Export, import unit value indices recorded positive growth in June 2021 — DOSM

Export, import unit value indices recorded positive growth in June 2021 — DOSM
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KUALA LUMPUR (Aug 4): 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 today, chief statistician Datuk Seri Dr 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%).

"Meanwhile, 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," he said.

Compared to the previous year, he said both the export unit value and volume indices rose 12.8%.

For the import unit value index, Mohd Uzir said 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%).

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%), he said.

"The seasonally adjusted import volume index in June 2021 rose 14.5% from 149.0 points to 170.6 points.

"On a year-on-year (y-o-y) basis, both the import unit value and volume indices expanded 5.1% and 25.8% respectively," he added.

The DOSM also reported that Malaysia’s terms of trade recorded a positive growth of 1.4% month-on-month (m-o-m) from 103.5 points to 105.0 points in June 2021, while on a yearly basis, trade performance remained positive at 7.4%, compared with 97.8 points in June of the previous year.