Stats Dept: Malaysia’s export price ranges inched downward in Oct

KUALA LUMPUR, Nov 28 — Malaysia’s export selling prices in October 2022 dropped a little by .05 for each cent from 149.8 details in the preceding thirty day period to 149.7 points, though the “import device worth index” showed a favourable effectiveness of .6 for every cent to 133.2 details.

Appropriately, Malaysia’s conditions of trade showed a adverse functionality of .6 per cent thirty day period-on-month to 112.4 factors in Oct 2022, in accordance to the Division of Statistics Malaysia (DoSM).

Malaysia’s main statistician Datuk Seri Mohd Uzir Mahidin claimed the “export unit price index” dipped .05 per cent in Oct 2022 compared with the former month because of to declines in the indices of animal and vegetable oils and fats (5.3 per cent), mineral fuels (3.4 per cent) and miscellaneous produced content articles (.4 for each cent).

“At the exact time, the export volume index also dropped 8.7 for each cent in the very same month, contributed by the declines in the indices of miscellaneous produced content articles (17.8 for each cent), animal and vegetable oils and fats (15.9 for every cent) as effectively as machinery and transportation gear (14.9 for every cent).

“The seasonally altered export volume index dropped 14.5 for each cent from 179.4 details to 153.4 details,” he explained in a statement today.

The import device price index enhanced by .6 for every cent in Oct 2022 from a month prior to, contributed by the rises in the indices of machinery and transportation equipment (2.5 for every cent), miscellaneous created articles (.5 for every cent), and meals (.2 for each cent).

Mohd Uzir stated the import quantity index also amplified by .4 per cent in October in comparison to the prior month, contributed by the boosts in the indices of mineral fuels (18. per cent), food stuff (4.8 per cent), and equipment and transport gear (.6 per cent).

However, the seasonally adjusted import volume index diminished by 3. for every cent from 195.5 details to 189.7 details. — Bernama