Volume 167 22 ember 211 Gross Domestic Product MALAYSIA - ECONOMIC TRENDS Sectors Q3 211 Q2 211 Q1 211 Q3 21 % Change (Q3 211/Q3 21) GDP 15,325 1,898 1,911 12,13 5.8 Services 87,75 8,81 82,386 81,3 7. Manufacturing 1,33 39,959 39,156 39,36 5.1 Agriculture, Forestry and Fishing 11,989 1,828 9,66 11,82 8.2 Mining & Quarrying 9,19 8,862 9,763 9,69-6.1 Construction,961,58,37,81 3. Gross Domestic Product and Annual Growth Rates 16 12 1 29 21 211 1 12 8 6 RM billion 1 8 6 2-2 - % Growth (y-o-y) 2-6 Q1 Q2 Q3 Q Q1 Q2 Q3 Q Q1 Q2 Q3 RM billion 121.6 127.5 135. 137.9 133.9 139. 12.1 1.5 1.9 1.9 15.3 Growth (y-o-y) -6.2-3.9-1.2.6 1.1 9. 5.3.8 5.2.3 5.8-8 Gross Domestic Product By Economic Activities January-tember 211 January-tember 21 Agriculture RM32. bil. (7.2%) Mining & Quarrying RM27.6 bil. (6.2%) Manufacturing RM12. bil. (26.8%) Services RM25.3 bil. (56.7%) Construction RM13.8 bil. (3.1%) Agriculture RM3.8 bil. (7.2%) Mining & Quarrying RM29.6 bil. (6.9%) Manufacturing, RM115.5 bil. (27.%) Services RM237.8 bil. (55.7%) Construction RM13.5 bil. (3.2%) Total GDP: RM8.6 billion Total GDP: RM27.2 billion Note: i) All figures have been rounded to the nearest decimal point ii) Figures in parentheses refer to share of the activity to GDP 1
Gross Domestic Product Growth Compared with Selected EU Economies 11 21 211 9 Growth (y-o-y) 7 5 3 1-2 Q1 Q2 Q3 Q Q1 Q2 Q3 Malaysia 1.1 9. 5.3.8 5.2.3 5.8 Germany 2.6.. 3.8.6 2.9 2.6 France 1. 1.5 1.7 1. 2.2 1.6 1.6 Netherlands.5 2.1 1.8 2.3 2.8 1.6 1.1 Spain -1.3...7.9.8.8 UK.9 2.2 2.6 1.3 1.6.6.5 Sources: Selected National Statistical Office (NSO) and Eurostat Malaysia s Annual Trade Performance with EU 16 1 12 RM billion 1 8 6 2 2 21 22 23 2 25 26 27 28 29 21 21 Jan - t Export Import Total Trade 211 Jan - t Malaysia s Monthly Export and Import Performance with EU 7, 6,5 6, 5,5 21 211 5,,5, 3,5 3, Jan Feb Mar Apr May Jun Jul Aug Dec Jan Feb Mar Apr May Jun Jul Aug Export Import 2
Malaysia s Top Five Export Products to EU 21 211 1, 9 8 7 6 5 3 2 1 Jan Feb Mar Apr May Jun Jul Aug Dec Jan Feb Mar Apr May Jun Jul Aug Electrical & Electronic Products Palm Oil Chemicals & Chemical Products Crude Rubber Rubber Products Malaysia s Top Five Import Products from EU 2, 1,8 21 211 1,6 1, 1,2 1, 8 6 2 Jan Feb Mar Apr May Jun Jul Aug Dec Jan Feb Mar Apr May Jun Jul Aug Electrical & Electronic Products Machinery, Appliances & Parts Transport Equipment Chemicals & Chemical Products Optical & Scientific Equipment Value and Number of Preferential Certificates of Origin (PCOs), 25 tember to 13 ember 211 78 68 58 8 38 28 18 8-2 25 2 9 16 23 3 6 13 MJEPA 36 172 11 377 25 11 387 38 MPCEPA 85 16 88 232 15 29 285 273 GSP 5 587 523 92 67 6 51 56 MJEPA MPCEPA GSP 25 1,78 152 3,925 2 992 16,225 9 95 13 3,756 16 875 178,12 23 993 173,212 3 866 73 3,31 6 1,122 261 3,752 13 727 22 3,67 Note: The preference giving countries under the GSP scheme are members of the European Union, Norway, Switzerland, Belarus, the Russian Federation and Turkey. MJEPA: Malaysia-Japan Economic Partnership Agreement (Implemented since 13 July 26) MPCEPA: Malaysia-Pakistan Closer Economic Partnership Agreement (Implemented since 1 January 28) GSP: Generalised System of Preference 3
1, 9 8 7 6 5 3 2 1 25 2 9 16 23 3 6 13 AANZFTA 93 87 73 96 85 72 81 63 AIFTA 19 98 65 61 66 5 88 56 ATIGA 718 83 678 77 751 699 67 867 ACFTA 36 1 6 381 55 32 567 37 AKFTA 152 17 9 118 357 23 112 1 AJCEP 2 29 51 58 29 2 8 37 AANZFTA: ASEAN-Australia-New Zealand Free Trade Agreement (Implemented since 1 January 21) AIFTA: ASEAN-India Free Trade Agreement (Implemented since 1 January 21) ACFTA: ASEAN-China Free Trade Agreement (Implemented since 1 July 23) AKFTA: ASEAN-Korea Free Trade Agreement (Implemented since 1 July 26) AANZFTA AIFTA ATIGA ACFTA AKFTA AJCEP 25 1,258 528 5,836 1,16 581 117 2 1,123 536,953 1,8 776 95 9 1,3 396 5,33 1,87 595 18 16 1,97 388 5,317 1,87 572 16 23 1,18 27,69 1,97 62 119 3 962 33,283 1,38 57 138 6 1,8 365 5,13 1,2 669 183 13 86 32,813 727 65 132 ATIGA: ASEAN Trade in Goods Agreement (Implemented since 1 May 21) AJCEP: ASEAN-Japan Comprehensive Economic Partnership (Implemented since 1 February 29) 1.8 1.6 1. 1.2 1..8.6..2. 11 18 25 2 9 16 23 3 6 13 MICECA.1.78 1.18.16.19 1.65.75...3 MNZFTA.1.1.1.3.1.1..3.3.1 Source: MITI MICECA MNZFTA 25 5 1 2 7 2 9 2 1 16 2 23 6 1 3 6 1 13 1 2 MICECA: Malaysia-India Comprehensive Economic Cooperation Agreement (Implemented since 1 July 211) MNZFTA: Malaysia-New Zealand Free Trade Agreement (Implemented since 1 August 21) Commodity Prices Trend, August to ember 211 12 1 8 1,2 1, 8 US$/bbl 6 Raw Sugar Scrap Iron 6 US$/MT 2 Iron Ore 2 12 Aug 19 Aug 9 19 23 /bbl 86 82 89 88 8 82 83 8 85 93 9 98 99 /MT 1,7 1,68 1,17 1,99 1,77 1,26 1,7 982 996 1,8 1,53 1,3 1,62 Raw Sugar /MT 627 619 652 65 578 589 577 615 638 619 589 583 552 Iron Ore/MT 2 2 21 21 21 21 25 2 2 16 17 17 18 Scrap Iron/ MT 51 51 51 51 51 51 55 9 8 3 7 1 21 28 11 18 Sources: MITI, Malaysia Palm Oil Board, Malaysian Iron and Steel Industry Federation (MISIF), Bloomberg and Czarnikow Group
Weekly Commodity Prices Commodity 18 211 (US$) % Change i 21* (US$) 29* (US$) 28* (US$) (per bbl) Raw Sugar Iron Ore (Pellet) Scrap Iron HMS 1&2 (8:2 mix) 98.8 1. 68.-91. 35.-81. 3.3-15.3 1,61.5 2.7 896.6 683. 99. 551.8 5. 59.6 12.3 35. 18. 5.9 162.3 18.5 196.7. (High) Unchanged 2. (Low) Unchanged 393.1 261.7 5. Domestic price for ember 211 : Billets : RM2, - RM2,5 Steel bars : RM2,2 - RM2,35 Note: * Average price in the year except otherwise indicated. All figures have been rounded to the nearest decimal point. i Refer to % change from the previous week s price. Sources: MITI, Malaysia Palm Oil Board, Malaysian Iron and Steel Industry Federation (MISIF), Bloomberg and Czarnikow Group Highest & Lowest Prices 21/211 (US$ per bbl) 211 21 Current Highest Lowest Highest Lowest 98.8 (18 ember) 112.7 (29 April) 8.3 (23 tember) 91. (31 December) 68. (21 May) (US$ per MT) 1,61.5 (18 ember) 1,326. (11 February) 982. (1 ober) 1,263. (31 December) 767. (5 February) Compiled by: MITI Dear Readers, COMMENTS AND FEEDBACK The MITI Weekly Bulletin (MWB) Secretariat is seeking your feedback to improve the Bulletin. Kindly click the link below: http://www.miti.gov.my/cms_matrix/form.jsp?formid=b5b918-ca81573-53d953d9-91af7e5 Click the link below for any comments on articles in this issue. MWB reserves the right to edit and to republish letters as reprints. http://www.miti.gov.my/cms_matrix/form.jsp?formid=c118fbf-ca81573-3a2f3a2f- 1382c 5