Malaysia - Real Imports of Goods and Services

Malaysia: Real Imports of Goods and Services

Mnemonic IM$.IMYS
Unit Mil. 2015 MYR, NSA
Adjustments Not Seasonally Adjusted
Quarterly 1.58 %
Data 2019 Q3 203,380
2019 Q2 200,208

Series Information

Source Department of Statistics Malaysia
Release National accounts
Frequency Quarterly
Start Date 3/31/1996
End Date 9/30/2019

Malaysia: Trade

Reference Last Previous Units Frequency
Balance of Goods Nov 2019 6,535 17,325 Mil. MYR, NSA Monthly
Exports of Goods Nov 2019 80,796 90,593 Mil. MYR, NSA Monthly
Imports of Goods Nov 2019 74,261 73,268 Mil. MYR, NSA Monthly
Current Account Balance 2019 Q3 11,452 14,257 Mil. MYR, NSA Quarterly
Exports of Goods and Services 2019 Q3 249,413 244,389 Mil. MYR, NSA Quarterly
Imports of Goods and Services 2019 Q3 220,268 219,723 Mil. MYR, NSA Quarterly
Net Exports 2019 Q3 29,145 24,667 Mil. MYR, NSA Quarterly
Real Exports of Goods and Services 2019 Q3 229,721 224,402 Mil. 2015 MYR, NSA Quarterly
Real Imports of Goods and Services 2019 Q3 203,380 200,208 Mil. 2015 MYR, NSA Quarterly
Real Net Exports 2019 Q3 26,341 24,194 Mil. 2015 MYR, NSA Quarterly

Release Information

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.

classified according to MSIC 2008 and follows SNA 2008. Data are disseminated in millions of Ringgit on GDP at current prices and constant 2010 prices, compiled by both the expenditure method and the production method.

The source writes:

Changes in conceptual treatment and methodology (2010 base year GDP)

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.