However, Malaysia’s terms of trade shrank by 1.2 per cent year-on-year from 112.1 points in May 2022. For a year-on-year comparison, the import unit value index fell 3.5 per cent, while the volume index increased by 0.4 per cent,” it said.Īs for Malaysia’s terms of trade on a month-on-month basis which rose by 0.1 per cent to 110.8 points in May 2023, the rise was in accordance with an increase in the index of mineral fuels (+4.7 per cent), manufactured goods (+0.9 per cent) and inedible crude materials (+0.8 per cent), DoSM said.
"The seasonally adjusted import volume index also went up by 18.8 per cent from 157.6 points to 187.2 points. The import volume index rose by 12.8 per cent in May 2023 compared to the previous month, due to a rise in the index of mineral fuels (+24.4 per cent), chemicals (+19.1 per cent) and machinery and transport equipment (+6.7 per cent). On another note, DoSM said the import unit value index also dropped by 0.2 per cent in May 2023, led by a decrease in the index of mineral fuels (-4.5 per cent), animal, vegetable oils and fats (-1.8 per cent) and chemicals (-0.2 per cent). For a year-on-year comparison, the export unit value index plummeted 4.7 per cent while the volume index increased by 4.2 per cent,” it said. Government of Canada (the highest ranking foreign trade partner of the United States) database of export/import trade statistics on the national and provincial level. "The seasonally adjusted export volume index grew by 24.9 per cent from 136.3 points to 170.3 points. Meanwhile, it noted that the export volume index increased by 13.9 per cent in the same month, in line with the increase in the index of mineral fuels (+29.5 per cent), miscellaneous manufactured articles (+25.2 per cent) and machinery and transport equipment (+8.0 per cent). In a statement today, DoSM said the fall in the export unit value index was due to a decrease in the index of animal, vegetable oils and fats (-1.9 per cent), mineral fuels (-0.1 per cent) and miscellaneous manufactured articles (-0.1 per cent). In effect this boils down to the demand by major industrial users of the experts, but experts may also be more specifically linked to the demand by major customers.KUALA LUMPUR: Malaysia’s export and import unit value indices declined 0.2 per cent in May 2023, with exports falling to 141.7 points against 141.9 points in April while imports fell to 127.9 points from 128.2 points, said the Statistics Department Malaysia (DoSM). Thus one way is to link domestic exports of a country to world demand in general for such types of exports. Unlike import projections which are made on the basis of domestic demand, export projections are commonly made on the basis of external demand for a given country exports. Alternatively, import requirements may be projected on the basis of development projects in addition to the normal import requirements of the country. Thus one could assume, in the latter case, that a given increase in imports of a certain commodity is associated with a given percentage rise in the gross domestic product set high medium and low rates of growth of total output and project the commodity import on these three alternative rates. The principal imports in the annual trade statistics on the assumption that past trends could safely be projected into the future or one could use simple geometric projections on the basis of high, medium or low assumption on of the growth rate, just as population projections are frequently made.
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