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MITI WEEKLY BULLETTIN1
MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala LumpurTel:+603-8000 8000 Fax: +603-6202 9446
MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY
WeeklyWeekly BULLETINBULLETINVOLUME 623VOLUME 623
2 February 2021 | NO. ISSN :2180-04482 February 2021 | NO. ISSN :2180-0448
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Year 2020 has been challenging to global trade as a result of the stringent lockdown measures imposed across the board due to the COVID-19 pandemic. This directly caused major disruptions to global supply chains, especially movement of goods and services, and severely affected manufacturing activities.
Despite this unprecedented scenario, Malaysia’s external trade performed fairly well with exports rebounding in the second half of 2020 as compared to the negative growth recorded in the first half of the year. This could be attributed to the progressive opening of the economy and gradual recovery of external demand. In fact, exports in December was the highest monthly value recorded for 2020.
Exports to China recorded a new high in 2020 and similar momentum was reported for the United States which posted the largest value in the last decade. There was significant export growth to the emerging markets notably Costa Rica, Kazakhstan, Kenya, Nigeria, Ghana and Cote d’Ivoire. Rubber products, electrical and electronics (E&E) products, as well as palm oil and palm oil-based agriculture products registered strong export expansion.
Meanwhile, the trade surplus was the highest ever recorded thus maintaining a sustained surplus trend for 23 consecutive years since 1998. Malaysia’s trade performance was in tandem with countries in the region notably Indonesia, Singapore, the Republic of Korea (ROK) and Thailand.
While trade with existing Free Trade Agreement (FTA) partners in 2020 stood at RM1.185 trillion, registering a decrease of 3.7% and accounted for 66.7% of Malaysia’s total trade, the recent signing of the Regional Comprehensive Economic Partnership (RCEP), the biggest FTA in the world, will provide Malaysian companies and businesses access to more than a third of the world’s market, attract foreign direct investment and will be a boon to our export growth.
Going forward, investor confidence has been bolstered by Moody’s latest affirmation of Malaysia’s local and foreign currency long-term issuer ratings at A3, with a stable outlook. This is a testament to the Government’s strong fiscal discipline and robust medium-term growth prospects and demonstrates Moody’s confidence in Malaysia as having strong credit standing. While these are challenging times, the Government’s priority is to place the nation firmly on the path of economic recovery particularly with the 12th Malaysian Plan as the blueprint for sustainable growth founded on sound economic fundamentals and decisive policy measures. This bodes well for greater and more robust trade performance.
MALAYSIA EXTERNAL TRADE STATISTICS 2020MALAYSIA EXTERNAL TRADE STATISTICS 2020
DATO' SERI AZMIN ALISENIOR MINISTER
MINISTRY INTERNATIONAL TRADE AND INDUSTRY30 JANUARY 2021
MITI WEEKLY BULLETTIN2
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seTRADE PERFORMANCE FOR YEAR 2020TRADE PERFORMANCE FOR YEAR 2020
23rd Consecutive Year of Trade SurplusMalaysia’s trade surplus in 2020 recorded the 4th consecutive year of double-
digit growth, with an expansion of 26.9% to RM184.79 billion compared to 2019. This was also the largest trade surplus thus far, representing Malaysia’s achievement in sustaining trade surplus for 23 consecutive years since 1998.
Malaysia’s exports in 2020, valued at RM980.99 billion, declined marginally by 1.4% compared to the preceding year, in tandem with the unfavourable external environment due to the impact of the COVID-19 pandemic. Exports rebounded in the second half of 2020, increasing by 4.8%. This was a significant improvement from a 7.9% contraction in the first half of 2020 as the economy progressively reopened and external demand gradually recovered. Lower exports was recorded to Thailand, India, Bangladesh, Viet Nam and Japan while higher exports was registered to China, the US, Singapore and Hong Kong SAR.
Total trade in 2020 amounting to RM1.777 trillion, contracted by 3.6% compared to 2019 while imports totalled RM796.19 billion, a decline of 6.3%. Malaysia’s trade performance was in tandem with countries in the region notably Indonesia, Singapore, the ROK and Thailand.
Trade Performance with Major MarketsASEAN – Malaysia’s Important and Strategic Trading PartnerASEAN remained as an important and strategic trading partner for Malaysia,
accounting for 25.2% of Malaysia’s total trade in 2020. Trade with ASEAN valued at RM447.4 billion, a decrease of 9% compared to a year ago.
In 2020, exports to ASEAN reached RM272.92 billion, making up 27.8% of Malaysia’s total exports. Exports to the region posted a contraction of 4.7% following lower exports of crude petroleum, manufactures of metal, petroleum products as well as iron and steel products. The decline however was cushioned by higher exports of E&E products, transport equipment and other manufactures especially solid-state storage devices (SSD).
Breakdown of exports to ASEAN countries: Singapore RM142.16 billion, increased by 3.7% Thailand RM45.27 billion, ↓19.6% Viet Nam RM30.89 billion, ↓12.7% Indonesia RM29.59 billion, ↓5.6% Philippines RM17.58 billion, ↓5.5% Myanmar RM3.10 billion, ↑9.4% Brunei RM2.78 billion, ↑21.3% Cambodia RM1.49 billion, ↓42.4% Lao PDR RM56.2 million, ↑67.8%Exports to markets in ASEAN that recorded expansion in 2020 were Singapore,
which increased by RM5.09 billion, Brunei (↑RM488 million), Myanmar (↑RM265 million) and Lao PDR (↑RM22.7 million). Singapore, Thailand and Viet Nam remained as Malaysia’s top three export destinations in 2020, accounting for 80% of Malaysia’s exports to ASEAN.
Singapore continued to be the largest export market in ASEAN with a share of 52.1% of total exports to the region, rose by 3.7% to RM142.16 billion underpinned
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seby higher exports of E&E products, petroleum products as well as machinery, equipment and parts.
Exports to Thailand stood at RM45.27 billion, contracted by 19.6% due mainly to lower exports of E&E products, crude petroleum as well as machinery, equipment and parts. However, increases in exports were recorded for other manufactures (SSD), jewellery and processed food.
Exports to Viet Nam reached RM30.89 billion, slipped by 12.7% on account of lower exports of petroleum products and manufactures of metal. Higher exports was mainly seen for E&E products.
Imports from ASEAN was RM174.48 billion, decreased by 14.9%. Main imports were E&E products, petroleum products as well as chemicals and chemical products.
China – The Highest Export Value Ever RecordedChina remained as Malaysia's largest export destination, with exports
expanding by 12.5% to RM158.6 billion, the highest value thus far. The expansion was driven by higher exports of iron and steel products, other manufactures (SSD), E&E products, manufactures of metal, palm oil and palm oil-based agriculture products, rubber products as well as paper and pulp products. Exports to China contributed 16.2% to Malaysia’s total exports in 2020.
As Malaysia’s largest trading partner for 12 consecutive years, trade with China in 2020 accounted for a larger share at 18.6% of total trade compared to 17.2% a year ago. Trade with China expanded by 4.2% to RM329.77 billion. China was also Malaysia’s largest import source, accounting for 21.5% of total imports in 2020 or RM171.18 billion, contracted by 2.6% compared to 2019. Main imports were E&E products, machinery, equipment and parts as well as chemicals and chemical products.
The EU – Exports of Rubber Products DoubledTrade with the European Union (EU) in 2020 was valued at RM142.84 billion or
8% of Malaysia’s total trade, a decline of 10.4% compared to 2019. Exports to the EU reached RM84.06 billion, decreased by 4.3% mainly due to lower exports of E&E products. The contraction was moderated by higher exports of rubber products as well as palm oil and palm oil-based agriculture products. Shipment of rubber products to the EU doubled to RM9.33 billion from last year while exports of palm oil and palm oil-based agriculture products surged by 36.4% to RM7.11 billion.
Among the top 10 EU markets which accounted for 90.6% of Malaysia’s total exports to the EU, four countries recorded expansion namely, Italy which increased by 7.9%, the Czech Republic (↑26%), Poland (↑30.9%) and Slovenia (↑37.6%).
Imports from the EU in 2020 stood at RM58.78 billion, fell by 17.8% compared to 2019. The main imports were E&E products, chemicals and chemical products as well as machinery, equipment and parts.
The US – The Highest Export Value in the Last DecadeTrade with the Malaysia’s third largest trading partner, the US, grew by 7.8%
to RM178.18 billion, constituting 10% of Malaysia’s total trade in 2020. Exports to the US registered a double-digit growth of 12.7% in 2020 to RM108.81 billion, the highest export value in the last decade. The expansion was boosted
TRADE PERFORMANCE FOR YEAR 2020 TRADE PERFORMANCE FOR YEAR 2020 (cont'd)(cont'd)
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semainly by manufactured goods which increased by 13.1% to RM106.15 billion and accounted for 97.6% of Malaysia’s total exports to the country. This was supported by higher exports of rubber products, wood products, other manufactures (SSD), E&E products as well as machinery, equipment and parts. These products represented 78.2% of Malaysia’s exports to the US.
Imports from the US grew by 1% to RM69.36 billion and the main imports were E&E products, chemicals and chemical products as well as machinery, equipment and parts.
Japan – 4th Largest Trading PartnerIn 2020, Japan remained as Malaysia’s 4th largest trading partner for six
successive years since 2015. Trade with Japan constituted 6.9% or RM122.73 billion of Malaysia’s total trade, shrank by 5.3%.
Exports amounted to RM61.69 billion, declined by 6.5% from a year ago on account of lower exports of liquefied natural gas (LNG). The contraction was moderated by higher exports of broad-based products to Japan, notably crude petroleum, rubber products, optical and scientific equipment, E&E products as well as palm oil and palm oil-based agriculture products. Collectively, these products contributed 45.3% to total exports to Japan.
Imports from Japan in 2020 was valued at RM61.04 billion, a decrease of 4%. Major imports were E&E products, machinery, equipment and parts as well as chemicals and chemical products.
FTA MarketsTrade with Free Trade Agreement (FTA) partners in 2020 stood at RM1.185
trillion, lower by 3.7% and accounted for 66.7% of Malaysia’s total trade. Exports to FTA partners was valued at RM667.46 billion, a decrease of 1.6% and represented 68% of Malaysia’s total exports. Major export products were E&E products, petroleum products as well as chemicals and chemical products which contributed 53.2% to Malaysia’s total exports to FTA markets.
Increases in exports were recorded to Hong Kong SAR, by 2.3% to RM68.12 billion due to higher exports of E&E products, Turkey (↑9.4% to RM7.62 billion, rubber products) and the ROK (↑1% to RM34.57 billion, E&E products).
Imports from FTA partners dipped by 6.3% to RM517.07 billion and the main imports were E&E products, petroleum products as well as chemicals and chemical products.
Emerging Export MarketsIn 2020, significant growth in exports were recorded to the emerging markets
notably Costa Rica, Kenya, Nigeria, Ghana, Cote d’Ivoire and Kazakhstan. Exports to Costa Rica surged by 405.3% to RM1.29 billion and Kazakhstan
(↑60.3%, RM430.5 million), underpinned by higher exports of E&E products.Exports to Kenya expanded by 49.8% to RM2.25 billion, Ghana (↑80.7%, RM1.26
billion) and Cote d’Ivoire (↑75.2%, RM480.6 million), attributed to increase in exports of palm oil and palm oil-based agriculture products.
Meanwhile, exports to Nigeria picked up by 33.7% to RM2.69 billion on the back of higher exports of petroleum products.
TRADE PERFORMANCE FOR YEAR 2020 TRADE PERFORMANCE FOR YEAR 2020 (cont'd)(cont'd)
MITI WEEKLY BULLETTIN5
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sePerformance of Major SectorsManufactured Goods – Higher Demand for Smart Devices and PPEIn 2020, exports of manufactured goods was valued at RM847.66 billion,
making up a larger share of total exports thus far at 86.4% compared to 84.5% in 2019. E&E products held the biggest share of Malaysia’s total exports in 2020 at 39.4% or RM386.11 billion, rose by 3.5% compared to the previous year.
The increase was due to higher exports of electronic integrated circuits, apparatus for transmission or reception of voice, images and data as well as parts for electronic integrated circuits to support work-from-home practice.
Higher exports of E&E products over RM1 billion were registered for: Parts & accessories for computers, increased by 27.8% to RM10.79 billion; Parts & accessories of telephone sets & other telecommunication equipment,↑150.6% to RM2.93 billion; Computers, ↑19.7% to RM8.64 billion; and Parts & accessories for office machines, ↑10.5% to RM10.61 billion.Expansion in exports of E&E products were seen to Singapore, China, Hong
Kong SAR, the ROK, Viet Nam and the US. Other manufactured products that recorded significant growth in exports for
2020 were: Rubber products, increased by 68.9% to RM43.64 billion; Other manufactures (SSD), ↑24.2% to RM38.78 billion; Optical and scientific equipment, ↑4.1% to RM41.55 billion; Iron and steel products, ↑7.2% to RM23.55 billion; and Wood products; ↑1.9% to RM16.08 billion.In tandem with rising global demand for personal protective equipment (PPE)
due to COVID-19 crisis, Malaysia’s exports of rubber products notably rubber gloves recorded strong growth in 2020. Exports of rubber gloves doubled to RM35.26 billion from the previous year. Expansion in exports of rubber products were recorded mainly to the US, China, the United Kingdom, Germany and Spain.
Agriculture Goods – Palm Oil Boosted Higher ExportsExports of agriculture goods in 2020 grew by 8.7% from the previous year
to RM71.68 billion, constituting 7.3% of total exports in 2020. The growth was attributed mainly to increase in exports of palm oil and palm oil-based agriculture products by 18.4% to RM52.33 billion, buoyed by higher exports of palm oil.
Mining Goods – Lower LNG and Crude Petroleum ExportsExports of mining goods in 2020 made up 5.9% share of total exports or RM57.39
billion, edged down by 29.6% compared to 2019. All mining products recorded decreases in exports, led by LNG which slipped by 32.1% to RM28.83 billion, followed by crude petroleum (↓28.4% to RM18.86 billion).
TRADE PERFORMANCE FOR YEAR 2020 TRADE PERFORMANCE FOR YEAR 2020 (cont'd)(cont'd)
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sePerformance of ImportsIntermediate Goods Held the Largest Share of ImportsIn 2020, Malaysia’s total imports slipped by 6.3% to RM796.19 billion. The three
main categories of imports by end use which accounted for 73.8% of total imports in 2020 were:
Intermediate goods, valued at RM422.91 billion or 53.1% share of totalimports, decreased by 9.5%, following lower imports of processed industrialsupplies, particularly iron and steel; Capital goods, amounted to RM90.38 billion or 11.4% of total imports,declined by 9.8%, due mainly to reduced imports of industrial transportequipment, primarily vehicles other than railway or tramway; and Consumption goods, totalled RM73.91 billion or 9.3% of total imports,contracted marginally by 0.3%, as a result of lower imports of semi-durables,especially apparels and footwear.China remained the largest import source since 2011, followed by Singapore,
the US, Japan and Taiwan. These countries contributed 54.4% to total imports. Imports from ASEAN amounted to RM174.48 billion or 21.9% share of Malaysia’s total imports while the EU accounted for 7.4% share, with a value of RM58.78 billion.
MINISTRY INTERNATIONAL TRADE AND INDUSTRY30 JANUARY 2021
TRADE PERFORMANCE FOR YEAR 2020 TRADE PERFORMANCE FOR YEAR 2020 (cont'd)(cont'd)
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sMalaysia’s exports in December 2020 registered a double-digit
growth of 10.8% to RM95.74 billion, year-on-year (y-o-y). This was the highest monthly export recorded in 2020 and the second highest export value ever registered after RM97.12 billion in 11 October 2018.
EXTERNAL TRADE, DEC 2020EXTERNAL TRADE, DEC 2020
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sEXPORT OF MAJOR AND SELECTED PRODUCTS, 2020EXPORT OF MAJOR AND SELECTED PRODUCTS, 2020
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sIMPORT OF MAJOR AND SELECTED PRODUCTS, 2020IMPORT OF MAJOR AND SELECTED PRODUCTS, 2020
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sProducer Price Index (PPI) local production declined at a slower rate of 2.1
per cent year-on-year in December 2020 as compared to negative 3.0 per cent in November 2020. The continuous double-digit increased in the index of Agriculture, forestry & fishing (23.5%) and the positive change in Manufacturing index (0.2%), reinforced the momentum of overall index.
PPI, DEC 2020PPI, DEC 2020
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Inte
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Source: Corruption Perceptions Index 2020www.transparency.org
CORRUPTION PERCEPTIONS INDEX, 2020CORRUPTION PERCEPTIONS INDEX, 2020HIGHEST & LOWEST SCORE, REGIONSHIGHEST & LOWEST SCORE, REGIONS
HIGHEST & LOWEST SCORE, COUNTRIESHIGHEST & LOWEST SCORE, COUNTRIES
MALAYSIA 57/100
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Source: https://www.trademap.org/index.aspx
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de In 2019, Malaysia’s export of Electric accumulators (excluding spent and lead-
acid, nickel-cadmium, nickel-iron, nickel-metal hydride and lithium-ion accumulators) recorded US$167.05 million which was 21.4% share of the world exports.
WORLD LARGEST EXPORTER OF ELECTRIC ACCUMULATORS (EXCLUDING SPENT AND LEAD-ACID, NICKEL-CADMIUM, NICKEL-
IRON, NICKEL-METAL HYDRIDE AND LITHIUM-ION ACCUMULATORS)
MALAYSIA’S TOP FIVE EXPORT DESTINATIONS
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Number and FOB Value of PCO as at 24 January 2021Weekly / Monthly/ Annually
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
42 43 44 45 46 47 48 49 50 51 52 1 2 3 4
2020 2021
Total No of CO
TOTAL BILATERAL TOTAL REGIONAL
0.0
2,000.0
4,000.0
6,000.0
8,000.0
10,000.0
12,000.0
42 43 44 45 46 47 48 49 50 51 52 1 2 3 4
2020 2021
RM m
il.
Total FOB (RM mil)
TOTAL BILATERAL TOTAL REGIONAL
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000
2012 2013 2014 2015 2016 2017 2018 2019 2020
Total No of CO
TOTAL BILATERAL TOTAL REGIONAL
0.0
50,000.0
100,000.0
150,000.0
200,000.0
250,000.0
300,000.0
350,000.0
400,000.0
Jan Feb Mar Apr May June Jul Aug Sep Oct Nov Dec
2020
RM m
il.
Total FOB (RM mil)
TOTAL BILATERAL TOTAL REGIONAL
0
10,000
20,000
30,000
40,000
50,000
60,000
Jan Feb Mar Apr May June Jul Aug Sep Oct Nov Dec
2020
Total No of CO
TOTAL BILATERAL TOTAL REGIONAL
0.0
100,000.0
200,000.0
300,000.0
400,000.0
500,000.0
600,000.0
2012 2013 2014 2015 2016 2017 2018 2019 2020
RM m
il.
Total FOB (RM mil)
TOTAL BILATERAL TOTAL REGIONAL
Weekly
Annually
Monthly
Note: *Provisional DataSource: Ministry of International Trade and Industry, Malaysia
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Regional FTANumber and Value of Preferential Certificates of Origin (PCOs)
0
5
10
15
20
25
30
35
40
45
50
0
2
4
6
8
10
12
14
16
18
20
8 Nov
15 N
ov
22 N
ov
29 N
ov
6 Dec
13 D
ec
20 D
ec
27 D
ec
3 Jan
10 Ja
n
17 Ja
n
24 Ja
n
2020 2021
No. o
f Cer
tifica
te of
Orig
in
RM m
il.
Generalised System of Preferences (GSP)
Total FOB (RM mil.) Total CO
Note: The preference giving countries under the GSP scheme are Liechtenstein, the Russian Federation, Japan, Switzerland, Belarus, Kazakhstan, Norway and Cambodia
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
0
200
400
600
800
1,000
1,200
1,400
1,600
8 Nov
15 N
ov
22 N
ov
29 N
ov
6 Dec
13 D
ec
20 D
ec
27 D
ec
3 Jan
10 Ja
n
17 Ja
n
24 Ja
n
2020 2021
No. o
f Cer
tifica
te of
Orig
in
RM m
il.
ASEAN Trade in Goods Agreement (ATIGA)
Total FOB (RM mil.) Total CO
0
500
1,000
1,500
2,000
2,500
3,000
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
8 Nov
15 N
ov
22 N
ov
29 N
ov
6 Dec
13 D
ec
20 D
ec
27 D
ec
3 Jan
10 Ja
n
17 Ja
n
24 Ja
n
2020 2021
No. o
f Cer
tifica
te of
Orig
in
RM m
il.
ASEAN-China Free Trade Agreement (ACFTA)
Total FOB (RM mil.) Total CO
0
100
200
300
400
500
600
700
800
900
0
100
200
300
400
500
600
700
800
8 Nov
15 N
ov
22 N
ov
29 N
ov
6 Dec
13 D
ec
20 D
ec
27 D
ec
3 Jan
10 Ja
n
17 Ja
n
24 Ja
n
2020 2021
No. o
f Cer
tifica
te of
Orig
in
RM m
il.
ASEAN-Korea Free Trade Agreement (AKFTA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
350
0
20
40
60
80
100
120
140
8 Nov
15 N
ov
22 N
ov
29 N
ov
6 Dec
13 D
ec
20 D
ec
27 D
ec
3 Jan
10 Ja
n
17 Ja
n
24 Ja
n
2020 2021
No. o
f Cer
tifica
te of
Orig
in
RM m
il.
ASEAN-Japan Comprehensive Economic Partnership (AJCEP)
Total FOB (RM mil.) Total CO
0
100
200
300
400
500
600
700
800
900
1,000
0
100
200
300
400
500
600
8 Nov
15 N
ov
22 N
ov
29 N
ov
6 Dec
13 D
ec
20 D
ec
27 D
ec
3 Jan
10 Ja
n
17 Ja
n
24 Ja
n
2020 2021
No. o
f Cer
tifica
te of
Orig
in
RM m
il.
ASEAN-India Free Trade Agreement (AIFTA)
Total FOB (RM mil.) Total CO
0
200
400
600
800
1,000
1,200
0
20
40
60
80
100
120
140
8 Nov
15 N
ov
22 N
ov
29 N
ov
6 Dec
13 D
ec
20 D
ec
27 D
ec
3 Jan
10 Ja
n
17 Ja
n
24 Ja
n
2020 2021
No. o
f Cer
tifica
te of
Orig
in
RM m
il.
ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA)
Total FOB (RM mil.) Total CO
-1
0
1
2
3
4
5
6
7
8
9
0.0
0.2
0.4
0.6
0.8
1.0
1.2
1.4
1.6
8 Nov
15 N
ov
22 N
ov
29 N
ov
6 Dec
13 D
ec
20 D
ec
27 D
ec
3 Jan
10 Ja
n
17 Ja
n
24 Ja
n
2020 2021
No. o
f Cer
tifica
te of
Orig
in
RM m
il.
ASEAN-Hong Kong, China Free Trade Agreement (AHKFTA)
Total FOB (RM mil.) Total CO
Note: *Provisional DataSource: Ministry of International Trade and Industry, Malaysia
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Bilateral FTANumber and Value of Preferential Certificates of Origin (PCOs)
Note: *Provisional DataSource: Ministry of International Trade and Industry, Malaysia
0
100
200
300
400
500
600
700
800
900
1,000
0
50
100
150
200
250
8 Nov
15 N
ov
22 N
ov
29 N
ov
6 Dec
13 D
ec
20 D
ec
27 D
ec
3 Jan
10 Ja
n
17 Ja
n
24 Ja
n2020 2021
No. o
f Cer
tifica
te of
Orig
in
RM m
il.
Malaysia-Japan Economic Partnership Agreement (MJEPA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
0
20
40
60
80
100
120
140
8 Nov
15 N
ov
22 N
ov
29 N
ov
6 Dec
13 D
ec
20 D
ec
27 D
ec
3 Jan
10 Ja
n
17 Ja
n
24 Ja
n
2020 2021
No. o
f Cer
tifica
te of
Orig
in
RM m
il.
Malaysia-Pakistan Closer Economic Partnership Agreement (MPCEPA)
Total FOB (RM mil.) Total CO
0
5
10
15
20
25
0.00
0.10
0.20
0.30
0.40
0.50
0.60
8 Nov
15 N
ov
22 N
ov
29 N
ov
6 Dec
13 D
ec
20 D
ec
27 D
ec
3 Jan
10 Ja
n
17 Ja
n
24 Ja
n
2020 2021
No. o
f Cer
tifica
te of
Orig
in
RM m
il.
Malaysia-New Zealand Free Trade Agreement (MNZFTA)
Total FOB (RM mil.) Total CO
0
10
20
30
40
50
60
70
80
90
0
5
10
15
20
25
30
35
40
45
50
8 Nov
15 N
ov
22 N
ov
29 N
ov
6 Dec
13 D
ec
20 D
ec
27 D
ec
3 Jan
10 Ja
n
17 Ja
n
24 Ja
n
2020 2021
No. o
f Cer
tifica
te of
Orig
in
RM m
il.
Malaysia-Chile Free Trade Agreement (MCFTA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
350
400
450
0
10
20
30
40
50
60
70
80
8 Nov
15 N
ov
22 N
ov
29 N
ov
6 Dec
13 D
ec
20 D
ec
27 D
ec
3 Jan
10 Ja
n
17 Ja
n
24 Ja
n
2020 2021
No. o
f Cer
tifica
te of
Orig
in
RM m
il.
Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)
Total FOB (RM mil.) Total CO
0
100
200
300
400
500
600
0
100
200
300
400
500
600
8 Nov
15 N
ov
22 N
ov
29 N
ov
6 Dec
13 D
ec
20 D
ec
27 D
ec
3 Jan
10 Ja
n
17 Ja
n
24 Ja
n
2020 2021
No. o
f Cer
tifica
te of
Orig
in
RM m
il.
Malaysia-Australia Free Trade Agreement (MAFTA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
350
400
450
0
100
200
300
400
500
600
8 Nov
15 N
ov
22 N
ov
29 N
ov
6 Dec
13 D
ec
20 D
ec
27 D
ec
3 Jan
10 Ja
n
17 Ja
n
24 Ja
n
2020 2021
No. o
f Cer
tifica
te of
Orig
in
RM m
il.
Malaysia-Turkey Free Trade Agreement (MTFTA)
Total FOB (RM mil.) Total CO
MITI WEEKLY BULLETTIN16
MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala LumpurTel:+603-8000 8000 Fax: +603-6202 9446
Malaysian Ringgit Exchange Rate with Selected Countries,January 2020 - January 2021
Source : Bank Negara Malaysia
US Dollar
Chinese Yuan
Thai Baht
Japanese Yen
Singapore Dollar
New Taiwan Dollar
4.0797
4.3553
4.03694.01
4.06
4.11
4.16
4.21
4.26
4.31
4.36
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
2020 2021
RM
USD 1 = RM
0.5895
0.6241
0.57
0.58
0.59
0.60
0.61
0.62
0.63
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
2020 2021
RM
CNY 1 = RM
13.4124
13.7216
13.2317
13.4549
12.9
13.0
13.1
13.2
13.3
13.4
13.5
13.6
13.7
13.8
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
2020 2021
RM
THB 100 = RM
3.7321
4.0505
3.8937
3.60
3.65
3.70
3.75
3.80
3.85
3.90
3.95
4.00
4.05
4.10
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
2020 2021
RM
JPY 100 = RM
3.0204
2.9959
3.0722
3.0458
2.94
2.96
2.98
3.00
3.02
3.04
3.06
3.08
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
2020 2021
RM
SGD 1 = RM
13.5884
14.5082
14.4132
13.00
13.20
13.40
13.60
13.80
14.00
14.20
14.40
14.60
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
2020 2021
RM
TWD 100 = RM
MITI WEEKLY BULLETTIN17
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0.4%*US$67.8
SUGAR -per lbs-
0.3%*US$15.8
0.5%*US$1,581.5
Commodity Prices
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Iron and Steel Industry Federation, and Bloomberg.
Notes: All figures have been rounded to the nearest decimal point * Refer to % change from the previous week’s price i Average price in the year except otherwise indicated
%*US$460.0
(low)
%*US$480.0
(high)29 Jan 2021
%* US$1,498.5
RUBBER SMR 20 -per MT- COCOA SMC 2 -per MT-
COAL -per MT- SCRAP IRON HMS -per MT-
Average Price 2020 i : US$1,333.4 Average Price 2020 i : US$1,576.6 Average Price 2020 i : US¢12.9
Average Price 2020 i : US$307.9 (high)Average Price 2020 i : US$284.7 (low)Average Price 2020 i : US$47.7
Domestic Prices29 Jan 2021
Steel Bars(per MT)
RM2,650 – RM2,750
Billets(per MT)
RM2,500- RM2,550
29 Jan 2021 29 Jan 2021 29 Jan 2021
29 Jan 2021
0.8%*US$55.9
CRUDE PETROLEUM (BRENT) -per bbl-
29 Jan 2021
CRUDE PALM OIL -per MT-
6.9%*US$945.4
29 Jan 2021
03 Jan 2020 : US$68.6
Highest2020/2021
08 Jan 2021 : US$56.0
15 Jan 2021 : US$55.124 Apr 2020 : US$21.4
Lowest2020/2021
24 Dec 2020 : US$944.2
Highest2020/2021
08 Jan 2021 : US$985.7
22 Jan 2021 : US$884.7 8 May 2020 : US$473.0
Lowest2020/2021
Average Price 2020 i : US$43.5 Average Price 2020i : US$668.3
MITI WEEKLY BULLETTIN18
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Commodity Price Trends
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
1,572.0 1,566.0
1,662.5
1,615.5
1,553.0
1,603.0
1,527.0
1,474.0
1,604.0 1,613.0
1,573.51,581.5
1,390
1,440
1,490
1,540
1,590
1,640
1,690
1,740
1,790
13 Nov 20 Nov 27 Nov 4 Dec 11 Dec 18 Dec 24 Dec 31 Dec 8 Jan 15 Jan 22 Jan 29 Jan
2020 2021
US$
/mt
Rubber SMR 20
40.1
42.2
45.5 46.3 46.6
49.148.2 48.5
52.2 52.4 52.3 52.2
42.8
45.0
48.249.3 50.0
52.3 51.3 51.8
56.0 55.1 55.455.9
30
35
40
45
50
55
60
13 Nov 20 Nov 27 Nov 4 Dec 11 Dec 18 Dec 24 Dec 31 Dec 8 Jan 15 Jan 22 Jan 29 Jan
2020 2021
US$
/bbl
Crude Petroleum
Crude Petroleum (WTI)/bbl Crude Petroleum (Brent)/bbl
15.0
15.2
14.8
14.4 14.4 14.4
14.9
15.515.6
16.5
15.9 15.8
13.0
13.5
14.0
14.5
15.0
15.5
16.0
16.5
17.0
13 Nov 20 Nov 27 Nov 4 Dec 11 Dec 18 Dec 24 Dec 31 Dec 8 Jan 15 Jan 22 Jan 29 Jan
2020 2021
US¢
/lbs
Sugar
847.1859.7
844.1
886.1
903.8 903.7
944.2 943.0
985.7
923.7
884.7
945.4
750
800
850
900
950
1,000
13 Nov 20 Nov 27 Nov 4 Dec 11 Dec 18 Dec 24 Dec 31 Dec 8 Jan 15 Jan 22 Jan 29 Jan
2020 2021
US$
/mt
Crude Palm Oil
2,129 2,1352,156
2,166
2,304 2,3102,320
2,162
2,331
2,377
2,456 2,454 2,444
2,000.0
2,050.0
2,100.0
2,150.0
2,200.0
2,250.0
2,300.0
2,350.0
2,400.0
2,450.0
2,500.0
6 Nov 13 Nov 20 Nov 27 Nov 4 Dec 11 Dec 18 Dec 24 Dec 31 Dec 8 Jan 15 Jan 22 Jan 29 Jan
2020 2021
US$/
mt
Pepper
MITI WEEKLY BULLETTIN19
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24.8
24.4
22.6
24.3 24.1
26.025.9
26.4
24.624.9
25.6
26.9
22.0
23.0
24.0
25.0
26.0
27.0
28.0
13 Nov 20 Nov 27 Nov 4 Dec 11 Dec 18 Dec 24 Dec 31 Dec 8 Jan 15 Jan 22 Jan 29 Jan
2020 2021
US$
/oz
Silver
60.8
60.3
57.2
59.3 59.2
60.4 60.3
60.7
59.9
59.1
59.6
59.9
56.0
57.0
58.0
59.0
60.0
61.0
62.0
13 Nov 20 Nov 27 Nov 4 Dec 11 Dec 18 Dec 24 Dec 31 Dec 8 Jan 15 Jan 22 Jan 29 Jan
2020 2021
US
$/g
Gold
Sources: Ministry of International Trade and Industry Malaysia, , Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
2,02
6 2,
030
1,93
9 1,
920
1,85
4 1,
863
1,87
1 1,
845
1,78
1 1,
756 1,
797
1,74
1 1,
754
1,72
6 1,77
5 1,
771
1,77
3 1,
688
1,61
1 1,
460
1,46
6
1,56
9 1,
644
1,73
7 1,
744 1,
806
1,93
5 2,
015
1,300
1,400
1,500
1,600
1,700
1,800
1,900
2,000
2,100
Sep
Oct
No
vD
ec Jan
Feb
Mar
Ap
rM
ay Jun
Jul
Au
gSe
pO
ctN
ov
Dec Jan
Feb
Mar
Ap
rM
ay Jun
Jul
Au
gSe
pO
ctN
ov
Dec
2018 2019 2020
US$
/ to
nn
e
Aluminium
6,05
1 6,22
0 6,
196
6,07
5 5,
939
6,30
0 6,
439
6,43
8 6,
018
5,88
2 5,
941
5,70
9 5,
759
5,75
7 5,
860 6,
077
6,03
1 5,
688
5,18
3 5,
058 5,24
0 5,
755
6,37
2 6,
499
6,70
5 6,
714
7,06
9 7,
772
4,000
4,500
5,000
5,500
6,000
6,500
7,000
7,500
8,000
Sep
Oct
Nov
Dec Jan
Feb
Mar
Apr
May Jun Jul
Aug Se
pO
ctN
ovD
ec Jan
Feb
Mar
Apr
May Jun Jul
Aug Se
pO
ctN
ovD
ec
2018 2019 2020
US$
/ to
nne
Copper
12
,51
0
12
,31
5
11
,24
0
10
,83
5
11
,52
3 12
,68
5
13
,02
6
12
,77
3
12
,01
6
11
,94
4
13
,54
6
15
,74
9
17
,65
7
17
,04
6
15
,17
2
13
,82
9
13
,50
7
12
,71
6
11
,84
6
11
,80
4
12
,18
0
12
,72
7
13
,40
2 14
,53
8
14
,85
7
15
,23
9
15
,80
8 16
,82
3
7,000
9,000
11,000
13,000
15,000
17,000
19,000
Sep
Oct
No
vD
ec Jan
Feb
Mar
Ap
rM
ay Jun
Jul
Au
gSe
pO
ctN
ov
Dec Jan
Feb
Mar
Ap
rM
ay Jun
Jul
Au
gSe
pO
ctN
ov
Dec
2018 2019 2020
US$
/ to
nn
e
Nickel
Commodity Price Trends
68
.44
73
.41
73
.26
69
.15 76
.16
88
.22
86
.47 93
.70
10
0.1
5 10
8.9
4 12
0.2
49
3.0
79
3.0
88
8.5
38
4.9
8 92
.65
95
.76
87
.68
88
.99
84
.73 9
3.6
5 10
3.3
01
08
.52
12
1.0
71
23
.75
11
9.7
81
24
.36
15
5.4
3
50.0
70.0
90.0
110.0
130.0
150.0
170.0
Se
pO
ctN
ov
De
cJa
nF
eb
Ma
rA
pr
Ma
yJu
nJu
lA
ug
Se
pO
ctN
ov
De
cJa
nF
eb
Ma
rA
pr
Ma
yJu
nJu
lA
ug
Se
pO
ctN
ov
De
c
2018 2019 2020
US
$/d
mtu
Iron Ore
896.0
957.2964.8
1,072.8
1,021.8
1,043.1 1,028.9
1,079.2 1,071.3
1,089.9
1,111.6
1,079.2
850.0
900.0
950.0
1,000.0
1,050.0
1,100.0
1,150.0
13 Nov 20 Nov 27 Nov 4 Dec 11 Dec 18 Dec 24 Dec 31 Dec 8 Jan 15 Jan 22 Jan 29 Jan
2020 2021
US
$/o
z
Platinum
350.0360.0
390.0 390.0 390.0
430.0 430.0
495.0495.0 495.0
480.0 480.0
325.0330.0
350.0 350.0 350.0
400.0 400.0
475.0 475.0 475.0
460.0 460.0
270
320
370
420
470
520
13 Nov 20 Nov 27 Nov 4 Dec 11 Dec 18 Dec 24 Dec 31 Dec 8 Jan 15 Jan 22 Jan 29 Jan
2021
US
$/m
t
Scrap Iron Scrap Iron/MT (High) Scrap Iron/MT(Low)
50.8 50.8 50.8 50.8
65.066.0 66.1
69.068.5 68.6
67.5 67.8
47
52
57
62
67
72
13 Nov 20 Nov 27 Nov 4 Dec 11 Dec 18 Dec 24 Dec 31 Dec 8 Jan 15 Jan 22 Jan 29 Jan
2020 2021
US
$/t
Coal
MITI WEEKLY BULLETTIN20
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For more information, kindly click the following links:https://www.miti.gov.my/index.php/pages/view/industry4WRD?mid=559#tab_547_2202
AL
L Y
OU
NE
ED
TO
KN
OW
....
....
....
...
MITI WEEKLY BULLETTIN21
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AL
L Y
OU
NE
ED
TO
KN
OW
....
....
....
...
MITI WEEKLY BULLETTIN22
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AL
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... MCO 2.0 (13 JAN - 4 FEB 2021)MCO 2.0 (13 JAN - 4 FEB 2021)
1. MEDIA RELEASE1. MEDIA RELEASEMinistry of International Trade and Industry (MITI)
Ministry of Domestic Trade and Consumer Affairs (KPDNHEP)Ministry of Transportation (MOT)
Ministry of Works (KKR)Ministry of Higher Education (MOHE)
Ministry of Communications and Multimedia (KKMM)
3. SOP3. SOPss & GAZETTE & GAZETTE
4. FAQ & ENQUIRY4. FAQ & ENQUIRY
2. REGISTRATION FOR BUSINESS OPERATION2. REGISTRATION FOR BUSINESS OPERATION
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MITI WEEKLY BULLETTIN25
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For more information, kindly click the following links:https://www.myapec2020.my/en/
For more information, please contact :
Bagi sebarang pertanyaan berkaitan MITI seperti operasi sektor ekonomi atau amalan BDR/WFH sila hubungi talian hotline MITI seperti di atas.
03-6200 0468 / 69 / 57 [email protected]
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For more information, kindly click the following links: https://bit.ly/2ZhxmRp
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MITI WEEKLY BULLETTINWWW.MITI.GOV.MY27
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WE ARE GOING FULLY ONLINE !WE ARE GOING FULLY ONLINE ! Due to the recent announcement of Movement Control Order (MCO/PKP) by
the Government, the Population and Housing Census 2020 will not conduct the face-to-face interview. Please be counted by participating in e-Census at :
Stay Home | Keep Calm |Your Data | Our Future
http://ecensus.mycensus.gov.my
Please contact @MyCensus2020 helpdesk for further assistance.
Hotline : 1-800-88-7720
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