Export, import unit value indices up 1.3% in July

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PETALING JAYA: Malaysia’s monthly export and import unit value indices continued to show positive growth in July 2021, both rising 1.3% month-on-month (m-o-m).

In contrast, their volume indices recorded a decline in the same period, the Department of Statistics Malaysia said.

“On the other hand, the export volume index recorded a decline of 9% in the same month, reflected by the decreases in the indices of miscellaneous manufactured articles , manufactured goods and machinery and transport equipment ,” he said in an external trade indices report released yesterday. “When compared to the previous year, the export unit value index grew 14.3%, while the export volume index declined 8.2%,” he said.

However, the import volume index fell 0.8% in the same month compared to the preceding month, attributed to the drop in the indices of animal and vegetable oils and fats , manufactured goods and chemicals .

 

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