Malaysia - Exports of Goods and Services





Malaysia: Exports of Goods and Services

Mnemonic EX.IMYS
Unit Mil. MYR, NSA
Adjustments Not Seasonally Adjusted
Quarterly 6.41 %
Data 2023 Q4 330,917
2023 Q3 310,989

Series Information

Source Department of Statistics Malaysia
Release National accounts
Frequency Quarterly
Start Date 3/31/1996
End Date 12/31/2023

Malaysia: Trade

Reference Last Previous Units Frequency
Balance of Goods Feb 2024 10,872 10,172 Mil. MYR, NSA Monthly
Exports of Goods Feb 2024 111,329 122,410 Mil. MYR, NSA Monthly
Imports of Goods Feb 2024 100,456 112,237 Mil. MYR, NSA Monthly
Current Account Balance 2023 Q4 253.4 9,135 Mil. MYR, NSA Quarterly
Exports of Goods and Services 2023 Q4 330,917 310,989 Mil. MYR, NSA Quarterly
Imports of Goods and Services 2023 Q4 307,509 288,626 Mil. MYR, NSA Quarterly
Net Exports 2023 Q4 23,409 22,363 Mil. MYR, NSA Quarterly
Real Exports of Goods and Services 2023 Q4 271,127 260,169 Mil. 2015 MYR, NSA Quarterly
Real Imports of Goods and Services 2023 Q4 251,572 241,489 Mil. 2015 MYR, NSA Quarterly
Real Net Exports 2023 Q4 19,555 18,680 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. Compiled by both the expenditure method and the production method.

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

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.

Yes, data is subject to revisions.