Sabah records highest palm oil exports to RM7.5bil

MALAYSIA’S total trade for March 2022 increased 27.3% year-on-year to RM236.6 billion, with exports of RM131.6 billion (increased 25.4% year-on-year) and imports worth RM104.9 billion (increased 29.9% year-on-year).

Exports of palm oil amounted to RM7.5 billion in March 2022, according to the Department of Statistics Malaysia (DOSM).

Sabah recorded the highest exports of palm oil worth RM1.8 billion (23.5%), followed by Johor (RM1.7 billion, 23.1%) and Sarawak (RM1.5 billion, 20.3%), DOSM said.

Higher exports were recorded in most states such as Pulau Pinang (+RM9.6 billion), Johor (+RM6.5 billion), Sarawak (+RM3.9 billion),Selangor (+RM2.2 billion), Kedah (+RM2.1 billion), Sabah (+RM1.4 billion), W.P. Kuala Lumpur (+RM1.3 billion), W.P. Labuan (+RM1.3 billion), Negeri Sembilan(+RM90.5 million) and Perlis (+RM9.7 million).

However, exports decreased in Melaka (-RM672.5 million), Terengganu (-RM545.5 million), Perak (-RM174.8 million),Pahang (-RM92.0 million) and Kelantan (-RM78.0 million)”.

Chief statistician, Datuk Seri Dr. Mohd Uzir Mahidin said that among the top five major exporting states, Pulau Pinang remained as the top exporter with a share of 31.3 per cent, followed by Johor
(19.8%), Selangor (18.1%), Sarawak (7.5%) and W.P. Kuala Lumpur (4.1%).

“Meanwhile, as for imports, Selangor remained as the largest contributor with a share of 25.2 per cent, followed by Pulau Pinang (22.4%), Johor (19.3%), W.P. Kuala Lumpur (6.8%) and
Melaka (6.3%),” he added. – TMR