Trade Performance for The Month of September 2017 and the ... Weekly Bulletin/MITI_Weekly... · mainly caused by lower exports of palm oil and palm oil-based agriculture products

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Trade Performance for The Month of September 2017 and thePeriod of January- September 2017

11 Straight Months of Strong Growth for Exports, Imports and Trade

Exports remained strong in September 2017, registering a double-digit growth of 14.8% to RM78.26 billion compared to September 2016. In the first nine months of 2017, exports surged by 21.3% to RM690.25 billion. Based on the performance so far, the full year estimate of 16.6% export growth as stated in the Economic Report 2017/2018 is well within reach. This would support the projected economic growth of between 5.2% and 5.7% for 2017. With the emphasis on export promotion in the 2018 budget, exports is expected to be sustained in 2018.

September export achievements were supported by robust demand from major markets mainly from ASEAN, China, Hong Kong SAR, the European Union (EU), the United States of America (USA), Republic of Korea (ROK), Japan, Australia, Mexico and Turkey.

In September 2017, imports grew by 15.2% to RM69.65 billion compared with September 2016. In the first nine months of 2017, imports amounted to RM620.66 billion, rose by 22%. Total trade expanded by 15% to RM147.91 billion in September 2017. Malaysia’s trade in the first nine months of 2017 increased by 21.7% to RM1.311 trillion compared with the same period of 2016.

In September 2017, trade surplus rose to RM8.6 billion, making it the 239th consecutive months of trade surplus recorded since November 1997. For the first nine months of 2017, trade surplus amounted to RM69.59 billion, a 15.6% increase over the same period of 2016.

On a month-on-month (m-o-m) basis, total trade, exports and imports contracted by 4.3%, 4.9% and 3.7%, respectively. In the third quarter (Q3) of 2017 total trade expanded by 21% to RM451.73 billion compared with Q3 2016. Exports soared by 22.1% to RM239.19 billion, registering the fastest year-on-year (y-o-y) growth since second quarter (Q2) of 2010.

Imports rose by 19.8% to RM212.54 billion. A trade surplus of RM26.65 billion was recorded, an increase of 44.6%.

Export Performance of Major Sectors

Export Growth Driven by Manufactured Goods

Exports of manufactured goods in September 2017 grew by 17.1% or RM9.58 billion to RM65.62 billion, accounting for 83.9% of Malaysia’s total exports. The increase was supported mainly by higher exports of electrical and electronic (E&E) products which rose by 17.7% to RM30.87 billion from last year. This was the nine consecutive months where exports of E&E products recorded a double-digit growth.

Apart from E&E products, double-digit expansion in exports were also recorded for petroleum products, manufactures of metal, transport equipment, optical and scientific equipment, rubber products, iron and steel products as well as textiles, apparels and footwear. Increases in exports were registered for all manufactured subsectors except for processed food, beverages and tobacco.

Exports of mining goods in September 2017 grew by 6.1% to RM5.54 billion, accounting for 7.1% of Malaysia’s total exports. The higher growth was driven by increased exports of liquefied natural gas (LNG), underpinned by both higher Average Unit Value (AUV) and volume. Exports of agriculture goods amounted to RM6.3 billion, 1.8% lower from September 2016. This was mainly caused by lower exports of palm oil and palm oil-based agriculture products which decreased by 1.7% to RM4.5 billion. Agriculture goods accounted for 8.1% of Malaysia’s total exports.

Major exports in September 2017 were:• E&E products valued at RM30.87 billion, constituting 39.4% of total exports, increased by 17.7% from September 2016;• Petroleum products, RM6 billion, 7.7% of total exports, increased by 22.4%;• Chemicals and chemical products, RM5.24 billion, 6.7% of total exports, increased by 2.8%;• Palm oil and palm oil-based agriculture products, RM4.5 billion, 5.7% of total exports, declined by 1.7%; and• Manufactures of metal, RM3.25 billion, 4.2% of total exports, increased by 25.4%.


MITI Weekly Bulletin | www.miti.gov.my

Compared to August 2017, exports of manufactured goods fell by 3.1%, agriculture goods (↓5.7%) and mining goods (↓19.8%).

In the first nine months of 2017, exports of manufactured goods expanded by 20.6% to RM566.15 billion compared with the corresponding period of 2016, on account of higher exports of E&E products, petroleum products, chemicals and chemical products, rubber products as well as iron and steel products. Exports of mining goods rose by 29.6% to RM58.68 billion, mainly due to increased exports of LNG and crude petroleum, underpinned by higher AUV. All products in the mining sector recorded double-digit growth during the period. Exports of agriculture goods rose by 15.9% to RM58.4 billion, with higher exports of palm oil and natural rubber, due to higher AUV.

Performance of Major Markets

Higher Exports to ASEAN, Led by Manufactured Goods

Trade with ASEAN grew by 17.4% y-o-y to RM41.14 billion, accounting for 27.8% of Malaysia’s total trade in September 2017. Exports continued to register a double-digit growth, up by 12.7% to RM22.69 billion. Better export performance were seen in manufactured goods which increased by 13.9% or RM2.49 billion in September 2017. The increase was attributed mainly by higher exports of E&E products, transport equipment, petroleum products, chemicals and chemical products as well as optical and scientific equipment. Imports from ASEAN surged 23.8% to RM18.45 billion.

Breakdown of exports to ASEAN countries in September 2017 is as follows:• Singapore RM 11.25 billion, increased by 8.1%• Thailand RM 3.87 billion, ↑7.0%• Indonesia RM 3.23 billion, ↑42.9%• Viet Nam RM 2.38 billion, ↑16.3%• Philippines RM 1.41 billion, ↑14.1%• Myanmar RM 269.1 million, ↓6.6%• Brunei RM 178.3 million, ↓0.9%• Cambodia RM 104.1 million, ↑9.6%• Lao PDR RM 5.4 million, ↓20.9%

Exports to Indonesia increased by RM969.1 million, owing to higher exports of transport equipment. Exports to Singapore soared by RM839.8 million, contributed largely by higher exports of E&E products. Exports to Viet Nam grew by RM332.4million due to higher exports of petroleum products.

On a m-o-m basis, exports, imports and total trade declined by 3.1%, 6.3% and 4.5%, respectively.

In January-September 2017, trade with ASEAN expanded by 23.1% to RM361.12 billion from the same period of 2016. Exports to this region expanded by 20.1% to RM202.38 billion. All major sectors attained double-digit growth with higherexports recorded for manufactured goods, particularly, E&E products, petroleum products, chemicals and chemical products, machinery, equipment and parts as well as transport equipment. Imports increased by 27.1% to RM158.74 billion.

Exports to China Continued On an Upward Trend

Trade with China in September 2017 rose by 15.9% y-o-y to RM24.68 billion, constituting 16.7% of Malaysia’s total trade. Strong and continuous demand from China saw Malaysia’s exports to the country rose by 27.1% to RM11.39 billion, led by higher uptake of E&E products, LNG, petroleum products, manufactures of metal, rubber products as well as chemicals and chemical products. These products represented 76.4% of Malaysia’s exports to China. Exports to China in September posted a stronger y-o-y growth than imports for the sixth straight month. Imports from China increased by 7.8% to RM13.29 billion.

Compared to August 2017, exports increased marginally by 0.8% while imports and total trade contracted by 4.6% and 2.2%, respectively. Trade with China in January-September 2017 expanded by 24.8% to RM212.94 billion compared with the previous period of 2016. Exports to China surged by 35.3% to RM91.87 billion, due to higher exports of E&E products, petroleum products, rubber products, chemicals and chemical products as well as LNG. Imports from China increased by 17.9% to RM121.08 billion.

EU – E&E Exports Hit a Record High

Malaysia’s trade with the EU in September 2017 amounted to RM14.03 billion or 9.5% of Malaysia’s total trade, an increase of 10.1% from September 2016. Exports to the EU maintained a double-digit growth since January 2017, expanding by 16.2% to RM7.99 billion. This was driven mainly by higher exports of manufactured goods, in particular, E&E products which rose significantly by 28.5% or RM967.3 million to RM4.37 billion. This was the highest monthly export value ever recorded, thus far. The share of E&E products improved to 54.6% from 49.4% in September 2016. Imports grew by 2.9% to RM6.03 billion.

Among the top 10 EU markets, exports to 8 markets registered increases, with 5 recording double-digit growth, namely, Germany (↑24.2%), the Netherlands (↑11%), Hungary (↑70.1%), Belgium (↑17.7%) and Poland (↑37.2%). On a m-o-m basis, exports, imports and total trade slipped by 4.7%, 12.3% and 8.1%, respectively.



In the first nine months of 2017, trade with the EU recorded a growth of 17.3% to RM127.4 billion compared with the corresponding period of 2016. Exports to the EU increased by 22.5% to RM70.9 billion, with export increases recorded for almost all products. Imports from the EU rose by 11.4% to RM56.5 billion.

Exports to the USA Recorded Double Digit Growth

In September 2017, Malaysia’s trade with the USA rose by 14.1% y-o-y to RM12.82 billion and accounted for 8.7% of Malaysia’s total trade. Exports to the USA grew by 10.7% to RM7.68 billion, buoyed by higher exports of all sectors. Expansion in exports were recorded for manufactures of metal, transport equipment, petroleum products, optical and scientific equipment as well as iron and steel products. Imports were up by 19.5% to RM5.14 billion. Compared to August 2017, exports, imports and total trade contracted by 3.4%, 3.7% and 3.5%, respectively.

In January-September of 2017, trade with the USA expanded by 19% to RM119.88 billion from the same period of 2016. Exports to the USA rose by 11.5% to RM66.17 billion led by higher exports of E&E products, rubber products, machinery, equipment and parts, iron and steel products as well as chemicals and chemical products.Imports from the USA increased by 29.9% to RM53.72 billion.

Exports to Japan Remained Resilient

On a y-o-y basis, trade with Japan in September 2017 expanded by 8.7% to RM11.16 billion, accounting for 7.5% of Malaysia’s total trade. Exports to Japan increased by 6.9% to RM5.83 billion, supported by increased exports of E&E products, wood products, rubber products, chemicals and chemical products as well as palm oil and palm oil-based agriculture products. Imports were up by 10.8% to RM5.33 billion. On a m-o-m basis, exports, imports and total trade were lower by 5.3%, 2.6% and 4%, respectively.

During the first nine months of 2017, trade with Japan amounted to RM103.07 billion, grew by 16.6% from the corresponding period a year ago. Exports to Japan were valued at RM56.02 billion, soared by 20.1% due to higher exports of E&E products, LNG, chemicals and chemical products, textiles, apparels and footwear, petroleum products as well as optical and scientific equipment. Imports from Japan expanded by 12.7% to RM47.05 billion.

Robust Growth in Trade with FTA Partners

In September 2017, trade with Free Trade Agreement (FTA) partners expanded by 15.7% y-o-y to RM94.04 billion and accounted for 63.6% of Malaysia’s total trade. Exports to FTA partners amounted to RM48.74 billion, up by 14.8% while imports expanded by 16.6% to RM45.3 billion.

Exports to the ROK surged by 25.4% to RM2.18 billion, attributed by higher exports of E&E products, Australia (↑14.2% to RM2.35 billion, petroleum products), Turkey (↑27.8% to RM888.9 million, E&E products), Pakistan (↑45.2% to RM506.2 million, palm oil and palm oil-based agriculture products) and New Zealand (↑18.9% to RM237.3 million, chemicals and chemical products). Compared to August 2017, total trade, exports and imports declined by 3.8%, 4.9% and 2.5%, respectively.

During January-September of 2017, total trade with FTA partners grew by 22.8% to RM829.88 billion, accounting for 63.3% of Malaysia’s total trade. Exports amounted to RM435.57 billion, an increase of 23.6% and imports totalled RM394.31 billion, expanded by 21.9%. Higher exports were recorded to all FTA partners except forLao PDR.

Imports

In September 2017, imports increased by 15.2% to RM69.65 billion. The three main categories of imports by end use were:

• Intermediate goods, valued at RM39.51 billion or 56.7% of total imports, increased by 13.7%, underpinned by higher imports of parts and accessories of capital goods (except transport equipment), particularly electrical machinery and equipment;

• Capital goods, amounted to RM9.26 billion or 13.3% of total imports, expanded by 10.4%, due mainly to higher imports of capital good (except transport equipment), particularly machinery and mechanical appliances; and

• Consumption goods, totalled RM5.72 billion or 8.2% of total imports, increased by 5.6%, as a result of higher imports of processed food and beverages mainly for household consumption especially cereals.

During the first nine months of 2017, imports were valued at RM620.66 billion, an increase of 22% from the corresponding period of 2016. Intermediate goods were valued at RM361.35 billion, increased by 24.1%, capital goods (RM84.05 billion, ↑14.6%) and consumption goods (RM52.31 billion, ↑6.5%).

Ministry of International Trade and Industry3 November 2017



Trade Performance, January-September 2017

ExportsRM690.3 billion 21.3%

ImportsRM620.7 billion 22.0%

Total TradeRM1,310.9 billion

21.7%

Major Products:E&E Products (36.4%)Petroleum Products (7.9%)Chemicals & Chemical Products (7.2%)Palm Oil & Palm-Based Agriculture Products (5.8%)Machinery, Equipment & Parts (4.4%)

Major Products:E&E Products (30.2%)Chemicals & Chemical Products (9.6%)Machinery, Equipment & Parts (9.3%) Petroleum Products (9.0%) Manufactures of Metal (5.2%)

Trade by Region, January-September 2017

Source: Department of Statistics, Malaysia

ExportsRM484.8b

ImportsRM452.2b

ExportsRM28.7b

ImportsRM18.6b

ExportsRM14.1b

ImportsRM14.8b

ExportsRM15.9b

ImportsRM8.4b

ExportsRM77.9b

ImportsRM69.9b

ExportsRM68.8b

ImportsRM56.1b

Latin



TOP Export Destinations

Total ExportsRM690.3b

January - September 2017

1

2

3

4

5

SingaporeRM101.5b

PRCRM91.9b

USARM66.2b

JapanRM56.0b

ThailandRM37.0b

TOP Import Sources

Total ImportsRM620.7b

January - September 2017

1

2

4

5

PRCRM121.1b

SingaporeRM67.0b

USA

JapanRM47.0b

TaiwanRM40.4b

3 RM53.7b




Foreign Direct Investment (FDI) Performance 2013-2016

RM47.2BILLION

ServicesRM24.0 billion 50.9%

Mining &Quarrying

RM8.2 billion 17.5%

ManufacturingRM12.2 billion 25.8%

Net FDI Flows by Major Sector 2016

20122010 2011 2013 20162014 2015

RM billion

FDI

PositionFlows

Income

38.2446.456.9

35.6474.662.2

39.4501.151.3

47.2546.650.9

Share (%) of FDI by Region




international report

RANKING IND O I N G BUSINESS

2018

Reforming to Create Jobs

What is measured in Doing Business?

11 indicator sets to measure aspects of business regulationthat matter for entrepreneurship

190 economies

86.55

84.57

84.06

83.92

83.44

82.54

82.22

82.16

82.04

81.27

New Zealand (1)

Singapore (2)

Denmark (3)

ROK (4)

Hong Kong SAR (5)

United States (6)

United Kingdom (7)

Norway (8)

Georgia (9)

Sweden (10)

EASE OF DOING BUSINESS TOP - 10 RANKINGS

EASE OF DOING BUSINESS ASEAN RANKINGS

84.57

78.43

77.44

70.60

67.93

66.47

58.74

54.47

53.01

44.21

Singapore (2)

Malaysia (24)

Thailand (26)

Brunei (56)

Viet Nam (68)

Indonesia (72)

Philippines (113)

Cambodia (135)

Lao PDR (141)

Myanmar (171)

Source: www.doingbusiness.org/~/media/WBG/DoingBusiness/Documents/Annual-Reports/English/DB2018-Full-Report.pdf

Notes: 1. Numbers in the chart refers to distance to frontier 2. Numbers in the parenthesis is the ranking

Summaries of Doing Business Reforms in 2016/2017 for MalaysiaGetting creditMalaysia strengthened access to creditby adopting a new law that establishesa modern collateral registry.

Protecting minority investorsMalaysia strengthened minority investorprotections by requiring greatercorporate transparency.

Trading across bordersMalaysia made importing and exportingeasier by improving the infrastructure,equipment and facilities at Port Klang.

Malaysia’s Ranking for Doing Business 2018 Indicators:

Starting a Business

111Dealing with Construction

11Getting Electricity

8

RegisteringProperty

42Getting Credit

20Protecting Minor Investors

4

Paying Taxes73 Trading Across

Border

61Enforcing Contracts

44Resolving Insolvency

46

Malaysia



Number and Value of Preferential Certificates of Origin (PCOs)

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

Note: The preference giving countries under the GSP scheme are Liechtenstein, the Russian Federation, Japan, Switzerland, Belarus, Kazakhstan and Norway.

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Generalised System of Preferences (GSP)

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ASEAN-China Free Trade Agreement (ACFTA)


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ASEAN-Korea Free Trade Agreement (AKFTA)


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ASEAN-Japan Comprehensive Economic Partnership (AJCEP)


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ASEAN-India Free Trade Agreement (AIFTA)


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




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

Number and Value of Preferential Certificates of Origin (PCOs)

0

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400

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1,000

1,200

0

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200

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Malaysia-Japan Economic Partnership (MJEPA)


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160

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Malaysia-Pakistan Closer Economic Partnership (MPCEPA)


0

2

4

6

8

10

12

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0.3

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Malaysia-New Zealand Free Trade Agreement (MNZFTA)


0

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40

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Malaysia-Chile Free Trade Agreement (MCFTA)


0

50

100

150

200

250

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500

0

10

20

30

40

50

60

70

80

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Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)


0

100

200

300

400

500

600

0

50

100

150

200

250

300

6 A

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Malaysia-Australia Free Trade Agreement (MAFTA)


0

50

100

150

200

250

300

350

0

100

200

300

400

500

600

6 A

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Malaysia-Turkey Free Trade Agreement (MTFTA)




Source : Bank Negara Malaysia

Malaysian Ringgit Exchange Rate with Selected Countries,January 2016 - September 2017

US Dollar

Chinese Yuan

Thai Baht

Japanese Yen

Singapore Dollar

New Taiwan Dollar

4.3481

3.9045

4.4615

4.2289

3.60

3.70

3.80

3.90

4.00

4.10

4.20

4.30

4.40

4.50

4.60

Jan

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

2016 2017

RM

USD 1 = RM

0.6615

0.6027 0.6019

0.6382

0.57

0.58

0.59

0.60

0.61

0.62

0.63

0.64

0.65

0.66

0.67

Jan

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

2016 2017

RM

CNY 1 = RM

12.0200

11.1226

12.879012.7190

10.00

10.50

11.00

11.50

12.00

12.50

13.00

13.50

Jan

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

2016 2017

RM

THB 100 = RM

3.6805

3.5620

4.0315

3.7439

3.30

3.40

3.50

3.60

3.70

3.80

3.90

4.00

4.10

Jan

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

2016 2017RM

JPY 100 = RM

3.0323

2.8904

3.1583

3.1085

2.75

2.80

2.85

2.90

2.95

3.00

3.05

3.10

3.15

3.20

Jan

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

2016 2017

RM

SGD 1 = RM

12.9926

12.0705

14.5092

13.9697

10.00

10.50

11.00

11.50

12.00

12.50

13.00

13.50

14.00

14.50

15.00

Jan

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

2016 2017

RM

TWD 100 = RM



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

Commodity PricesCRUDE PETROLEUM (BRENT)

-per bbl-3 Nov 2017 : US$62.1, 2.7%*

Average Pricei : 2016: US$45.3 2015: US$53.6

CRUDE PALM OIL-per MT-

3 Nov 2017 : US$733.0, 0.6%*Average Pricei : 2016: US$702.2 2015: US$616.9

RUBBER SMR 20-per MT-

3 Nov 2017 : US$1,413.5, 0.8%*

Average Pricei : 2016: US$1.394.5 2015: US$1.364.3

COAL -per MT-3 Nov 2017 : US$64.4, 4.8%Average Pricei : 2016: US$45.6 2015: US$49.9

COCOA SMC 2-per MT-

3 Nov 2017 : US$1,488.5, 7.8%*

Average Pricei : 2016: US$1,609.8 2015: US$2,077.0

SCRAP IRON HMS-per MT-

3 Nov 2017 : US$340.0 (high), 6.3%* US$320.0 (low), 6.7%*Average Pricei : 2016: US$243.2 2015: US$239.6

HIGHEST and LOWEST 2016/2017

Highest 3 Nov 2017 : US$62.1 30 Dec 2016 : US$56.8

Lowest

23 June 2017 : US$45.5

15 Jan 2016 : US$28.9

Crude Petroleum

(Brent)-per bbl-

Highest 20 Jan 2017 : US$843.0 30 Dec 2016 : US$797.5

Lowest

15 Jan 2016 : US$545.5 30 June 2017 : US$650.0

Crude Palm Oil -per MT-

Domestic Prices3 Nov 2017

Steel Bars(per MT)

RM2,350 – RM2,500

Billets(per MT)

RM2,150 – RM2,300

SUGAR -per lbs-3 Nov 2017 : US¢ 14.4, 1.7%*

Average Pricei : 2016: US¢18.2 2015: US¢13.2


MITI Weekly Bulletin | www.miti.gov.myMITI Weekly Bulletin | www.miti.gov.my

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.

668.5

686.0690.5 692.5

726.5

749.5

727.5

709.5715.5

722.5728.5

733.0

620

640

660

680

700

720

740

760

18 Aug 25 Aug 30 Aug 8 Sep 15 Sep 21 Sep 29 Sep 6 Oct 13 Oct 20 Oct 27 Oct 3 Nov

US$

/mt

Crude Palm Oil

1,350.1

1,379.6

1,417.0

1,350.21,371.7

1,428.21,442.9

1,616.9

1,481.71,503.3

1,615.0

1,488.5

1,200

1,250

1,300

1,350

1,400

1,450

1,500

1,550

1,600

1,650


US$

/mt

Cocoa

13.4

14.013.9

14.1

15.2

14.6

14.114.0

14.4

14.0

14.6

14.4

12.5

13.0

13.5

14.0

14.5

15.0

15.5


US¢

/lbs

Sugar

1,539.01,554.0 1,559.0

1,695.5

1,633.5

1,515.0

1,442.0

1,494.0

1,440.51,430.0 1,425.0

1,413.5

1,250

1,300

1,350

1,400

1,450

1,500

1,550

1,600

1,650

1,700

1,750


US$

/mt

Rubber SMR 20

6,900 7,088 7,113

7,281

6,917 6,851 6,730

6,337

6,085 5,965

4,516

3,984

4,366

4,605

4,188

4,571

3,000

3,500

4,000

4,500

5,000

5,500

6,000

6,500

7,000

7,500

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May

2016 2017

USD

/ to

nne

Black Pepper

* until 31 May 2017** data for April & June 2017 are not available


MITI Weekly Bulletin | www.miti.gov.myMITI Weekly Bulletin | www.miti.gov.my

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.


56.8 56.6

58.1

59.0

60.1 60.1 60.259.9

60.4

61.3 61.4

64.4

52.0

54.0

56.0

58.0

60.0

62.0

64.0

66.0


US$

/t

Coal

1,481

1,531

1,531

1,571 1,551

1,594 1,629

1,639

1,592

1,666

1,737

1,728

1,791

1,861

1,901

1,921

1,913 1,885

1,903

2,030

2,096 2,131

1,400

1,500

1,600

1,700

1,800

1,900

2,000

2,100

2,200

Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

Oct

2016 2017

US$

/ to

nne

Aluminium

4,472 4,599

4,954 4,873

4,695 4,642

4,865 4,752

4,722

4,731

5,451

5,660 5,755

5,941 5,825

5,684 5,600

5,720

5,985

6,486 6,577

6,808

4,000

4,500

5,000

5,500

6,000

6,500

7,000

Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

Oct

2016 2017

US$

/ to

nne

Copper

8,507 8,299

8,717 8,879

8,660

8,928

10,263

10,336

10,192

10,260

11,129 10,972

9,971

10,643

10,205

9,609

9,155 8,932

9,491

10,890

11,216 11,336

7,000

7,500

8,000

8,500

9,000

9,500

10,000

10,500

11,000

11,500

12,000Ja

n

Feb

Mar Apr

May Jun Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

Oct

2016 2017

US$

/ to

nne

Nickel

48.547.9

47.3 47.5

49.950.7

51.7

49.3

51.5 51.5

53.9

55.6

52.7 52.4 52.853.8

55.6

56.957.5

55.6

57.257.8

60.4

62.1

40

45

50

55

60

65


US$

/bbl

Crude Petroleum

Crude Petroleum (WTI)/bbl Crude Petroleum (Brent)/bbl



Sources: Ministry of International Trade and Industry Malaysia, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank.


988.0

978.0

1,002.0

1,017.0

979.0

938.0

923.0

914.0

943.0

922.0 920.0

930.0

860.0

880.0

900.0

920.0

940.0

960.0

980.0

1,000.0

1,020.0

1,040.0

18 Aug 25 Aug 1 Sep 8 Sep 15 Sep 22 Sep 29 Sep 6 Oct 13 Oct 20 Oct 27 Oct 3 Nov

US$

/oz

Platinum

350.0 350.0

390.0 390.0380.0

370.0

350.0 350.0 350.0 350.0

320.0

340.0

340.0 340.0

370.0380.0

370.0360.0

330.0 330.0 330.0 330.0

300.0

320.0

200

250

300

350

400

450


US$

/mt

Scrap Iron

Scrap Iron/MT (High) Scrap Iron/MT(Low)

41.88

46.83

56.20

60.92

55.1351.98

57.26

60.8957.79

59.09

73.10

80.02

80.41

89.4487.65

70.22

62.43

57.48

67.74

76.07

71.53

61.66

30.0

40.0

50.0

60.0

70.0

80.0

90.0

100.0

Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

Oct

2016 2017U

S$/d

mtu

Iron Ore

17.217.1

17.6

18.1

17.8

17.0

16.8

16.6

17.4

17.2

16.7

17.2

15.5

16.0

16.5

17.0

17.5

18.0

18.5

18 Aug 25 Aug 1 Sep 8 Sep 15 Sep 22 Sep 29 Sep 6 Oct 13 Oct 20 Oct 27 Oct 3 Nov

US$

/oz

Silver

41.7

41.3

42.5

43.3

42.5

41.6

41.3

40.6

41.8

41.2

40.7 40.7

39.0

39.5

40.0

40.5

41.0

41.5

42.0

42.5

43.0

43.5


US$

/oz

Gold



MITI PROGRAMMEMITI PROGRAMMEDAYA eUsahawan, 30-31 Oktober 2017



MITI PROGRAMMEMITI PROGRAMMEMalaysia Digital Free Trade Zone (DFTZ) Goes Live,

3 November 2017



MITI PROGRAMMEMITI PROGRAMME

Malaysian Car of the Year Awards6 November 2017

Royal Gala Dinner with Prince Charles4 November 2017



of Technical Terms

Source: http://www.miti.gov.my/index.php/glossary

Regional Trade AgreementsA preferential trade agreement or free trade agreement, signed between countries in the same region (often located near to each other).

RegionalismRefers to the expression of a common sense of identity and purpose combined with the creation and implementation of institutions that express a particular identity and shape collective action within a geographical region. Regionalism is a theory and action implemented by governments for trade liberalization or facilitation in a region, or carried out through free trade areas or customs unions (WTO definition).

RemanufacturingThe process of transforming a used product to as good as new condition by rebuilding its component parts back to its functionality performance specifications and also by replacing unbuildable parts with brand new components and carries an acceptable warranty period as to a brand new (similar) product manufactured by the Original Equipment Manufacturers (OEMs).

Robotics and Factory Automation EquipmentWhole spectrum of integrated automation solutions for industrial manufacturing with particular emphasis on mechanical engineering and robotics for various industries.

QVCQualifying Value Content

ROORules of Origin

Rotterdam ConventionA legally binding obligation for the implementation of PIC procedure on chemical trade.

RVCRegional Value Content

Safeguard MeasuresAction taken to protect a specific industry from an unexpected build-up of imports - generally governed by Article 19 of GATT. The Agriculture Agreement and Textiles and Clothing Agreement have different specific types of safeguards: “special safeguards” in agriculture, and “transitional safeguards” in textiles and clothing.



Announcement

For more information:Kindly visit TalentCorp (https://www.talentcorp.com.my/myaseaninternship/myaseaninternship)

or send your inquiry to [email protected]

The Industrial Co-ordination Act 1975 (“ICA”) is an Act to provide for the co-ordination and orderly development of manufacturing activities in Malaysia. The Ministry of International Trade and Industry is in the midst of reviewing the ICA with the objective to provide a more conducive environment for businesses.

Thus, all members of the public are invited to participate in this ICA online consultation process which will run from 24 October 2017 until 11 November 2017. Kindly click at http://grp.miti.gov.my/index.php/public_consultation/view/34 to provide feedback and suggestions.







Objective

Help SMEs to export their products

globally with ease

Nurture an ecosystem to drive innovation in e-commerce and internet economy

Make Malaysia the regional fulfillment

hub for global brands to reach ASEAN

buyers

Enable global market places to source from Malaysian

manufacturers and sellers

The three components

eServices Platform E-Fulfillment Hub Satellite Services Hub

Industry No. of CompaniesFood & Beverage 385Beauty & Personal care 196Furniture 116Health & Medical 84Packaging & Printing 76Apparel 63Agriculture 61Rubber & Plastics 59Automobiles & Motorcycles 58Others 225

Top 10 product categories preffered by Malaysian SMEs on Alibaba:

SMEs breakdown according to states:

Source: mydftz.com and www.klia.com.my/document/subsidiares/pdf_aeropolis-master-plan_337427522.pdfKindly visit https://mydftz.com/dftz-goes-live/ to get more information on DFTZ.

DFTZ



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Dear Readers,

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Leadership is lifting a person’s vision

to high sights, the raising of a person’s

performance to a higher standard, the

building of a personality beyond its

normal limitations.

Peter Drucker

Quote of the day...