Malaysia - Exports of Goods





Malaysia: Exports of Goods

Mnemonic TREG.IMYS
Unit Mil. MYR, NSA
Adjustments Not Seasonally Adjusted
Monthly 7.51 %
Data Aug 2019 81,355
Jul 2019 87,958

Series Information

Source Department of Statistics Malaysia
Release Foreign Trade
Frequency Monthly
Start Date 1/31/1965
End Date 8/31/2019

Malaysia: Trade

Reference Last Previous Units Frequency
Balance of Goods Aug 2019 10,921 14,275 Mil. MYR, NSA Monthly
Exports of Goods Aug 2019 81,355 87,958 Mil. MYR, NSA Monthly
Imports of Goods Aug 2019 70,433 73,682 Mil. MYR, NSA Monthly
Current Account Balance 2019 Q2 16,387 16,387 Mil. MYR, NSA Quarterly
Exports of Goods and Services 2019 Q2 244,389 239,852 Mil. MYR, NSA Quarterly
Imports of Goods and Services 2019 Q2 219,723 207,839 Mil. MYR, NSA Quarterly
Net Exports 2019 Q2 24,667 32,013 Mil. MYR, NSA Quarterly
Real Exports of Goods and Services 2019 Q2 224,402 224,126 Mil. 2015 MYR, NSA Quarterly
Real Imports of Goods and Services 2019 Q2 200,208 194,333 Mil. 2015 MYR, NSA Quarterly
Real Net Exports 2019 Q2 24,194 29,793 Mil. 2015 MYR, NSA Quarterly

Release Information

The General Trade system is used.

Concepts and definitions used for the purpose of compiling these statistics are based on the United Nations International Merchandise Trade Statistics - Concepts and Definitions (IMTS, Rev. 2), 1998.

Data are disseminated in Malaysian Ringgit on total exports (at f.o.b.values), and total imports (at c.i.f. values). The data are not seasonally adjusted.

Classifcation/Sectorization

Commodities are classified according to Harmonized System (HS) and published according to the Standard International Trade Classification, Revision 3 (S.I.T.C., Rev. 3) and Broad Economic Categories (BEC).

Scope of the data

  • Transactions coverage: The General System of recording is adopted in compiling the external trade statistics. Under this system, the national boundary of the country is used as the statistical frontier. All goods entering or leaving the country (except specific exclusions) are recorded, whether or not such goods are subject to clearance.

 

  • Imports: Goods are regarded as imports when they are brought into the country either directly or into bonded warehouses, irrespective of whether such goods are for consumption, to be processed, used in manufacturing or subsequent re-exports to other countries. It is also termed as 'general imports'.
  • Exports: Goods (locally produced or manufactured or imported for subsequent re-exports) are regarded as exports when they are taken out of the country. It is also termed as 'general exports'.
  • Re-exports: Goods are regarded as re-exports when they are taken out of the country in the same form as they were imported without any transformation. Re-packing, sorting or grading processes are not considered part of the transformation process.
  • Commercial and private ships and aircraft are also included in these statistics if they were imported or exported as goods purchased, sold or leased (financial) whether or not they arrived or departed under their own power.
  • Geographic coverage: No exclusions.

Exceptions to coverage

Classes of goods excluded from external trade statistics are:

  • transit cargo, that is, goods transported under customs control from one Customs office to another;
  • transshipment cargo, that is, goods transferred under the control of the relevant authorities from the importing means of transport to the exporting means of transport within the area of control of the same authorities, which is the office of both importation and exportation;
  • gold bullion (monetary) and issued currency notes and coins;
  • goods imported and exported by, or on behalf of, diplomatic services and non-Malaysian Armed Forces;
  • exposed cinematographic films imported or exported on a rental basis;
  • military weapons and military vehicles such as ships, aircraft and trucks, and parts and accessories thereof and technical documents imported or exported by, or on behalf of, the Malaysian Armed Forces;
  • temporary admission of goods subject to re-exportation in the same state. Such goods must be imported for a specific purpose and must be intended for re-exportation within a specified period without having undergone any change except normal depreciation;
  • barges (lash) used for the transportation of cargo from vessel to shore or vice-versa;
  • fish and other marine produce landed by Malaysian registered vessels direct from the sea;
  • containers, cylinders, bottles, crates and the like specified as returnable;
  • stores and fuel supplied to ships and aircraft handled by operators of Malaysian residence;
  • samples, gifts and specimens for test or analysis, irrespective of value;
  • lottery tickets;
  • diskettes or CD-ROMs with stored computer software and /or data, developed to order, audio and videotapes containing original recordings and customised blueprints, etc.;
  • goods under operational lease; and
  • goods for repair.
  • Single transactions with a value below RM5,000 are not processed at detailed level with the exception of selected items.

Valuation

Valuation: Basis of valuation is as follows:

·         The WTO Agreement on Valuation is used as the basis of valuation for all transactions of goods.

  • Imports are valued on a c.i.f. (cost, insurance and freight) basis, that is, the value of the goods in the market at the statistical/customs frontier of the importing country, including all charges for transport and insurance whilst in transit but excluding the cost of unloading from the carrier unless it is borne by the carrier.
  • Exports are valued on an f.o.b. (free on board) basis, that is, the value of the goods in the market at the statistical/customs frontier of the exporting country, including all costs of transporting the goods to the statistical/customs frontier, export and other duties payable as well as the cost of loading the goods onto the carrier unless the latter cost is borne by the carrier.

The data are preliminary when first released. The provisional data which are fully validated, is available to the public in two weeks after the release of the preliminary data.


Timeliness

6 weeks after the end of the reference month.