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PENANG REMAINS TOP EXPORTER IN NOVEMBER WITH 29% SHARE DESPITE AN RM5.4 BILLION DECREASE

January 02, 2024
Source:  businesstoday

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The Department of Statistis released the November trade figures amounting to RM231.8 billion with exports and imports recorded RM122.1 billion and RM109.7 billion, respectively.

 

Chief Statistician Malaysia, Dato' Sri Dr. Mohd Uzir Mahidin said exports was valued at RM122.1 billion in November 2023, decreased RM7.6 billion (-5.9%) as compared to the same month of the previous year. The decrease he said in exports was attributed to the lower exports in most states such as Pulau Pinang (-RM5.4 billion), Selangor (-RM2.4 billion), Sarawak (-RM1.6 billion), Terengganu (-RM869.1 million), Melaka (-RM755.1 million), W.P. Labuan (-RM704.8 million), Pahang (-RM308.0 million), Negeri Sembilan (-RM164.2 million), Perlis (-RM29.9 million) and W.P. Kuala Lumpur (-RM9.9 million).

 

However, exports increased in Johor by RM3.0 billion, Kedah (+RM929.2 million), Perak (+RM540.8 million), Sabah (+RM472.3 million) and Kelantan (+RM18.6 million).

 

Pulau Pinang remained as the top exporter with 29% share, followed by Johor (22.6%), Selangor (16.9%), Sarawak (8.3%) and W.P. Kuala Lumpur (5.7%).

 

Looking at the performance of imports by state, Dato' Sri Dr. Mohd Uzir Mahidin said imports increased RM1.8 billion (+1.7%) as compared to the same month in 2022. The increase in imports was attributed by the higher imports in most states such as W.P. Kuala Lumpur (+RM2.7 billion), Negeri Sembilan (+RM1.4 billion), Pahang (+RM1.1 billion), Sabah (+RM514.3 million), Selangor (+RM492.7 million), Johor (+RM197.1 million), Melaka (+RM114.4 million) and Terengganu (+RM109.4 million).

 

However, imports decreased in Pulau Pinang by RM3.9 billion, W.P. Labuan (-RM280.2 million), Kedah (-RM78.8 million), Sarawak (-RM60.9 million), Kelantan (-RM43.0 million), Perak (-RM15.9 million) and Perlis (-RM6.2 million) Selangor continued to dominate Malaysia's imports with a share of 26.5%, followed by Johor (20.6%) Pulau Pinang (20.4%), W.P. Kuala Lumpur (9.4%) and Kedah (5.6%).