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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



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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.




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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).




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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




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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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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



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



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)


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


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)


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


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)


Weekly

Annually

Monthly

Note: *Provisional DataSource: Ministry of International Trade and Industry, Malaysia



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

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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)


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)


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

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Orig

in

RM m

il.

ASEAN-Korea Free Trade Agreement (AKFTA)


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)


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)


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

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Orig

in

RM m

il.

ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA)


-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)





Bilateral FTANumber and Value of Preferential Certificates of Origin (PCOs)


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)


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)


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)


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)


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)


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)


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)




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


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


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


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


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


2020 2021

RM

TWD 100 = RM



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



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


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


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


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



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


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


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


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


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


2020 2021

US

$/t

Coal



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For more information, kindly click the following links:https://www.miti.gov.my/index.php/pages/view/industry4WRD

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... MCO 2.0 (13 JAN - 4 FEB 2021)MCO 2.0 (13 JAN - 4 FEB 2021)

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