Malaysia External Trade Indices November 2019


On a month-on-month basis, in November 2019, the export unit value index recorded a drop of 0.5% to 115.5 points which was mainly attributed to the decrease in the index of mineral fuels (-2.6%), inedible crude materials (-0.8%) and machinery & transport equipment (-0.3%). Meanwhile, the export volume index recorded a decline of 10.3% to 131.4 points. The decline was led by the decrease in the index of machinery & transport equipment (-22.9%), inedible crude materials (-12.9%) and animal & vegetable oils & fats (-5.0%). In seasonally adjusted terms, the export volume index fell 9.9% to 126.9 points.

When compared to the previous year, both export unit value and volume indices declined 0.6% and 5.0% respectively.


In November 2019, the import unit value index declined marginally by 0.1% to 117.2 points as compared to the previous month, which was due to the drop in the index of inedible crude materials (-0.4%) followed by machinery & transport equipment (-0.2%) and chemicals (-0.2%). In contrast, the import volume index increased 1.4% to 144.0 points. The increase was mainly contributed by the growth in the index of mineral fuels (+12.3%), miscellaneous manufactured articles (+9.6%) and chemicals (+3.9%). In seasonally adjusted terms, the import volume index in November 2019 registered a growth of 2.8% to 140.7 points.

On a year-on-year basis, both import unit value and volume indices shrank 2.3% and 1.4% respectively.

Terms of trade

Malaysia’s terms of trade fell 0.5% to 98.6 points when compared with October 2019. On a year-on-year basis, Malaysia’s terms of trade registered a rise of 1.8% from 96.9 points.

Source: Department of Statistics Malaysia