Export, import unit value indices post positive growths in June

The seasonally adjusted export volume index posted an expansion of 21.2% from 142.6 points to 172.8 points

by SHAFFIQUL ALIFF / pic by MUHD AMIN NAHARUL

MALAYSIA’S monthly export and import unit value indices continued to record a positive growth in June 2021 at 1.9% and 0.5%, respectively, amid uncertain economic activities, the Department of Statistics Malaysia (DoSM) said.

In a statement yesterday, chief statistician Datuk Seri Mohd Uzir Mahidin said the higher export unit value index was contributed by increases in the indices of mineral fuels (7.3%), animal and vegetable oils and fats (3.5%), and machinery and transport equipment (0.8%).

Mohd Uzir stated the export volume index recorded a growth of 12.2% in the same month, reflected by increases in the indices of chemicals (29.6%), machinery and transport equipment (15.4%) and mineral fuels (11.3%).

“The seasonally adjusted export volume index posted an expansion of 21.2% from 142.6 points to 172.8 points.

“Both the export unit value and volume indices rose 12.8% compared to the previous year,” he said.

Mohd Uzir further stated for the import unit value index, the increment in June 2021 was driven by growth in the indices of animal and vegetable oils and fats (4.4%), mineral fuels (1.6%) and manufactured goods (0.7%).

He continued, similarly, the import volume index recorded an upward trend of 5.5% in June 2021, compared to that of the preceding month, contributed by increases in the indices of mineral fuels (20.5%), food (13%), and machinery and transport equipment (3%).

“The seasonally adjusted import volume index in June 2021 rose 14.5% from 149 points to 170.6 points.

“On a year-on-year basis, both the import unit value and volume indices expanded 5.1% and 25.8% respectively,” he added.

DoSM also reported that Malaysia’s terms of trade recorded a positive growth of 1.4% month-on-month (MoM) from 103.5 points to 105 points in June 2021.

On a yearly basis, trade performance remained positive at 7.4%, compared to 97.8 points in June of the previous year.