SABAH
TRADE SUMMARY
JANUARY – DECEMBER 2003
1. Balance of Trade
1.1 Sabah continued to register a favorable trade balance with a surplus amounting to RM5,684.8 million during the year 2003 as compared to RM3,571.2 million in 2002, an increase of RM2,113.6 million or 59.2%. This was due to the substantial increase in exports of RM3,609.8 million vis-a-vis the lower increase in imports by RM1,496.2 million between the review periods. Significant increases were recorded in the exports of palm oil and crude petroleum which together amounted to RM2,476.8 million.
2. Exports
2.1 Sabah’s total export revenue amounted to RM19,050.8 million during the year 2003 as compared to RM15,441.0 million for the corresponding period last year. Palm oil, crude petroleum, plywood, palm kernel oil, sawn timber, methanol, hot briquetted iron and uncoated printing & writing paper were the main export commodities during the current review period which together amounted to RM14,488.7 million or 76.1% of total exports.
2.2 Palm oil retained its position as Sabah’s leading major export commodity
during the year 2003 with revenue amounting to RM6,939.4 million and contributed to 36.4% of the State’s total export earnings, an increase of RM1,538.6 million as against RM5,400.8 million of the previous period. This higher receipt was jointly attributable to the increased f.o.b. export price from RM1,325.8 per tonne to RM1,557.8 per tonne coupled with the higher export volume from 4,073.5 thousand tonnes to 4,454.7 thousand tonnes. The People’s Republic of China (1,814.3 thousand tonnes), the Netherlands (736.4 thousand tonnes), India (508.1 thousand tonnes) and Pakistan (424.6 thousand tonnes) were the main buyers during the current review period.
2.3 Crude petroleum was the second important revenue earner and collected a higher receipt of RM4,175.8 million as against RM3,237.6 million during the two review periods. This increase was resulted from the better f.o.b. export price from RM674.3 per tonne to RM827.6 per tonne. (+RM153.3 per tonne). The volume exported stood at 5,046 thousand tonnes during the current reference period. India, the Republic of Indonesia and Peninsular Malaysia together acquired 83.4% of Sabah’s crude petroleum.
2.4 Sabah’s plywood generated revenue valued at RM1,193.7 million as against RM1,145.1 million during the periods under review, representing a marginal 4.2% increase (+ RM48.6 million). This was solely attributable to the higher volume exported by 89.3 thousand cubic metres. The f.o.b. unit value on the other hand, declined by 3.7% to 1,042.4 thousand cubic metres. The main importers for Sabah’s plywood during the year 2003 were Japan (280.3 thousand cubic metres), the U.S.A. (212.5 thousand cubic metres), the Republic of Korea (200.4 thousand cubic metres), and Peninsular Malaysia (148.1 thousand cubic metres).
3. Imports
3.1 Sabah’s imports increased from RM11,869.8 million to RM13,366.0 million during the periods under comparison, an increase of RM1,496.2 million or 12.6%. Higher imports were observed on machinery & transport equipment (+ RM681.7 million), food (+ RM190.3 million) and chemicals & related products (+ RM177.3 million)
3.2 Machinery and transport equipment tops the list of import items, valued at RM4,620.7 million or 34.6% of total imports. Road vehicles (RM1,730.5 million), general industrial machinery and equipment, n.e.s. and machine parts n.e.s. (RM710.2 million), machinery for particular industries (RM730.2 million) and electrical machinery, apparatus & appliances, n.e.s. (RM438.5 million) were the main component items imported.
3.3 Imports of manufactured goods valued at RM1,795.9 million contributed to 13.4% of total imports during the current review period. Iron and steel (RM577.8 million), manufactures of metal n.e.s (RM361.4 million), non-metallic mineral manufactures (RM264.8 million) and rubber manufactures (RM203.8 million) were the main constituent items imported.
3.4 Sabah’s import bill on food amounted to RM1,524.8 million during the current review period which accounted for 11.4% of total imports. Cereals & cereal preparations (RM432.6 million), misc. edible products & preparations (RM265.2 million), coffee, tea, cocoa, spices & manufactures thereof (RM142.2 million) and dairy products & birds’ eggs (RM137.1 million) were the principal component items imported.
4. Direction of Trade
Sabah’s major trading partners during January-December, 2003 were Peninsular Malaysia, the People’s Republic Of China, ASEAN, India, the European Union, U.S.A., Japan, Sarawak, the Republic of Korea and Taiwan in that order of importance.
Department of Statistics Malaysia,
(Sabah Branch), Kota Kinabalu
February 10, 2004.
SABAH
(RM MILLION)
|
|
|
Quantity |
Value |
||||
|
|
Unit of |
January-December |
Changes |
January-December |
Changes in |
||
|
Major Commodities |
Quantity |
2002 |
2003 |
in Quantity |
2002 |
2003 |
Value |
|
1. Palm Oil ( Crude & Processed) |
Tonnes |
4,073,481 |
4,454,727 |
381,246 |
5,400.8 |
6,939.4 |
1,538.6 |
|
2. Petroleum (Crude) |
‘000 Tonnes |
4,801 |
5,046 |
245 |
3,237.6 |
4,175.8 |
938.2 |
|
3. Plywood |
Cu. Metres |
1,087,677 |
1,176,962 |
89,285 |
1,145.1 |
1,193.7 |
48.6 |
|
4. Palm Kernel Oil |
Tonnes |
399,619 |
453,103 |
53,484 |
528.6 |
714.4 |
185.8 |
|
5. Sawn Timber (Incl. conifer) |
‘000 Cu. Metres |
493 |
502 |
9 |
548.8 |
567.3 |
18.4 |
|
6. Methanol |
Tonnes |
476,852 |
614,464 |
137,612 |
248.2 |
467.5 |
219.2 |
|
7. Hot Briquetted Iron |
Tonnes |
761,202 |
770,856 |
9,654 |
327.0 |
430.6 |
103.6 |
|
8. Uncoated Printing & Writing Paper |
Tonnes |
138,190 |
113,992 |
-24,198 |
298.4 |
264.3 |
-34.1 |
|
9. Prawns, fresh, frozen |
Tonnes |
8,627 |
7,738 |
-889 |
211.6 |
181.1 |
-30.5 |
|
10. Veneer Sheets |
Cu. Metres |
150,439 |
149,838 |
-601 |
153.2 |
149.8 |
-3.4 |
|
11.Cocoa Beans ( Raw & Roasted) |
Tonnes |
25,664 |
19,230 |
-6,434 |
135.2 |
118.0 |
-17.3 |
|
12. Laminated Wood |
Cu. Metres |
121,012 |
120,467 |
-545 |
126.0 |
134.2 |
8.2 |
|
13. Rubber |
Tonnes |
25,817 |
34,876 |
9,059 |
68.7 |
121.4 |
52.7 |
|
14. Palm Kernel Cake |
Tonnes |
413,704 |
509,447 |
95,743 |
78.8 |
92.3 |
13.6 |
|
15. Moulded Woods |
Cu. Metres |
29,311 |
25,450 |
-3,861 |
52.5 |
44.1 |
-8.4 |
|
Total Selected Major Exports |
|
|
|
|
12,560.6 |
15,593.9 |
3,033.3 |
|
Other Exports |
|
|
|
|
2,880.4 |
3,456.9 |
576.5 |
|
Total Exports |
|
|
|
|
15,441.0 |
19,050.8 |
3,609.8 |
Notes: Figures may not add up to totals due to rounding.
Table 2 - IMPORTS BY COMMODITY SECTIONS (RM MILLION)
(RM Million)
|
S.I.T.C. Commodity Sections |
January-December |
Changes in Value |
% Change Over Corresponding Year |
|||
|
2002 |
2003 |
|||||
|
Value |
% of total |
Value |
% of total |
|||
|
(1) |
(2) |
(3) |
(4) |
(5)=(3)-(1) |
(6)=(5)/(1)x100 |
|
|
0. Food |
1,334.5 |
11.2 |
1,524.8 |
11.4 |
190.3 |
14.3 |
|
1. Beverages & tobacco |
399.7 |
3.4 |
462.7 |
3.5 |
63.0 |
15.8 |
|
2. Crude materials, inedible except fuels |
381.8 |
3.2 |
454.4 |
3.4 |
72.6 |
19.0 |
|
3. Mineral fuels, lubricants & related materials |
1,229.5 |
10.4 |
1,395.9 |
10.4 |
166.4 |
13.5 |
|
4. Animal & vegetable oils & fats |
68.3 |
0.6 |
81.4 |
0.6 |
13.1 |
19.2 |
|
5. Chemicals & related products |
1,338.6 |
11.3 |
1,515.9 |
11.3 |
177.3 |
13.2 |
|
6. Manufactured goods classified chiefly by materials |
1,706.6 |
14.4 |
1,795.9 |
13.4 |
89.3 |
5.2 |
|
7. Machinery & transport equipment |
3,938.9 |
33.2 |
4,620.7 |
34.6 |
681.7 |
17.3 |
|
8. Misc. manufactured articles |
1,198.1 |
10.1 |
1,251.5 |
9.4 |
53.5 |
4.5 |
|
9. Misc. transactions & commodities |
273.8 |
2.3 |
262.7 |
2.0 |
-11.0 |
-4.0 |
|
TOTAL IMPORTS |
11,869.8 |
100.0 |
13,366.0 |
100.0 |
1,496.2 |
12.6 |
Note : Figures may not add up to totals due to rounding.
SABAH
TABLE 3 - DIRECTION OF TRADE
(RM MILLION)
|
Country/Country Groupings |
Imports |
Exports |
||||||
January-December |
January-December |
|||||||
|
2002 |
2003 |
2002 |
2003 |
|||||
|
Value |
% of total |
Value |
% of total |
Value |
% of total |
Value |
% of total |
|
|
1. Rest of Malaysia : |
|
|
|
|
|
|
|
|
|
- Peninsular Malaysia |
6,862.2 |
57.8 |
7,765.8 |
58.1 |
2,389.5 |
15.5 |
2,647.1 |
13.9 |
|
- Sarawak |
318.2 |
2.7 |
226.7 |
1.7 |
1,125.6 |
7.3 |
1,200.7 |
6.3 |
|
|
|
|
|
|
|
|
|
|
|
2. ASEAN : |
|
|
|
|
|
|
|
|
|
- Brunei Darussalam |
1.3 |
x |
4.1 |
x |
132.6 |
0.9 |
279.6 |
1.5 |
|
- Cambodia |
4.1 |
x |
4.6 |
0.0 |
0.7 |
- |
0.2 |
0.2 |
|
- Indonesia, Rep. Of |
262.3 |
2.2 |
326.2 |
2.4 |
653.2 |
4.2 |
1,079.7 |
5.7 |
|
- Laos, People’s Dem. Rep. of |
- |
- |
+ |
x |
5.3 |
x |
+ |
x |
|
- Myanmar, Union of |
5.7 |
0.0 |
11.7 |
0.1 |
0.9 |
x |
2.8 |
x |
|
- Philippines |
75.8 |
0.6 |
99.6 |
0.7 |
151.4 |
1.0 |
128.6 |
0.7 |
|
- Singapore, Rep. Of |
627.1 |
5.3 |
684.0 |
5.1 |
376.5 |
2.4 |
484.6 |
2.5 |
|
- Thailand |
143.4 |
1.2 |
165.3 |
1.2 |
166.4 |
1.1 |
286.2 |
1.5 |
|
- Vietnam, Soc. Rep. Of |
60.4 |
0.5 |
64.0 |
0.5 |
84.6 |
0.5 |
117.3 |
0.6 |
Total ASEAN |
1,180.1 |
9.9 |
1,359.4 |
10.1 |
1,571.5 |
10.2 |
2,378.9 |
12.5 |
|
|
|
|
|
|
|
|
|
|
|
3. Japan |
588.1 |
5.0 |
564.6 |
4.2 |
1,105.4 |
7.2 |
1,099.4 |
5.8 |
|
4. China, People’s Rep. Of |
450.1 |
3.8 |
636.0 |
4.8 |
2,315.2 |
15.0 |
3,374.2 |
17.7 |
|
5. Taiwan |
184.3 |
1.6 |
165.7 |
1.2 |
319.4 |
2.1 |
390.8 |
2.1 |
|
6. Korea, Rep. of |
71.3 |
0.6 |
117.9 |
0.9 |
1,278.6 |
8.3 |
844.6 |
4.4 |
|
7. India |
75.8 |
0.6 |
103.2 |
0.8 |
1,944.9 |
12.6 |
2,801.4 |
14.7 |
|
8. European Union |
501.1 |
4.2 |
499.0 |
3.7 |
1,419.5 |
9.2 |
1,879.0 |
9.9 |
|
9. U.S.A. |
975.1 |
8.2 |
1,195.6 |
8.9 |
520.5 |
3.4 |
652.9 |
3.4 |
|
10. Other Countries |
663.4 |
5.6 |
731.6 |
5.5 |
1,448.2 |
9.4 |
1,779.8 |
9.3 |
Total |
11,869.8 |
100.0 |
13,365.5 |
100.0 |
15,438.4 |
100.0 |
19,048.9 |
100.0 |
Note: Figures may not add up to totals due to rounding. x - Less than 0.05% + - Less than RM0.05 Million