SABAH TRADE SUMMARY
JANUARY – JULY 2001
Sabah continued to register a favourable balance of trade during January – July 2001 with a surplus amounting to RM1,035.5 million as against RM1,192.2 million for the same period last year, a decrease of RM156.7 million or 13.1 %. This was attributed to the higher imports (+ RM113.3 million) while the exports registered a decrease of RM43.4 million between the review periods. Higher exports receipts were collected from crude petroleum, palm oil and methanol while significant drop in the exports of sawn timber, veneer sheets & hot briquetted iron were noted.
Exports
Sabah recorded export receipts amounting to RM7,441.5 million during January- July, this year as against RM7,484.9 million for the same period last year, a decline of RM43.4 million or 0.6 %. Sabah’s major export commodities during the current review period were crude petroleum, palm oil, plywood, sawn timber, palm kernel oil, methanol and uncoated printing and writing paper which together accounted for RM5,567.6 million or 74.8% of total exports.
Crude petroleum retained its position as the leading revenue earner during the current review period, with a higher revenue amounting to RM2,045.9 million as against RM1,874.2 million during the review periods. This increase was jointly resulted from the better f.o.b export price from RM758.8 per tonne to RM773.8 per tonne (+ RM15.0 per tonne) while the volume exported rose by 174 thousand tonnes during the current review period. The Republic of Korea, India, and Peninsular Malaysia together imported about 71.3% of Sabah’s crude petroleum during the current review period.
Revenue from palm oil, Sabah’s second major export commodity amounted to RM1,869.2 million and contributed to a quarter or 25.1 % of total export earnings during the first seven months of 2001 as against RM1,804.3 million of the previous period (+RM64.9 million). The increased receipt was solely attributed to the higher volume exported by 816.3 thousand tonnes whilst the f.o.b export price plummeted by 32.4% from RM1,177.9 per tonne to RM796.0 per tonne during the review periods. India (514.2 thousand tonnes), the Republic of China (427.1 thousand tonnes), Pakistan (392.1 thousand tonnes) and the Netherlands (390.8 thousand tonnes) were the main buyers during the current review period.
Plywood registered export receipts amounting to RM664.6 million as against RM663.0 million during the periods under review. The export volume rose by 82.6 thousand cubic metres to 619.6 thousand cubic metres while its f.o.b export price was lowered by RM162.1 per cubic metre to RM1,072.6 per cubic metre. The main importers for Sabah’s plywood during the current review period were Japan (204.5 thousand cubic metres), the Republic of Korea (103.7 thousand cubic metres), the U.S.A (95.2 thousand cubic metres), and Peninsular Malaysia (74.2 thousand cubic metres).
Imports
Sabah’s imports for January-July 2001 amounted to RM6,406.0 million as against RM6,292.7 million recorded for the same period in 2000. Machinery and transport equipment, mineral fuels, lubricants & related materials and manufactured goods together amounted to RM3,871.0 million and accounted for 60.4% of total imports during the first seven months of 2001.
Machinery and transport equipment continue to top the list of Sabah’s import bill with value amounting to RM1,952.9 million or 30.5% of total imports. Road vehicles (RM704.0 million), machines for particular industries (RM295.8 million), general industrial machinery and equipment, n.e.s & machine parts n.e.s (RM271.4 million) and electrical machinery & appliances n.e.s (RM225.9 million) were the main component items imported. Peninsular Malaysia (RM1,287.3 million), the U.S.A (RM199.3 million), Japan (RM182.2 million) and the European Union (RM133.5 million) were the main suppliers of machinery and transport equipment to Sabah.
The import bill for mineral fuels, lubricants and related materials during January-July of 2001 amounted to RM959.7 million or 15.0% of total imports. Petroleum, petroleum products & related materials was the single major item which amounted to RM904.3 million. Peninsular Malaysia, Singapore and Sarawak were the major suppliers of mineral fuels, lubricants and related materials to Sabah in January-July, 2001.
Imports of manufactured goods valued at RM958.4 million accounted for 15.0% of total imports during January-July, 2001. Iron and steel (RM265.6 million), manufactures of metals n.e.s (RM220.4 million), non-metallic mineral manufactures (RM127.2 million) and rubber manufacture (RM112.6 million) were the main goods imported. Peninsular Malaysia alone supplies RM573.1 million or 60.0% of total imports of manufactured goods into Sabah.
- Direction of Trade
Sabah’s main trading partners during first seven months of 2001 were Peninsular Malaysia, ASEAN, Japan, India, the Republic of Korea, Sarawak, the European Union, the U.S.A., the People’s Republic of China and Taiwan in that order of importance.
Department of Statistics Malaysia,
(Sabah Branch), Kota Kinabalu
8 September, 2001.
SABAH
Table 1- EXPORTS OF MAJOR COMMODITES
(RM MILLION)
Quantity |
Value |
||||||
Unit of |
January-July |
Changes in |
January- July |
Changes in |
|||
Major Commodities |
Quantity |
2000 |
2001 |
Quantity |
2000 |
2001 |
Value |
| 1. Petroleum (Crude) | ‘000Tonnes |
2,470 |
2,644 |
174 |
1,874.2 |
2,045.9 |
171.7 |
| 2. Palm Oil (Crude & Processed) | Tonnes |
1,531,789 |
2,348,119 |
816,330 |
1,804.3 |
1,869.2 |
64.9 |
| 3. Plywood | Cu Metres |
537,025 |
619,634 |
82,609 |
663.0 |
664.6 |
1.6 |
| 4. Sawn Timber (Incl. conifer) | ‘000 Cu Metres |
527 |
340 |
-187 |
631.7 |
384.4 |
-247.3 |
| 5. Palm Kernel Oil | Tonnes |
142,679 |
219,414 |
76,735 |
280.2 |
219.5 |
-60.7 |
| 6. Methanol | Tonnes |
313,436 |
320,707 |
7,271 |
137.1 |
199.7 |
62.5 |
| 7. Uncoated Printing &
Writing Paper |
Tonnes |
59,292 |
80,044 |
20,752 |
156.1 |
184.3 |
28.2 |
| 8. Prawns, fresh, frozen | Tonnes |
4,639 |
4,979 |
340 |
136.3 |
136.9 |
0.6 |
| 9. Hot Briquetted Iron | Tonnes |
441,463 |
304,670 |
-136,793 |
194.5 |
119.1 |
-75.4 |
| 10. Veneer Sheets | Cu. Metres |
216,704 |
102,835 |
-113,870 |
232.3 |
99.3 |
-133.0 |
| 11. Laminated Wood | Cu. Metres |
87,609 |
86,143 |
-1,466 |
105.3 |
94.2 |
-11.2 |
| 12. Cocoa Beans (Raw & Roasted) | Tonnes |
16,514 |
22,364 |
5,850 |
50.4 |
77.0 |
26.6 |
| 13. Moulded Woods | Cu. Metres |
27,401 |
19,496 |
-7,905 |
54.7 |
36.9 |
-17.8 |
| 14. Palm Kernel Cake | Tonnes |
168,496 |
282,084 |
113,588 |
28.6 |
29.8 |
1.2 |
| 15. Rubber | Tonnes |
14,577 |
11,744 |
-2,833 |
37.4 |
27.0 |
-10.4 |
| Total Selected Major Exports | 6,386.1 |
6,187.5 |
-198.6 |
||||
| Other Exports | 1,098.8 |
1,254.0 |
155.2 |
||||
| Total Exports | 7,484.9 |
7,441.5 |
-43.4 |
||||
Notes: Figures may not add up to totals due to rounding.
SABAH
Table 2 - IMPORTS BY COMMODTY SECTIONS (RM MILLION)
(RM Million)
January – July |
||||||
SITC Commodity Section |
2000 |
2001 |
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 | 738.8 |
11.7 |
792.2 |
12.4 |
53.4 |
7.2 |
| 1. Beverages & tobacco | 235.2 |
3.7 |
233.5 |
3.6 |
-1.7 |
-0.7 |
| 2. Crude materials, inedible except fuels | 260.6 |
4.1 |
226.3 |
3.5 |
-34.4 |
-13.2 |
| 3. Mineral fuels, lubricants & related materials |
993.9 |
15.8 |
959.7 |
15.0 |
-34.2 |
-3.4 |
| 4. Animal & vegetable oils & fats | 9.9 |
0.2 |
14.9 |
0.2 |
5.0 |
51.0 |
| 5. Chemicals & related products | 704.3 |
11.2 |
689.5 |
10.8 |
-14.8 |
-2.1 |
| 6. Manufactured goods classified chiefly by materials |
863.2 |
13.7 |
958.4 |
15.0 |
95.2 |
11.0 |
| 7. Machinery & transport equipment | 1,948.1 |
31.0 |
1,952.9 |
30.5 |
4.8 |
0.2 |
| 8. Misc. manufactured articles | 453.1 |
7.2 |
476.5 |
7.4 |
23.4 |
5.2 |
| 9. Misc. transactions & commodities | 85.5 |
1.4 |
102.1 |
1.6 |
16.7 |
19.5 |
TOTAL IMPORTS |
6,292.7 |
100.0 |
6,406.0 |
100.0 |
113.3 |
1.8 |
Note : Figures may not add up to totals due to rounding.
SABAH
TABLE 3 - DIRECTION OF TRADE
(RM MILLION)
Imports |
Exports |
|||||||
January – July |
January – July |
|||||||
Country/ |
2000 |
2001 |
2000 |
2001 |
||||
Country Groupings |
Value |
% of total |
Value |
% of total |
Value |
% of total |
Value |
% of total |
| 1. Rest of Malaysia : | ||||||||
| - Peninsular Malaysia | 3,341.8 |
53.1 |
3,680.6 |
57.5 |
1,343.2 |
17.9 |
1,158.1 |
15.6 |
| - Sarawak | 370.0 |
5.9 |
362.6 |
5.7 |
252.3 |
3.4 |
508.9 |
6.8 |
| 2. ASEAN : | ||||||||
| - Brunei Darussalam | 0.7 |
x |
1.4 |
x |
30.2 |
0.4 |
44.8 |
0.6 |
| - Cambodia | + |
x |
3.7 |
x |
0.2 |
x |
0.5 |
x |
| - Indonesia, Rep. Of | 140.4 |
2.2 |
165.8 |
2.6 |
160.4 |
2.1 |
107.6 |
1.4 |
| - Lao, People’s Dem. Rep. of | - |
- |
- |
- |
+ |
x |
0.2 |
x |
| - Myanmar, Union of | 0.6 |
x |
2.9 |
x |
7.8 |
x |
1.8 |
x |
| - Philippines | 56.8 |
0.9 |
28.0 |
0.4 |
119.5 |
1.6 |
110.4 |
1.5 |
| - Singapore, Rep. of | 422.4 |
6.7 |
395.7 |
6.2 |
155.7 |
2.1 |
160.1 |
2.2 |
| - Thailand | 54.8 |
0.9 |
80.9 |
1.3 |
478.5 |
6.4 |
135.8 |
1.8 |
| - Vietnam, Soc. Rep. Of | 28.3 |
0.5 |
46.3 |
0.7 |
29.7 |
0.4 |
56.8 |
0.8 |
Total ASEAN |
704.0 |
11.2 |
724.6 |
11.3 |
982.0 |
13.1 |
618.0 |
8.3 |
| 3. Japan | 324.0 |
5.1 |
329.2 |
5.1 |
791.0 |
10.6 |
691.9 |
9.3 |
| 4. China, People’s Rep. of | 199.9 |
3.2 |
168.7 |
2.6 |
542.8 |
7.3 |
456.0 |
6.1 |
| 5. Taiwan | 117.6 |
1.9 |
97.1 |
1.5 |
209.3 |
2.8 |
156.1 |
2.1 |
| 6. Korea, Rep. of | 49.6 |
0.8 |
41.2 |
0.6 |
620.2 |
8.3 |
908.6 |
12.2 |
| 7. India | 38.7 |
0.6 |
50.0 |
0.8 |
907.7 |
12.1 |
918.1 |
12.3 |
| 8. European Union | 328.6 |
5.2 |
240.8 |
3.8 |
478.7 |
6.4 |
569.1 |
7.6 |
| 9. U.S.A. | 392.8 |
6.2 |
358.1 |
5.6 |
187.4 |
2.5 |
319.9 |
4.3 |
| 10. Other Countries | 425.4 |
6.8 |
353.1 |
5.5 |
1,170.4 |
15.6 |
1,136.7 |
15.3 |
Total |
6,292.4 |
100.0 |
6,406.0 |
100.0 |
7,484.9 |
100.0 |
7,441.5 |
100.0 |
Note: Figures may not add up to totals due to rounding. X – Less than 0.05% + - Less than RM0.05 Million