SABAH TRADE SUMMARY
JANUARY – MAY 2002
Sabah registered a trade surplus amounting to RM1,021.2 million during January-May 2002, representing an increase of RM0.5 million when compared to RM1,020.8 million for the same period last year. Higher value were registered both in terms of exports (+RM160.3 million) and imports (+RM159.9 million) during the review periods. Significant increase was noted in the exports of palm oil by RM470.9 million while crude petroleum dropped by RM321.1 million. Higher imports was registered in machinery & transport equipment and manufactured good during the review periods.
Sabah recorded export receipts amounting to RM5,568.8 million during the first five months this year as against RM5,408.5 million for the same period last year, an increase of RM160.3 million or 3.0%. Sabah’s major export commodities during the current review period were palm oil, crude petroleum, plywood, sawn timber, palm kernel oil, uncoated printing & writing paper and hot briquetted iron which together accounted for RM3,904.5 million or 70.1% of total exports.
Palm oil was the leading export commodity for Sabah with revenue amounting to RM1,784.7 million and contributed to almost one-third or 32.0% of total export earnings during the first five months of 2002 as against RM1,313.9 million of the previous period (+RM470.9million). The increased receipts was resulted from the better f.o.b export price which increased by 46.0% from RM783.9 per tonne to RM1,144.5 per tonne while the export volume plummeted from 1,676.1 thousand tonnes to 1,559.3 thousand tonnes during the review periods. The Republic of China (448.6 thousand tonnes), India (282.4 thousand tonnes), Pakistan (178.9 thousand tonnes) and the Netherlands (175.7 thousand tonnes) were the main buyers during the current review period.
Crude petroleum was the second major export revenue earner during the current review period with revenue amounting to RM1,165.2 million as against RM1,486.3 million during the review periods. This decline was due to the lower f.o.b export price from RM772.7 per tonne to RM589.9 per tonne (-RM182.8 per tonne) during the current review period. India, the Republic of Korea, Peninsular Malaysia and Indonesia together imported about 94.3% of Sabah’s crude petroleum during the current review period.
Exports receipts from Plywood declined by 12.6% from RM487.1 million to RM425.5 million during the periods under review. This was jointly resulted from the decreases in the volume exported from 446.6 thousand cubic metres to 437.6 thousand cubic metres coupled with the lower f.o.b export price by RM118.4 per cubic metre. The main importers for Sabah’s plywood during the current review period were Japan (97.7 thousand cubic metres), the U.S.A (88.2 thousand cubic metres), the Republic of Korea (68.2 thousand cubic metres) and Peninsular Malaysia (62.9 thousand cubic metres).
Sabah’s imports for the first five months of 2002 amounted to RM4,547.6 million as against RM4,387.7 million recorded for the same period last year. Machinery and transport equipment, manufactured goods and chemicals together amounted to RM2,744.0 million and accounted for 60.3% of total imports during the first five months of 2002.
Machinery and transport equipment tops the list of Sabah’s import bill with value amounting to RM1,519.2 million or 33.4% of total imports. Road vehicles (RM579.2 million), machines for particular industries (RM237.7 million), general industrial machinery and equipment, n.e.s & machine parts n.e.s (RM223.6 million) and electrical machinery & appliances n.e.s. (RM155.0 million) were the main component items imported. Peninsular Malaysia (RM983.5 million), the U.S.A (RM223.4 million), Japan (RM102.5 million) and the European Union (RM97.7 million) were the main suppliers of machinery and transport equipment to Sabah.
Imports of manufactured goods valued at RM684.3 million accounts for 15.0% of total imports during January-May 2002. Iron and steel (RM222.3 million), manufactures of metals n.e.s (RM159.8 million), non-metallic mineral manufactures (RM93.0 million) and rubber manufacture (RM76.3 million) were the main goods imported. Peninsular Malaysia alone supplies about 60.5% or RM414.0 million of total imports of manufactured goods into Sabah.
4. Direction of Trade
4.1 Sabah’s major trading partners during the first five months of 2002 were Peninsular Malaysia, ASEAN, the People’s Republic of China, India, Sarawak, Japan, the European Union, the Republic of Korea, the U.S.A and Taiwan in that order of importance.
Department of Statistics Malaysia,
(Sabah Branch), Kota Kinabalu
9 July 2002.
SABAH
Table 1- EXPORTS OF MAJOR COMMODITES
(RM MILLION)
Quantity |
Value |
||||||
Unit of |
January-May |
Changes in |
January-May |
Changes in |
|||
Major Commodities |
Quantity |
2001 |
2002 |
Quantity |
2001 |
2002 |
Value |
| 1. Palm Oil ( Crude & Processed) | Tonnes |
1,676,122 |
1,559,331 |
-116,791 |
1,313.9 |
1,784.7 |
470.9 |
| 2. Petroleum (Crude) | ‘000Tonnes |
1,924 |
1,975 |
51 |
1,486.3 |
1,165.2 |
-321.1 |
| 3. Plywood | Cu Metres |
446,570 |
437,569 |
-9,001 |
487.1 |
425.5 |
-61.6 |
| 4. Palm Kernel Oil | Tonnes |
154,203 |
168,673 |
14,470 |
155.4 |
195.2 |
39.8 |
| 5. Sawn Timber ( Incl. conifer) | ‘000 Cu Metres |
254 |
198 |
-56 |
287.7 |
213.9 |
-73.9 |
| 6. Prawns, fresh, frozen | Tonnes |
3,742 |
4,307 |
565 |
102.1 |
101.7 |
-0.4 |
|
Tonnes |
60,188 |
57,957 |
-2,231 |
140.5 |
120.0 |
-20.5 |
| 8. Hot Briquetted Iron | Tonnes |
223,484 |
270,339 |
46,855 |
87.1 |
107.4 |
20.4 |
| 9. Laminated Wood | Cu. Metres | 64,029 |
51,663 |
-12,366 |
71.3 |
51.7 |
-19.5 |
| 10. Veneer Sheets | Cu. Metres |
78,310 |
54,076 |
-24,234 |
75.8 |
50.8 |
-24.9 |
| 11. Palm Kernel Cake | Tonnes |
181,929 |
183,465 |
1,536 |
19.1 |
34.9 |
15.8 |
| 12. Cocoa Beans (Raw & Roasted) | Tonnes |
14,740 |
9,881 |
-4,859 |
49.8 |
46.0 |
-3.8 |
| 13. Moulded Woods | Cu. Metres |
15,713 |
13,731 |
-1,982 |
29.7 |
26.4 |
-3.4 |
| 14. Methanol | Tonnes |
234,528 |
164,231 |
-70,297 |
151.4 |
70.6 |
-80.7 |
| 15. Rubber | Tonnes | 8,539 |
10,395 |
1,856 |
20.0 |
23.3 |
3.3 |
| Total Selected Major Exports | 4,477.1 |
4,417.4 |
-59.7 |
||||
| Other Exports | 931.4 |
1,151.4 |
220.0 |
||||
| Total Exports | 5,408.5 |
5,568.8 |
160.3 |
||||
Notes: Figures may not add up to totals due to rounding.
SABAH
Table 2 - IMPORTS BY COMMODITY SECTIONS (RM MILLION)
(RM Million)
January-May |
||||||
S.I.T.C. Commodity Sections |
2001 |
2002 |
Changes in |
% Change Over |
||
Value |
% of total |
Value |
% of total |
Value |
Corresponding Year |
|
(1) |
(2) |
(3) |
(4) |
(5)=(3)-(1) |
(6)=(5)/(1)x100 |
|
| 0. Food | 557.7 |
12.7 |
529.4 |
11.6 |
-28.3 |
-5.1 |
| 1. Beverages & tobacco | 170.6 |
3.9 |
152.5 |
3.4 |
-18.2 |
-10.6 |
| 2. Crude materials, inedible except fuels | 155.1 |
3.5 |
131.3 |
2.9 |
-23.9 |
-15.4 |
| 3. Mineral fuels, lubricants & related materials |
678.3 |
15.5 |
435.9 |
9.6 |
-242.5 |
-35.7 |
| 4. Animal & vegetable oils & fats | 10.6 |
0.2 |
28.3 |
0.6 |
17.7 |
166.3 |
| 5. Chemicals & related products | 481.4 |
11.0 |
540.5 |
11.9 |
59.1 |
12.3 |
| 6. Manufactured goods classified chiefly by materials |
632.3 |
14.4 |
684.3 |
15.0 |
52.0 |
8.2 |
| 7. Machinery & transport equipment | 1,320.2 |
30.1 |
1,519.2 |
33.4 |
199.1 |
15.1 |
| 8. Misc. manufactured articles | 317.7 |
7.2 |
420.7 |
9.3 |
103.0 |
32.4 |
| 9. Misc. transactions & commodities | 63.7 |
1.5 |
105.6 |
2.3 |
41.9 |
65.7 |
TOTAL IMPORTS |
4,387.7 |
100.0 |
4,547.6 |
100.0 |
159.9 |
3.6 |
Note : Figures may not add up to totals due to rounding.
SABAH
TABLE 3 - DIRECTION OF TRADE
(RM MILLION)
Imports |
Exports |
|||||||
January-May |
January-May |
|||||||
Country/ |
2001 |
2002 |
2001 |
2002 |
||||
Country Groupings |
Value |
% of total |
Value |
% of total |
Value |
% of total |
Value |
% of total |
| 1. Rest of Malaysia : | ||||||||
| - Peninsular Malaysia | 2,552.3 |
58.2 |
2,640.1 |
58.1 |
792.8 |
14.7 |
850.4 |
15.3 |
| - Sarawak | 230.7 |
5.3 |
131.1 |
2.9 |
392.3 |
7.3 |
551.3 |
9.9 |
| 2. ASEAN : | ||||||||
| - Brunei Darussalam | 1.4 |
x |
0.9 |
x |
34.0 |
51.7 |
36.2 |
0.6 |
| - Cambodia | 1.5 |
x |
0.6 |
x |
0.5 |
x |
- |
- |
| - Indonesia, Rep. Of | 120.1 |
2.7 |
106.9 |
2.4 |
72.2 |
1.3 |
200.6 |
3.6 |
| - Laos, People’s Dem. Rep. of | - |
- |
- |
- |
0.2 |
x |
+ |
x |
| - Myanmar, Union of | 2.5 |
0.1 |
1.0 |
x |
1.8 |
x |
0.3 |
x |
| - Philippines | 20.1 |
0.5 |
18.2 |
0.4 |
75.5 |
1.4 |
67.1 |
1.2 |
| - Singapore, Rep. Of | 257.9 |
5.9 |
228.0 |
5.0 |
117.8 |
2.2 |
134.8 |
2.4 |
| - Thailand | 61.8 |
1.4 |
58.0 |
1.3 |
119.1 |
2.2 |
63.4 |
1.1 |
| - Vietnam, Soc. Rep. Of | 28.7 |
0.7 |
20.8 |
0.5 |
32.3 |
0.6 |
37.3 |
0.7 |
Total ASEAN |
494.0 |
11.3 |
434.4 |
9.6 |
453.3 |
8.4 |
539.7 |
9.7 |
| 3. Japan | 208.7 |
4.8 |
216.3 |
4.8 |
547.0 |
10.1 |
408.4 |
7.3 |
| 4. China, People’s Rep. Of | 124.6 |
2.8 |
164.9 |
3.6 |
316.7 |
5.9 |
647.3 |
11.6 |
| 5. Taiwan | 67.9 |
1.5 |
59.1 |
1.3 |
113.4 |
2.1 |
110.8 |
2.0 |
| 6. Korea, Rep. of | 29.6 |
0.7 |
23.8 |
0.5 |
680.2 |
12.6 |
555.8 |
10.0 |
| 7. India | 34.4 |
0.8 |
37.4 |
0.8 |
678.0 |
12.5 |
695.5 |
12.5 |
| 8. European Union | 168.7 |
3.8 |
206.4 |
4.5 |
394.4 |
7.3 |
409.9 |
7.4 |
| 9. U.S.A. | 243.0 |
5.5 |
379.0 |
8.3 |
257.8 |
4.8 |
177.6 |
3.2 |
| 10. Other Countries | 234.0 |
5.3 |
255.1 |
5.6 |
782.4 |
14.5 |
622.1 |
11.2 |
Total |
4,387.7 |
100.0 |
4,547.6 |
100.0 |
5,408.5 |
100.0 |
5,568.8 |
100.0 |
Note: Figures may not add up to totals due to rounding. x - Less than 0.05% + - Less than RM0.05 Million