Kuala Lumpur: Malaysia’s import and export unit price index showed a 2.8% decline in Dec-2022, with exports falling to 144.5 points from 148.7 points in November and imports falling to 129.5 points from 133.2 points.
The Department of Statistics (DOSM), in its December foreign trade index (2010 = 100), showed that the export unit price index fell by an 8.6% drop in the mineral fuels index and a drop in the machinery and transport equipment index (-1.3%). /cent) and other products (-1.1%).
The department’s chief statistician, Dr. Datuk Seri, Mohd Uzir Mahiddin, said the export volume index rose by 4.6% in December 2022, which was followed by animal, vegetable oils (-33.5%) and industrial products. (6.5%) is consistent with an index increase. %) and machinery and transport equipment (2.3%).
“The seasonally adjusted export volume index fell 2.9% from 166.1 points to 161.3 points. On a year-to-year comparison, the export unit price index expanded 10.5% and the volume index contracted 4.0%,” he said. rice field.
Mohd Uzir said the import unit price index also fell by 2.8% in December 2022. This is due to declines in animal, vegetable oils (-10.0%), mineral fuels (-6.9%), and machinery and transport indices. Equipment (-2.9%).
“The import volume index in December 2022 also decreased by 0.7% compared to November 2022. This was due to non-edible raw materials (-15.2%), machinery and transportation equipment (-4.6%), and food ( – 2.6 percent).The seasonally adjusted import volume index decreased by 1.9% from 179.7 points to 176.2 points.
“But year-on-year, both the import unit price index and the volume index increased by 6.0% and 5.8% respectively,” he said.
The ministry said Malaysia’s terms of trade returned to positive with a slight increase of 0.02 per cent month-on-month to 111.6 points, driven by an increase in indices of animals, vegetable oils (+9.0%), machinery and transport. equipment (+1.6%) and non-edible raw materials (+0.6%).
“Year-on-year, the country’s terms of trade showed positive growth of 4.2% from 107.1 points in December 2021,” he said.
— Bernama
