Malaysia’s total trade for May 2024 amounted to RM246.3 billion with exports and imports recorded RM128.2 billion and RM118.1 billion, respectively.
Exports was valued at RM128.2 billion in May 2024, increased RM8.7 billion (+7.3%) as compared to the same month of the previous year. The increase in exports was attributed to the higher exports in most states such as Johor (+RM4.6 billion), Pulau Pinang (+RM2.6 billion),Selangor (+RM1.1 billion), Perak (+RM779.7 million), Sabah (+RM711.9 million), Pahang (+RM549.8 million), Terengganu (+RM533.5 million), Negeri Sembilan (+RM340.9 million) and Kedah (+RM332.4 million). However, exports decreased in W.P. Kuala Lumpur by RM1.3 billion, W.P. Labuan (-RM633.1 million), Sarawak (-RM624.9 million), Kelantan (-RM360.9 million), Melaka (-RM201.1 million) and Perlis (-RM27.2 million).
Pulau Pinang remained as the top exporter with 29.1 per cent share, followed by Johor (23.3%), Selangor (18.2%), Sarawak (7.0%) and Kedah (4.4%).
At the same time, imports in May 2024 increased RM14.3 billion (+13.8%) as compared to the same month in 2023. The increase in imports was attributed by the higher imports in most states such as Johor (+RM5.0 billion), Pulau Pinang (+RM3.1 billion), W.P. Kuala Lumpur (+RM2.1 billion), Kedah (+RM1.5 billion), Melaka (+RM1.1 billion), Selangor (+RM1.1 billion), Negeri Sembilan (+RM816.4 million), W.P. Labuan (+RM92.1 million), Pahang (+RM89.2 million), Kelantan (+RM39.6 million), Perak (+RM34.3 million) and Perlis (+RM11.4 million). However, imports decreased in Sarawak by RM659.3 million, Terengganu (-RM157.0 million) and Sabah (-RM77.2 million).
Selangor dominates Malaysia’s imports with a share of 25.4 per cent, followed by Johor (23.9%), Pulau Pinang (20.0%), W.P. Kuala Lumpur (7.7%) and Kedah (5.5%).
