7.0%
Chemicals & Chemical ProductsRM4.77 bil.
-4.5%
Manufactures of MetalRM3.96 bil.
19.2%
Palm Oil & Palm Oil Based Agriculture Products
RM4.08 bil.23.3%
1 2
3 4
5
E&E ProductsRM20.85 bil.
29.6%Machinery, Equipment & Parts
RM5.71 bil.8.1%
Chemicals & Chemical ProductsRM7.48 bil.
10.6%
Transport EquipmentRM3.56 bil.
5.1%
Petroleum ProductsRM5.68 bil.
8.1%
1 2
3 4
5
RM14.97 bil.
21.3%
RM7.16 bil.
10.2%
RM6.11 bil. 8.7%
PRC SINGAPOREUSA
Note: % share to total exports
Note: % share to total exports
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Mal
aysi
a St
atis
tics
Principal Statistics of Salaries and Wages, 2018
Source: Department of Statistics, Malaysia
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Mer
chan
dise
Tra
de S
tati
stic
s
Sources: https://www.trademap.org/index.aspx
Sources: https://www.trademap.org/index.aspx
TOP FIVE MALAYSIA EXPORT DESTINATIONS
Japan US$59.8mil, 37.67%
China US$24.2mil, 15.28%
USA US$22.4mil, 14.22%
ROK US$11.1mil, 7.03%
Taipei US$9.9mil, 6.25%
12
3
4
5 Notes: -*HS290517-% refer to share in Malaysia's exports
WORLD LARGEST EXPORTERS OF DODECAN-1-OL “LAURYL ALCOHOL”, HEXADECAN-1-OL “CETYL ALCOHOL” AND OCTADECAN-1-OL “STEARYL ALCOHOL”*
1MalaysiaUS$158.6m30.2%
2PhilippinesUS$124.0m23.6%
4NetherlandsUS$43.0m8.2% 3 Indonesia
US$69.7m13.3%
5GermanyUS$40.7m7.2%
In 2018, Malaysia’s export of Dodecan-1-ol “lauryl alcohol”, hexadecan-1-ol “cetyl alcohol” and octadecan-1-ol “stearyl alcohol” recorded US$158.6 million with 30.2%
share to the world exports
Notes: -*HS290517 -% refer to share in world exports
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#MyAPEC2020 | Malaysia
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Malaysia's Major Export Products to APEC, 2018
Notes: -HS refer to harmonised code-% refer to share in Malaysia's exports to APEC
US$7.44bil,5.71%
US$9.61bil, 6.86%
US$9.83bil, 9.58%
US$10.40bil, 8.05%
US$24.01bil, 16.29%
HS 270900
HS 854239
HS 271111
HS 271019
HS 854231Electronic integrated circuits as processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits
Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel
Natural gas, liquefied
Electronic integrated circuits(excluding such as processors,controllers, memoriesand amplifiers)
Petroleum oils and oils obtained from bituminousminerals, crude
12
3
4
5
In 2018, Malaysia's top 5 export products accounted for 31.85% of the overall of Malaysia exports to APEC
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Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia
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Sales Value
Number and Value of Preferential Certificates of Origin (PCOs)
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Malaysia-Pakistan Closer Economic Partnership Agreement (MPCEPA)
Total FOB (RM mil.) Total CO
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1
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Malaysia-New Zealand Free Trade Agreement (MNZFTA)
Total FOB (RM mil.) Total CO
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Malaysia-Chile Free Trade Agreement (MCFTA)
Total FOB (RM mil.) Total CO
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Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)
Total FOB (RM mil.) Total CO
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Malaysia-Australia Free Trade Agreement (MAFTA)
Total FOB (RM mil.) Total CO
0
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120
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160
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No.
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Malaysia-Turkey Free Trade Agreement (MTFTA)
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Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia
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Source : Bank Negara Malaysia
Malaysian Ringgit Exchange Rate with Selected Countries,January 2018 - September 2019
US Dollar
Euro
South Korean Won
Pound Sterling
Australian Dollar
Brunei Dollar
3.9578
3.8862
4.1881 4.1855
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
Ma
r
Apr
Ma
y
Jun
Jul
Aug Se
p
Oct
Nov
Dec Ja
n
Feb
Ma
r
Apr
Ma
y
Jun
Jul
Aug Se
p
2018 2019
RM
USD 1 = RM
4.8189 4.8325
4.6074
4.45
4.50
4.55
4.60
4.65
4.70
4.75
4.80
4.85
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 Se
p
2018 2019
RM
EUR 1 = RM
0.3712 0.3719
0.3461
0.3500
0.33
0.34
0.34
0.35
0.35
0.36
0.36
0.37
0.37
0.38
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 Se
p
2018 2019
RM
KRW 100 = RM
5.4557 5.4755
5.0895
5.1703
4.80
4.90
5.00
5.10
5.20
5.30
5.40
5.50
5.60
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 Se
p
2018 2019RM
GBP 1 = RM
3.1427
2.8356
2.8478
2.65
2.70
2.75
2.80
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 Se
p2018 2019
RM
AUD 1 = RM
2.9736
2.9452
3.0540
3.0329
2.88
2.90
2.92
2.94
2.96
2.98
3.00
3.02
3.04
3.06
3.08
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 Se
p
2018 2019
RM
BND 1 = RM
12MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
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5.7%*US$58.4
%*US$43.6
1.1%* US$1,696.9
3.8%*US$250.0
(high)
4 October 2019
2.2%*US$225.0
(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-
4 October 2019
CRUDE PALM OIL -per MT-
5.1%*US$538.5
4 October 2019
RUBBER SMR 20 -per MT-
2.3%*US$1252.5
COCOA SMC 2 -per MT-
COAL -per MT-
SUGAR -per lbs-
1.1%*US$12.8
SCRAP IRON HMS -per MT-
5 Oct 2018 : US$84.2
Highest2018/2019
17 May 2019 : US$72.2
9 Aug 2019 : US$54.5 28 Dec 2018 : US$52.2
Lowest2018/2019
9 Mar 2018 : US$691.5
Highest2018/2019
20 Sep 2019 : US$579.5
26 July 2019 : US$488.5 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$66.9
Domestic Prices4 October 2019
Steel Bars(per MT)
RM1,830– RM1,980
Billets(per MT)
RM1,650 - RM1,700
4 October 2019 4 October 2019 4 October 2019
4 October 2019
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Commodity Price Trends
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
1,606.0
1,620.1
1,552.7
1,444.8
1,344.7 1,354.4
1,308.6
1,370.6
1,518.8
1,633.0
1,677.8
1,696.9
1,300
1,350
1,400
1,450
1,500
1,550
1,600
1,650
1,700
19 July 26 July 2 Aug 9 Aug 16 Aug 23 Aug 30 Aug 6 Sep 13 Sep 20 Sep 27 Sep 4 Oct
US$
/mt
Cocoa
2,385 2,3792,359
2,341
2,226
2,116
2,0502,059 2,066
2,0272,002 2,004
1,800.0
1,900.0
2,000.0
2,100.0
2,200.0
2,300.0
2,400.0
2,500.0
19 July 26 July 2 Aug 9 Aug 16 Aug 23 Aug 30 Aug 6 Sep 13 Sep 20 Sep 27 Sep 4 Oct
US$
/mt
Pepper
1,425.51,424.0
1,315.0
1,326.51,315.5
1,295.0 1,295.5
1,352.0 1,351.0
1,341.5
1,282.0
1,252.5
1,200
1,250
1,300
1,350
1,400
1,450
19 July 26 July 2 Aug 9 Aug 16 Aug 23 Aug 30 Aug 6 Sep 13 Sep 20 Sep 27 Sep 4 Oct
US$
/mt
Rubber SMR 20
55.6 56.255.7
58.5
54.954.2
55.1
56.5
54.9
58.1
55.9
52.8
62.563.5
61.9
54.5
58.659.3
60.461.5
60.2
64.3
61.9
58.4
40
45
50
55
60
65
70
19 July 26 July 2 Aug 9 Aug 16 Aug 23 Aug 30 Aug 6 Sep 13 Sep 20 Sep 27 Sep 4 Oct
US$
/bbl
Crude Petroleum
Crude Petroleum (WTI)/bbl Crude Petroleum (Brent)/bbl
489.5488.5
506.5 507.0
519.5
531.0
553.0
570.0566.0
579.5
567.5
538.5
485
495
505
515
525
535
545
555
565
575
585
19 July 26 July 2 Aug 9 Aug 16 Aug 23 Aug 30 Aug 6 Sep 13 Sep 20 Sep 27 Sep 4 Oct
US$
/mt
Crude Palm Oil
11.6
12.0 12.0
11.9
11.6
11.5
11.111.0
11.9
12.1
12.6
12.8
10.8
11.3
11.8
12.3
12.8
13.3
19 July 26 July 2 Aug 9 Aug 16 Aug 23 Aug 30 Aug 6 Sep 13 Sep 20 Sep 27 Sep 4 Oct
US¢
/lbs
Sugar
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16.216.4
16.3
16.917.1
17.4
18.3
18.1
17.6
17.8
17.0
17.6
14.2
14.7
15.2
15.7
16.2
16.7
17.2
17.7
18.2
18.7
19 July 26 July 2 Aug 9 Aug 16 Aug 23 Aug 30 Aug 6 Sep 13 Sep 20 Sep 27 Sep 4 Oct
US$
/oz
Silver
46.3
45.7
46.4
48.2
48.7
48.4
49.1 49.0
48.3 48.3
47.9
48.2
44.0
45.0
46.0
47.0
48.0
49.0
50.0
19 July 26 July 2 Aug 9 Aug 16 Aug 23 Aug 30 Aug 6 Sep 13 Sep 20 Sep 27 Sep 4 Oct
US
$/g
Gold
Sources: Ministry of International Trade and Industry Malaysia, , Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
2,25
5 2,30
0
2,23
8
2,08
2
2,05
2
2,02
6
2,03
0
1,93
9
1,92
0
1,85
4
1,86
3
1,87
1
1,84
5
1,78
1
1,75
6
1,79
7
1,74
1
1,75
4
1,400
1,500
1,600
1,700
1,800
1,900
2,000
2,100
2,200
2,300
2,400
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
2018 2019
US$
/ to
nn
e
Aluminium
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
5,88
2
5,94
1
5,70
9
5,75
9
4,000
4,500
5,000
5,500
6,000
6,500
7,000
7,500
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
2018 2019
US$
/ to
nne
Copper
13,9
38
14,3
66
15,1
06
13,7
94
13,4
11
12,5
10
12,3
15
11,2
40
10,8
35
11,5
23 12
,685
13,0
26
12,7
73
12,0
16
11,9
44
13,5
46
15,7
49
17,6
57
7,000
9,000
11,000
13,000
15,000
17,000
19,000
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
2018 2019
US$
/ to
nne
Nickel
Commodity Price Trends
65
.75
66
.10
65
.04
64
.56
67
.15
68
.44 7
3.4
1
73
.26
69
.15
76
.16
88
.22
86
.47
93
.70
10
0.1
51
08
.94
12
0.2
4
93
.07
93
.08
50.0
60.0
70.0
80.0
90.0
100.0
110.0
120.0
130.0
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
2018 2019
US
$/d
mtu
Iron Ore
852.1
867.8
853.0
863.8
851.5855.3
931.7
958.5952.2
942.6
889.2
886.9
820.0
840.0
860.0
880.0
900.0
920.0
940.0
960.0
980.0
19 July 26 July 2 Aug 9 Aug 16 Aug 23 Aug 30 Aug 6 Sep 13 Sep 20 Sep 27 Sep 4 Oct
US
$/o
z
Platinum
320.0 320.0 320.0 320.0
300.0 300.0 300.0 300.0 300.0
280.0275.0
265.0260.0
250.0
290.0290.0 290.0 290.0
280.0 280.0280.0
270.0 270.0
250.0245.0
235.0230.0 225.0
200
220
240
260
280
300
320
340
5 July 12 July 19 July 26 July 2 Aug 9 Aug 16 Aug 23 Aug 30 Aug 6 Sep 13 Sep 20 Sep 27 Sep 4 Oct
US
$/m
t
Scrap Iron Scrap Iron/MT (High) Scrap Iron/MT(Low)
54.154.1 53.8 53.8 53.8 53.6
48.8 48.3
46.6
45.645.1
44.143.6 43.6
40
42
44
46
48
50
52
54
56
5 July 12 July 19 July 26 July 2 Aug 9 Aug 16 Aug 23 Aug 30 Aug 6 Sep 13 Sep 20 Sep 27 Sep 4 Oct
US
$/t
Coal
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MIT
I PR
OG
RAM
MES
MITI Deputy Minister delivered a speechat the World Bank Malaysia Belt and Road Economics Report Launching
30 September 2019
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MIT
I PR
OG
RAM
MES
MITI Deputy Minister officiated the new plant of Toyo Tyre Malaysia Sdn Bhd (TTM), Perak
3 October 2019
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MIT
I PR
OG
RAM
MES
MITI Deputy Minister working visit to M&S Food Industries SYW Industry
3 October 2019
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G L O S S A RYSource: http://www.miti.gov.my /index.php/glossary
Approved Permit - is an import and export license issued by the Permit Issuing Agencies (PIAs) based on the Customs Act 1967.
Malaysian Services Provider Confederation - To be the sole platform for formulating common strategies, networking at national, regional and international levels for service sectors; To promote and stimulate demand for services – professional, business and others; To accelerate the growth of the services sector by: Enhancing the competitiveness, productivity and efficiency of the sector, Developing the capacities and capabilities for the sector, Positioning Malaysia to be a regional centre of excellence for those established and maturing sub-sectors, Engaging with the authorities, in the spirit of Malaysia Inc., to create a more conducive business environment for investments and export of services. Outreaching, nurturing and partnering constituent member organizations in strengthening institutional support in both development and promotion.
MSPC:
NAMA:Non-Agriculture Market Access - involves all products that are not covered by the Agriculture Agreement. In other words, NAMA products include all fish and fishery products, wood and forestry products, electronics, manufactures, automotive products, machinery, textiles, clothing, leather, chemical products, and mining products. Sometimes NAMA products are also called industrial goods or manufactured goods. NAMA products account for nearly 90% of export goods in the world. The WTO is trying to reduce or eliminate tariffs on NAMA goods, in particular products of export interest to developing countries, as part of the Doha Round.
NATIP:National Timber Industry Policy - The NATIP was officially launched on 17 February 2009 as a guiding principal for the development of the timber industry in Malaysia. The policy outlines the way forward for the industry and determine the appropriate policy directions for critical aspects of the timber industry.
Multilateral Trading System - a trading system which involves participation of many different parties with the aim of promoting cooperation in terms of trade and the making of trade policy, rules and regulations among members. The term ‘multilateral trading system’ is used in APEC Statements to indicate the World Trade Organization - WTO (previously known as GATT).
MTS:
• Malaysia Services Development Council - Meeting as a platform to address cross cutting policy issues on services. Working with MPC and other stakeholders in addressing regulatory and institutional barriers.
• Participation in the services studies and implementation of identified key recommendations of selected services studies, such as Services Blueprint, Logistic and trade facilitation masterplan and other related studies.
MSDC:
The National Automotive Council - is chaired by YB Minister of MITI and consists of representatives from the Government and automotive industry. The role of the council is to oversee the implementation of NAP 2014 and other policy related to automotive industry.
NAC:
National Aerospace Industry Coordinating Office - coordinates, implements and monitors the Malaysian Aerospace Industry Blueprint 2030 and overall aerospace industry development programmes in Malaysia. It is the centre of excellence for the aerospace industry development in Malaysia and also promotes and facilitate the involvement and growth of Small, Medium Enterprises in the global supply chain in the aerospace industry. NAICO is also the Secretariat to the Malaysian Aerospace Council (MAC).
NAICO:
NAP:National Automotive Policy -The NAP was introduced in 2006 to transform the automotive industry and integrate it into the increasingly competitive regional and global industry.
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For more information, kindly click the following links:https://www.miti.gov.my/index.php/pages/view/industry4WRD?mid=559#tab_547_2202
All yo
u ne
ed t
o kn
ow...
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u ne
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o kn
ow...
For more information, kindly click the following links:https://www.miti.gov.my/index.php/pages/view/industry4WRD
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For more information, kindly click the following links:http://www.miti.gov.my/index.php/pages/view/4761Vintage_English.pdf
ANNO
UNCEM
ENTS
For more information, kindly click the following links:https://www.miti.gov.my/index.php/pages/view/aki?mid=535
ANNO
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ENTS
Tentative Schedule for MITI Pocket Talks 2019
For more information, kindly click the following links:https://www.miti.gov.my/miti/resources/Approve%20Permit/AP%20Announcement/Notice_for_
Application_of_Personal_Vehicle_Import_License_(AP)_(15072019)_BI.pdf
For more information, kindly click the following links:https://www.miti.gov.my/index.php/pages/view/5539
For more information please contact the secretariat:
NO DATE VENUE TOPIC
1 17 October (Thursday)
MITI HQ (SEMINAR 1)
Introduction to FTA & Preferential Certificate of Origin (PCO)
2 14 November (Thursday)
MITI KELANTAN
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MATRADE is organising the National Export Day (NED) 2019 on Thursday, 24 October 2019 at MATRADE Exhibition and Convention Center (MECC) Kuala Lumpur. The program will be officiated by YB MITI Minister Datuk Darell Leiking.
NED 2019 is part of MATRADE’s strategies to intensify its export promotion initiatives with a view of nurturing and growing more Malaysian companies to become global champions.
More than 25 speakers from export and entrepreneurship ecosystem will be involved.
Interesting topics lined up:
• Opportunities for Growth with MATRADE’s Global Trade Offices• From Local Champions to Global Market Leaders• Alternative Financing to Scale Your Business• Taking Malaysian Business to the World• Good Governance Builds Sustainable Business• How to Become a Global Business Partner• Digital Trade: The Enabler of New Market Opportunities• as well as consultation sessions with MATRADE and related stakeholders.
The targeted participants for the program will include all sectors in the economy; beginning from new start-ups to advance exporters. MATRADE aspires 1,000 participants for NED 2019.
ANNO
UNCEM
ENTS
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MITI @ Your Service
Suresh A/L Kaliyana SundramCounsellor (Economics)
MITI OVERSEAS OFFICE (HANOI)
Ainaa Hamizah Mohamad NasirFirst Secretary (Economics)
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