Malaysia - Net Exports

Malaysia: Net Exports

Mnemonic	NETEX.IMYS
Unit	Mil. MYR, NSA
Adjustments	Not Seasonally Adjusted
	Quarterly	29.43 %
Data	2022 Q4	43,183
	2022 Q3	33,363

Series Information

Source	Department of Statistics Malaysia
Release	National accounts
Frequency	Quarterly
Start Date	3/31/1996
End Date	12/31/2022

Malaysia: Trade

	Reference	Last	Previous	Units	Frequency
Balance of Goods	Feb 2023	19,561	18,130	Mil. MYR, NSA	Monthly
Exports of Goods	Feb 2023	112,276	112,655	Mil. MYR, NSA	Monthly
Imports of Goods	Feb 2023	92,714	94,524	Mil. MYR, NSA	Monthly
Current Account Balance	2022 Q4	25,668	14,135	Mil. MYR, NSA	Quarterly
Exports of Goods and Services	2022 Q4	347,644	352,409	Mil. MYR, NSA	Quarterly
Imports of Goods and Services	2022 Q4	304,462	319,045	Mil. MYR, NSA	Quarterly
Net Exports	2022 Q4	43,183	33,363	Mil. MYR, NSA	Quarterly
Real Exports of Goods and Services	2022 Q4	280,325	282,817	Mil. 2015 MYR, NSA	Quarterly
Real Imports of Goods and Services	2022 Q4	249,099	260,676	Mil. 2015 MYR, NSA	Quarterly
Real Net Exports	2022 Q4	31,226	22,141	Mil. 2015 MYR, NSA	Quarterly

Release Information

Description

For Malaysia, GDP measures the value generated by all resident units engaged in productive activity before deduction of provisions for the consumption of fixed capital. Compiled by both the expenditure method and the production method.

Properties

Active:

National accounts framework: UN SNA 2008
Industry classification: MSIC 2008, which is aligned with UN ISIC Rev. 4
Measurements:
- Millions of Malaysian ringgit at constant year-2015 prices (Mil. 2015 MYR)
- At current prices (Mil. MYR)
Adjustments:
- Seasonally adjusted (SA)
- Not seasonally adjusted (NSA)
Native frequencies:
- Quarterly
- Annual
Start date: 2015Q1
Geo coverage:
- Country
- State (all 13)
- Federal territory (all 2)

Predecessors:

2010 prices - 2010 to 2018
2005 prices - 1996 to 2014
2000 prices - 2004 to 2012
1987 prices - 1991 to 2006

Methodology

The source writes:

Changes in conceptual treatment and methodology

The changes in conceptual treatment and methodology is based on recommendation by the SNA and BPM6 particularly in:

1. Implementation on treatment of Goods for Processing from Abroad (GFP) and Manufacturing Services (MS)

The 2008 SNA and BPM6 recommends that exports and imports should be recorded on a change of ownership principle. That is, flows of goods between the country owning the goods and the country providing the processing services should not be recorded as imports and exports of goods. Instead the fee paid to the processing unit should be recorded as the import of processing services by the country owning the goods and an export of processing services by the country providing it. In terms of recording an output of an establishment that is involved in GFP, if the establishment has no economic ownership of the goods being processed, thus the value of the output should be fees it received in processing the product and not the value of the whole product. As a result of GFP implementation, the value of net exports of goods and services was revised downward. Simultaneously, the Manufacturing sector was also affected particularly in electrical and electronic industry (2008 SNA).

2. Refinement in methodology of COFC for Government Services and Government Consumption

Consumption of fixed capital or depreciation is the decline in the current value of the stock of fixed assets owned and used by a producer as a result of physical deterioration, normal obsolescence or normal accidental damage during the course of the accounting period. As recommended by SNA, the Perpetual Inventory Method (PIM) was applied in measuring the COFC for rebasing of government services and government consumption.

Revisions

Yes, data is subject to revisions.