Professional Documents
Culture Documents
Note :
* refers to compound annual growth rate
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MITI Weekly Bulletin | www.miti.gov.my
Total Trade
1957 2017
RM2.5 billion RM1,773.5 billion
Trade
Exports Imports
1957 2017 1957 2017
RM1.4 billion RM935.4 billion RM1.1 billion RM838.1 billion
1957 USA
RM283.0 mil.
USA
RM26.7 mil.
Thailand Thailand
RM44.8 mil. RM203.3 mil.
Exports Imports
Singapore Singapore
RM135,590.0 mil.
2017
RM92,723.9 mil.
PRC PRC
RM126,150.5 mil. RM164,495.4 mil.
USA USA
RM88,693.0 mil. RM69,320.9mil.
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119.8 118.7
Malaysia Statistics
July July
2018 2017
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RM mil.
3,000 3,000 1,500
1,000
2,000 2,000 1,000
500
1,000 1,000 500
0 0 0 0
5 Aug
5 Aug
10 Jun
17 Jun
24 Jun
15 Jul
22 Jul
29 Jul
10 Jun
17 Jun
24 Jun
15 Jul
22 Jul
29 Jul
3 Jun
1 Jul
8 Jul
3 Jun
1 Jul
8 Jul
12 Aug
19 Aug
12 Aug
19 Aug
Total FOB (RM mil.) Total CO Total FOB (RM mil.) Total CO
ASEAN-Korea Free Trade Agreement (AKFTA) ASEAN-Japan Comprehensive Economic Partnership (AJCEP)
2,500 1,400 160 300
1,200 140
250
2,000
No. of Certificate of Origin
RM mil.
80 150
600
1,000
60
100
400
40
500
50
200 20
0 0 0 0
5 Aug
5 Aug
10 Jun
17 Jun
24 Jun
15 Jul
22 Jul
29 Jul
10 Jun
17 Jun
24 Jun
15 Jul
22 Jul
29 Jul
3 Jun
1 Jul
8 Jul
3 Jun
1 Jul
8 Jul
12 Aug
19 Aug
12 Aug
19 Aug
Total FOB (RM mil.) Total CO Total FOB (RM mil.) Total CO
ASEAN-India Free Trade Agreement (AIFTA) ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA)
400 900 160 1,600
700
No. of Certificate of Origin
RM mil.
200 80 800
400
150 60 600
300
100 40 400
200
50 100 20 200
0 0 0 0
5 Aug
5 Aug
10 Jun
17 Jun
24 Jun
15 Jul
22 Jul
29 Jul
10 Jun
17 Jun
24 Jun
15 Jul
22 Jul
29 Jul
3 Jun
1 Jul
8 Jul
3 Jun
1 Jul
8 Jul
12 Aug
19 Aug
12 Aug
19 Aug
Total FOB (RM mil.) Total CO Total FOB (RM mil.) Total CO
160
30
140
No. of Certificate of Origin
25
120
20 100
RM mil.
15 80
60
10
40
5
20
0 0
5 Aug
10 Jun
17 Jun
24 Jun
15 Jul
22 Jul
29 Jul
3 Jun
1 Jul
8 Jul
12 Aug
19 Aug
Note: The preference giving countries under the GSP scheme are Liechtenstein, the Russian
Federation, Japan, Switzerland, Belarus, Kazakhstan and Norway.
Note: *Provisional Data
Source: Ministry of International Trade and Industry, Malaysia
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350 300
1,000
200
RM mil.
200 600
150
100
150
400
100
100
50
200
50 50
0 0 0 0
5 Aug
5 Aug
10 Jun
17 Jun
24 Jun
15 Jul
22 Jul
29 Jul
10 Jun
17 Jun
24 Jun
15 Jul
22 Jul
29 Jul
3 Jun
1 Jul
8 Jul
3 Jun
1 Jul
8 Jul
12 Aug
19 Aug
12 Aug
19 Aug
Total FOB (RM mil.) Total CO Total FOB (RM mil.) Total CO
Malaysia-New Zealand Free Trade Agreement (MNZFTA) Malaysia-Chile Free Trade Agreement (MCFTA)
0.60 14 25 100
90
12
0.50
20 80
No. of Certificate of Origin
RM mil.
0.30 50
6
10 40
0.20
4 30
5 20
0.10 2
10
0.00 0 0 0
5 Aug
5 Aug
10 Jun
17 Jun
24 Jun
15 Jul
22 Jul
29 Jul
10 Jun
17 Jun
24 Jun
15 Jul
22 Jul
29 Jul
3 Jun
1 Jul
8 Jul
3 Jun
1 Jul
8 Jul
12 Aug
19 Aug
12 Aug
19 Aug
Total FOB (RM mil.) Total CO Total FOB (RM mil.) Total CO
Malaysia-India Comprehensive Economic Cooperation Agreement Malaysia-Australia Free Trade Agreement (MAFTA)
80 (MICECA) 500 70 600
450
70 60 500
400
No. of Certificate of Origin
RM mil.
40 250 300
30
200
30
200
150 20
20
100
100
10 10
50
0 0 0 0
5 Aug
5 Aug
10 Jun
17 Jun
24 Jun
15 Jul
22 Jul
29 Jul
10 Jun
17 Jun
24 Jun
15 Jul
22 Jul
29 Jul
3 Jun
1 Jul
8 Jul
3 Jun
1 Jul
8 Jul
12 Aug
19 Aug
12 Aug
19 Aug
Total FOB (RM mil.) Total CO Total FOB (RM mil.) Total CO
350 300
No. of Certificate of Origin
300
250
250
200
RM mil.
200
150
150
100
100
50 50
0 0
5 Aug
10 Jun
17 Jun
24 Jun
15 Jul
22 Jul
29 Jul
3 Jun
1 Jul
8 Jul
12 Aug
19 Aug
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MITI Weekly Bulletin | www.miti.gov.my
4.60 4.60
4.4596
4.50 4.50 4.4697
4.40 4.4209
4.40
4.30
4.30
4.20
4.10 4.20
4.0493
RM
RM
4.00 4.10 4.0718
3.90
4.00
3.8862
3.80 3.9775
3.90
3.70
3.60 3.80
3.50 3.70
May
May
May
May
Feb
Mar
Feb
Mar
Feb
Mar
Feb
Mar
Aug
Aug
Sep
Sep
Apr
Apr
Jun
Apr
Apr
Jun
Jun
Jun
Jan
Jan
Jan
Jan
Jul
Jul
Jul
Jul
Oct
Oct
Dec
Dec
Nov
Nov
2017 2018 2017 2018
3.50 125.0
3.4288
3.40
120.0 118.9006
3.3755
3.30
115.0
3.20
110.0
RM
RM
3.0814 107.9706
3.10
105.0
3.00 3.0211
103.6265
100.0
2.90
2.80 95.0
May
May
May
May
Feb
Mar
Feb
Mar
Feb
Mar
Feb
Mar
Aug
Aug
Sep
Sep
Apr
Jun
Apr
Jun
Apr
Jun
Apr
Jun
Jan
Jan
Jan
Jan
Jul
Jul
Jul
Jul
Oct
Oct
Dec
Dec
Nov
Nov
3.30 0.340
3.2126
3.20 0.330 0.3296
3.1735
3.10 0.320
3.00 0.310
2.90 0.300
RM
RM
0.2843
2.70 0.280
2.60 0.270
2.50 0.260
May
May
May
May
Feb
Mar
Feb
Mar
Feb
Mar
Feb
Mar
Aug
Aug
Sep
Sep
Apr
Jun
Apr
Jun
Apr
Jun
Apr
Jun
Jan
Jan
Jan
Jan
Jul
Jul
Jul
Jul
Oct
Oct
Dec
Dec
Nov
Nov
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Commodity Prices
CRUDE PETROLEUM (BRENT) HIGHEST and LOWEST
-per bbl- 2017/2018
24 Aug 2018 : US$75.8, 4.3%* Crude
Average Pricei : 2017: US$55.0 Petroleum
2016: US$45.3 (Brent) Highest
-per bbl-
29 June 2018 : US$79.4
CRUDE PALM OIL 29 Dec 2017 : US$66.9
-per MT-
24 Aug 2018 : US$545.0, 4.2%*
Average Pricei : 2017: US$719.7
2016: US$702.2 Lowest 2.8
2 0 1 8 : US$6
9 Feb $45.5
SUGAR -per lbs- n e 2 0 17 : US
23 Ju
24 Aug 2018 :US¢10.2, 0.5%*
Average Price : 2017: US¢15.8
i
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670
Crude Palm Oil Rubber SMR 20
1,440
662.0
1,420 1,424.0
657.0
650
1,400
630 635.5
1,380
1,371.5 1,373.5
1,360
610
609.5 610.5
1,352.0 1,354.5
US$/mt
US$/mt
605.0 1,340 1,349.0
602.0 1,342.5 1,339.5
590 1,332.5
1,320
587.5
1,316.0 1,314.5 1,316.5
570 1,300
572.5 570.5 569.0
1,280
550
1,260
545.0
530 1,240
8 June 14 June 22 June 29 June 6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 8 June 14 June22 June29 June 6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug
1,700
Cocoa 7,500
Black Pepper
1,646.7
7,281
1,650 7,000
7,113
7,088
6,917
6,900
6,851
1,633.7
6,730
1,600 6,500
1,607.1 1,612.5
6,337
6,000
1,550
6,085
5,965
1,553.3
5,500
USD/ tonne
1,500
1,506.4
1,489.2 5,000
US$/mt
1,450 1,463.5
4,500
4,605
1,400 1,423.5 4,516
4,474
4,463
1,408.5
4,366
4,000
4,170
4,114
3,984
3,974
1,350
3,500
3,476
1,300 1,311.4
1,303.6 3,000
2,950
1,250
2,500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
1,200
8 June 14 June22 June29 June 6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 2016 2017
13.0
Sugar 85
Crude Petroleum
80 79.4
12.5
12.5 77.1
12.4 76.5
75.6 75.3 75.8
12.3
12.3 75 74.3
73.4 73.1 73.2
12.0 72.8
74.2 73.8 71.8
70 71.0
70.5
US¢/lbs
US$/bbl
10.5
10.5 55
Crude Petroleum (WTI)/bbl
10.2 Crude Petroleum (Brent)/bbl
10.2
10.0 50
8 June 15 June 22 June 29 June 6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 8 June 15 June 22 June 29 June 6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board,
Malaysian Pepper Board, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
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MITI Weekly Bulletin | www.miti.gov.my
2,300
14,366
14,000
2,300
7,000
13,938
7,066
2,255
7,007
2,200
13,596
13,393
2,210
6,852
13,000
6,834
6,827
6,825
6,808
6,799
2,182
6,500
12,865
2,100
2,131
6,577
6,486
2,097
2,096
2,080
12,000
2,069
2,000
11,972
2,030
US$/ tonne
US$/ tonne
6,000
US$/ tonne
11,495
5,985
11,336
11,000
5,941
1,900
11,216
1,921
1,913
5,825
1,903
1,901
10,890
5,755
1,885
5,720
5,684
10,643
1,861
5,500
5,600
1,800 10,000
10,205
1,791
9,971
1,700
9,609
9,491
5,000 9,000
9,155
8,932
1,600
4,500 8,000
1,500
1,400 7,000
4,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
2017 2018 2017 2018
2017 2018
68.0
Coal Scrap Iron 100.0
Iron Ore
400
89.44
66.0 380.0 380.0 380.0 380.0 380.0
87.65
65.3 65.4 380
65.2 65.2
65.0 370.0 370.0 375.0 375.0 375.0 375.0 375.0 80.0
64.4 64.6
80.41
370
77.46
76.34
63.8
76.07
64.0
70.0
72.25
360
71.53
US$/dmtu
70.35
70.22
63.0 360.0 360.0 360.0 360.0 360.0
67.74
US$/mt
US$/t
62.3
66.10
65.75
350
64.24
60.0
62.43
62.0 350.0 350.0
61.66
340
57.48
61.0 61.0 61.0
61.0
50.0
330
60.0
43.0
Gold 17.0
Silver Platinum
920.0
16.8 900.0
42.0 904.0
16.5
41.9
41.7 880.0
16.4
16.3
41.0
16.0 860.0 869.0 870.0
16.1 16.1
40.7
854.0
40.0 40.4 15.8 840.0 848.6
40.2
40.1
15.5 836.9
15.5 820.0 830.3 829.5 831.7 829.6
39.5 15.5 15.5
US$/oz
US$/oz
US$/oz
740.0
14.0
36.0
720.0
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.
MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
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Y.B. Darell Leiking, Minister of International Trade and Industry will lead the
Malaysian delegation to the 50th ASEAN Economic Ministers’ (AEM) Meeting
and Related Meetings from 28 August – 1 September 2018 in Singapore. In
conjunction with the AEM, Y.B. Darell will also undertake a working visit to
Singapore as part of MITI’s continuous efforts to further strengthen trade
and investment ties between Malaysia and Singapore.
During the consultations with Dialogue Partners, the Ministers are expected to evaluate the
progress in implementation of the various Free Trade Agreements (FTAs)
and economic cooperation programmes. The Ministers will also deliberate on accelerating the
pace of negotiations of the Regional Comprehensive Economic Partnership (RCEP), with the view
to bringing RCEP closer to a substantial conclusion. Apart from these meetings, Y.B. Darell will be
meeting his counterparts from ASEAN and Dialogue Partners such as Australia, Canada, India,
Japan, New Zealand, and the United States on a bilateral setting, as well as representatives from
the ASEAN Business Advisory Council (ASEAN-BAC), US-ASEAN Business Council (USABC) and
East Asia Business Council (EABC).
AEC remains a fundamental platform towards creating a deeply integrated and highly cohesive
regional economy as well as a competitive, innovative and dynamic community. Malaysia will continue
to play an active role in driving the regional economic integration under the AEC Blueprint 2025,
especially in championing the efforts to enhance trade facilitation and resolve the long-standing
issues of NTBs. Malaysia has been benefiting from the various economic integration initiatives
implemented under the AEC especially in terms of trade, investment and employment opportunities.
Generally, ASEAN economic integration has provided the opportunities for Malaysian companies to
expand their business to other ASEAN countries, not only as a major key export and import market
but also an important destination for Malaysia’s outward investments.
With more than 640 million population, ASEAN remains a key trading partner for Malaysia, taking
up 27.5% of Malaysia’s external trade in 2017. Trade with ASEAN amounted to RM487.42 billion,
an increase of 21% from 2016. Foreign Direct Investment (FDI) inflows from ASEAN to Malaysia
totalled at US$2.17 billion, also increased by 3.2% from 2016.
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of Technical Terms
Preferential Tariff
Tariff set at certain percentage between two countries which is more favourable with other countries.
Professional services
Occupations in the tertiary sector of the economy requiring special training in the arts or sciences. Some professional
services require holding professional licenses such as architects, auditors, engineers, doctors, accountants and
lawyers.
PSR
Product Specific Rules - Rules used to specify that the materials have undergone change in tariff classification or a specific
manufacturing process.
QRs
Quantitative restrictions - specific limits on the quantity or value of goods that can be imported (or exported) during a
specific time period.
QVC
Qualifying Value Content
RCEP
Regional Comprehensive Economic Partnership (ASEAN+6)
Regional Economic Integration
Refers to agreements between countries in a geographic region to reduce, and ultimately remove, tariffs and non-
tariff barriers to facilitate the free flow of goods and services between one another. In 2009 APEC Senior Officials
agreed on a threefold comprehensive approach to accelerating regional economic integration – liberalizing trade
and investment flows “at the border”, improving the business environment “behind the border”, and enhancing
physical connectivity “across the border”.
Regional Trade Agreements
A preferential trade agreement or free trade agreement, signed between countries in the same region (often located
near to each other)
Regionalism
Refers 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).
Remanufacturing
The 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).
Source: http://www.miti.gov.my/index.php/glossary
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Announcements
Tentative Schedule for MITI
Pocket Talks 2018
No. Date Venue Topic
Introduction to
FTA & Preferential
1 17-Oct MITI HQ
Certificate of
Origin (PCO)
Introduction to
MITI FTA & Preferential
2 14-Nov
Sabah Certificate of
Origin (PCO)
Introduction to
FTA & Preferential
3 5-Dec MITI HQ
Certificate of
Origin (PCO)
Introduction to
MITI FTA & Preferential
4 12-Dec
Sarawak Certificate of
Origin (PCO)
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Announcements
Kindly refer:
http://www.imi.gov.my/index.php/en/resources-and-archives/announcement/1784-
notice-of-apec-card-production-suspended-time.html
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Malaysia
Happy
NATIONAL DAY
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Dear Readers,
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