SABAH TRADE SUMMARY
JANUARY - MARCH 2001
1. Balance of Trade
Sabah’s balance of trade for the first quarter of 2001 amounted to a surplus of RM744.5 million, an increase of RM73.9 million or 11.0% over the RM670.6 million recorded for the same period in 2000. Both imports and exports registered increases amounting to RM47.2 million and RM121.1 million respectively between the review periods.
2. Exports
Exports for the first quarter of 2001 amounted to RM3,318.1 million as compared to the RM3,197.0 million for the corresponding period last year mainly from the higher receipts from crude petroleum (+ RM85.2 million), palm oil (+ RM45.2 million) and methanol (+ RM44.0 million) which was partially offset by lower receipts from exports of sawn timber (- RM85.6 million). Sabah’s major export commodities were crude petroleum, palm oil, plywood, sawn timber, palm kernel oil, methanol, uncoated printing and writing paper and fresh and frozen prawns which together accounted for RM2,487.3 million or 75.0% of total exports.
Crude petroleum, the leading major export commodity for January - March, 2001 registered a 10.7% increase form RM794.8 million to RM880.0 million during the two review periods. This increase was attributed to the substantial increase in the f.o.b export price from RM723.8 per tonne to RM777.8 per tonne coupled with the higher export volume from 1,098 thousand tonnes to 1,132 thousand tonnes. The Republic of Korea, India, the U.S.A and Australia together imported about 76.6% of Sabah’s crude petroleum during the current review period.
Export receipts from palm oil amounted to RM835.5 million for January - March, 2001 as against RM790.4 million (+ RM45.2 million). Export volume increased from 651.6 thousand tonnes to 1,086.6 thousand tonnes (+ 435.0 thousand tonnes ) while the f.o.b export price dropped from RM1,213.0 per tonne to RM769.0 per tonne ( - RM444.0 per tonne). The main buyers of Sabah’s palm oil during the current review period were India (318.4 thousand tonnes), the Netherlands (198.6 thousand tonnes), Pakistan (173.1 thousand tonnes) and the People’s Republic of China (148.9 thousand tonnes).
The export of plywood registered a drop of RM18.6 million or 6.4% to RM274.0 million during January - March, 2001 as compared to RM292.6 million for the same period in 2000. The export volume lowered by 11.7 thousand cubic metres from 235.4 thousand cubic meters to 247.1 thousand cubic metres while the f.o.b export price declined from RM1,242.9 per cubic metre to RM1,108.9 per cubic metre (-RM134.0 per cubic metre). Japan (94.9 thousand cubic metres), the Republic of Korea (36.6 thousand cubic metres), the U.S.A. (34.1 thousand cubic metres) and Peninsular Malaysia (33.1 thousand cubic metres) were the main markets for Sabah’s plywood in January- March, 2001.
3. Imports
Sabah’s imports for the first quarter of 2001 amounted to RM2,573.6 million as against RM2,526.4 million recorded for the same month in 2000, a drop of RM47.2 million or 1.9%. Machinery and transport equipment, mineral fuels, lubricants & related materials and manufactured goods together amounted to RM1,536.1 million and accounted for 59.7% of total imports during the first quarter of 2001.
Machinery and transport equipment top the list of Sabah’s import bill with value amounting to RM760.1 million or 29.5% of total imports. Road vehicles (RM259.8 million), machines for particular industries (RM111.4 million), general industrial machinery and equipment, n.e.s. & machine parts n.e.s. (RM96.4 million) and electrical machinery & appliances n.e.s. (RM91.0 million) were the main component items imported. Peninsular Malaysia (RM495.9 million), the European Union (RM51.8 million), the U.S.A (RM70.8 million) and Japan (RM78.4 million) were the main suppliers of machinery and transport equipment to Sabah.
The import bill for mineral fuels, lubricants and related materials during the first quarter of 2001 amounted to RM429.8 million or 16.7% of total imports. Petroleum, petroleum products & related materials (RM400.7 million) were the major items imported. Sabah imported RM419.0 million or 97.5% of total mineral fuels, lubricants and related materials from Peninsular Malaysia, Sarawak and Singapore in January - March, 2001.
The imports of manufactured goods valued at RM346.2 million accounts for 13.5% of total imports during January – March, 2001. Iron and steel (RM88.0 million), manufactures of metals n.e.s (Rm78.2 million), non-metallic mineral manufactures (RM47.4 milion) and rubber manufactures (RM45.0 million) were the main goods imported. Peninsular Malaysia alone supplies RM221.8 million or 64.1% of total imports of manufactured goods into Sabah.
- Direction of Trade
Department of Statistics Malaysia,Sabah’s main trading partners during January - March, 2001 were Peninsular Malaysia, ASEAN, the Republic of Korea, Sarawak, Japan, India, the European Union, the U.S.A., the People’s Republic of China, and Taiwan in that order of importance.
(Sabah Branch), Kota Kinabalu
SABAH
Table 1- EXPORTS OF MAJOR COMMODITES
(RM MILLION)
Quantity |
Value |
||||||
Unit of |
January-March |
Changes in |
January-March |
Changes in |
|||
Major Commodities |
Quantity |
2000 |
2001 |
Quantity |
2000 |
2001 |
Value |
| 1. Palm Oil (Crude & Processed) | Tonnes |
651,592 |
1,086,570 |
434,978 |
790.4 |
835.5 |
45.2 |
| 2. Petroleum (Crude) | ‘000 Tonnes |
1,098 |
1,132 |
34 |
794.8 |
880.0 |
85.2 |
| 3. Plywood | Cu Metres |
235,410 |
247,089 |
11,679 |
292.6 |
274.0 |
-18.6 |
| 4. Sawn Timber (Incl. conifer) | ‘000 Cu Metres |
207 |
146 |
-61 |
252.6 |
167.1 |
-85.6 |
| 5. Palm Kernel Oil | Tonnes |
66,659 |
92,556 |
25,897 |
141.8 |
96.8 |
-45.1 |
| 6. Methanol | Tonnes |
129,384 |
136,436 |
7,052 |
46.0 |
90.0 |
44.0 |
| 7. Hot Briquetted Iron | Tonnes |
144,403 |
134,129 |
-10,274 |
65.0 |
52.8 |
-12.2 |
| 8. Prawns, fresh, frozen | Tonnes |
1,825 |
2,213 |
388 |
54.0 |
58.5 |
4.5 |
| 9. Veneer Sheets | Cu. Metres |
78,592 |
48,511 |
-30,081 |
85.0 |
47.0 |
-38.0 |
| 10.Laminated Wood | Cu. Metres |
37,882 |
40,658 |
2,776 |
45.5 |
44.7 |
-0.8 |
|
Tonnes |
28,611 |
35,797 |
7,186 |
71.4 |
85.4 |
14.0 |
| 12.Cocoa Beans (Raw & Roasted) | Tonnes |
6,693 |
7,517 |
824 |
19.9 |
24.4 |
4.5 |
| 13.Moulded Woods | Cu. Metres |
11,494 |
9,834 |
-1,660 |
22.3 |
19.2 |
-3.0 |
| 14.Palm Kernel Cake | Tonnes |
66,850 |
108,937 |
42,087 |
12.6 |
11.7 |
-0.9 |
| 15.Rubber | Tonnes |
4,890 |
4,456 |
-434 |
13.5 |
10.7 |
-2.8 |
| Total Selected Major Exports | 2,707.5 |
2,697.9 |
-9.6 |
||||
| Other Exports | 489.5 |
620.2 |
130.7 |
||||
| Total Exports | 3,197.0 |
3,318.1 |
121.1 |
||||
Notes: Figures may not add up to totals due to rounding.
SABAH
Table 2 - IMPORTS BY COMMODTY SECTIONS (RM MILLION)
January – March |
||||||
S.I.T.C 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 |
297.4 |
11.8 |
337.0 |
13.1 |
39.6 |
13.3 |
|
|
97.1 |
3.8 |
108.7 |
4.2 |
11.5 |
11.9 |
|
116.5 |
4.6 |
82.5 |
3.2 |
-34.1 |
-29.2 |
|
419.6 |
16.6 |
429.8 |
16.7 |
10.1 |
2.4 |
|
4.4 |
0.2 |
3.5 |
0.1 |
-0.9 |
-20.7 |
|
268.9 |
10.6 |
299.0 |
11.6 |
30.0 |
11.2 |
|
321.5 |
12.7 |
346.2 |
13.5 |
24.7 |
7.7 |
|
796.3 |
31.5 |
760.1 |
29.5 |
-36.2 |
-4.5 |
|
172.1 |
6.8 |
172.8 |
6.7 |
0.7 |
0.4 |
|
32.6 |
1.3 |
34.2 |
1.3 |
1.7 |
5.1 |
TOTAL IMPORTS |
2,526.4 |
100.0 |
2,573.6 |
100.0 |
47.2 |
1.9 |
Note : Figures may not add up to totals due to rounding.
SABAH
TABLE 3 - DIRECTION OF TRADE
(RM MILLION)
Imports |
Exports |
|||||||
January - March |
January - March |
|||||||
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 | 1,294.8 |
51.2 |
1,458.2 |
56.7 |
533.8 |
16.7 |
420.1 |
12.7 |
| - Sarawak | 161.8 |
6.4 |
149.2 |
5.8 |
129.1 |
4.0 |
296.2 |
8.9 |
| 2. ASEAN : | ||||||||
| - Brunei Darussalam | 0.2 |
X |
1.2 |
X |
12.6 |
0.4 |
21.5 |
0.6 |
| - Cambodia | + |
X |
0.7 |
X |
+ |
X |
0.5 |
X |
| - Indonesia, Rep. Of | 49.2 |
1.9 |
72.0 |
2.8 |
32.3 |
1.0 |
44.2 |
1.3 |
| - Lao, People’s Dem. Rep. of | - |
- |
- |
- |
+ |
X |
0.1 |
X |
| - Myanmar, Union of | 0.1 |
X |
0.1 |
X |
0.5 |
X |
1.5 |
0.0 |
| - Philippines | 22.1 |
0.9 |
13.0 |
0.5 |
49.0 |
1.5 |
46.4 |
1.4 |
| - Singapore, Rep. of | 185.3 |
7.3 |
172.8 |
6.7 |
58.1 |
1.8 |
70.5 |
2.1 |
| - Thailand | 20.7 |
0.8 |
39.5 |
1.5 |
154.9 |
4.8 |
88.9 |
2.7 |
| - Vietnam, Soc. Rep. Of | 16.9 |
0.7 |
13.9 |
0.5 |
21.4 |
0.7 |
18.2 |
0.5 |
Total ASEAN |
294.5 |
11.7 |
313.3 |
12.2 |
328.7 |
10.3 |
291.7 |
8.8 |
| 3. Japan | 118.9 |
4.7 |
127.8 |
5.0 |
343.4 |
10.7 |
293.5 |
8.8 |
| 4. China, People’s Rep. of | 79.6 |
3.1 |
83.8 |
3.3 |
214.7 |
6.7 |
158.3 |
4.8 |
| 5. Taiwan | 38.0 |
1.5 |
43.5 |
1.7 |
94.9 |
3.0 |
73.1 |
2.2 |
| 6. Korea, Rep. of | 20.3 |
0.8 |
22.0 |
0.9 |
258.5 |
8.1 |
499.4 |
15.1 |
| 7. India | 19.5 |
0.8 |
20.8 |
0.8 |
483.3 |
15.1 |
381.7 |
11.5 |
| 8. European Union | 153.2 |
6.1 |
104.9 |
4.1 |
200.3 |
6.3 |
279.8 |
8.4 |
| 9. U.S.A. | 138.0 |
5.5 |
129.4 |
5.0 |
85.6 |
2.7 |
187.6 |
5.7 |
| 10. Other Countries | 207.9 |
8.2 |
120.6 |
4.7 |
524.6 |
16.4 |
436.7 |
13.2 |
Total |
2,526.4 |
100.0 |
2,573.6 |
100.0 |
3,197.0 |
100.0 |
3,318.1 |
100.0 |
Note: Figures may not add up to totals due to rounding. X – Less than 0.05% + - Less than RM0.05 Million