SABAH
TRADE SUMMARY
JANUARY – AUGUST 2003
1. Balance of Trade
1.1 Sabah continued to enjoy a favourable trade balance with a surplus amounting to RM3,469.3 million during the first eight months of 2003 as compared to RM2,002.2 million during the corresponding period last year, an increase of RM1,467.1 million or 73.3%. This was resulted from the substantial increase in exports of RM2,347.8 million vis-à-vis the lower increase in imports by RM880.8 million between the review periods. Significant increases were recorded in the exports of palm oil and crude petroleum.
2. Exports
2.1 Export revenue valued at RM11,967.9 million during the first eight months of 2003 as compared to RM9,620.0 million for the corresponding period last year. The major export commodities during the current review period were palm oil, crude petroleum, plywood, palm kernel oil, sawn timber, methanol, hot briquette iron and uncoated printing & writing paper which together amounted to RM9,409.1 million or 78.6% of total exports.
2.2 Palm oil retained its position as Sabah’s leading major export commodity with revenue valued at RM4,332.0 million and contributed to more than one-third (36.2% or RM1,170.8 million) of the state’s total export earnings during the current review period. The higher receipt was jointly attributable to the better f.o.b. export price which escalated from RM1,233.1 per tonne to RM1,544.5 per tonne coupled with the 9.4% increase in export volume from 2,563.7 thousand tonnes to 2,804.8 thousand tonnes. The People’s Republic of China (1,157.1 thousand tonnes), the Netherlands (463.8 thousand tonnes), India (327.7 thousand tonnes) and Pakistan (244.1 thousand tonnes) were the main buyers during the current review period.
2.3 Crude petroleum was the second important revenue earner recorded a 29.7% increase in receipt (+ RM623.4 million) from RM2,095.9 million to RM2,719.3 million during the two review periods. This increase was creditable to the increased f.o.b. export price from RM635.0 per tonne to RM816.5 per tonne. (+RM181.5 per tonne). The quantity exported stood at 3,330 thousand tonnes. India, the Republic of Indonesia and Peninsular Malaysia together acquired 82.5% of Sabah’s crude petroleum.
2.4 Revenue from plywood amounted to RM759.5 million as against RM740.3 million during the periods under review, an increase of RM19.3 million or 2.6%. The f.o.b export price rose from RM1,034.7 per cubic metre to RM1,051.8 per cubic metre while the volume exported rose by a marginal 0.9% to 722.1 thousand cubic metres. The main importers for Sabah’s plywood during the first eight months of 2003 were Japan (169.6 thousand cubic metres), the U.S.A (137.3 thousand cubic metres), the Republic of Korea (115.9 thousand cubic metres) and Peninsular Malaysia (102.2 thousand cubic metres).
3. Imports
3.1 Sabah imports rose from RM7,617.9 million to RM8,498.6 million during the periods under comparison, an increase of RM880.8 million or 11.6% resulting from the increased imports on machinery & transport equipment (+ RM472.1 million), chemicals & related products (+ RM124.9 million) and food (+RM93.2 million).
3.2 Machinery and transport equipment, tops the list of import items, valued at RM2,957.1 million or 34.8% of total imports. Road vehicles (RM1,153.9 million), general industrial machinery and equipment, n.e.s. and machine parts n.e.s. (RM482.7 million), machines for particular industries (RM402.2 million) and electrical machinery, apparatus & appliances, n.e.s. (RM266.8 million) were the main component items imported.
3.3 Imports of manufactured goods amounted to RM1,146.5 million or13.5% of total imports during the current review period. Iron and steel (RM368.3 million), manufactures of metal n.e.s. (RM234.2 million), non-metallic mineral manufactures (RM171.5 million) and rubber manufactures (RM130.9 million) were the main constituent items imported.
3.4 Sabah’s import bill on chemicals & related products amounted to RM1,027.5 million during the current review period which accounted for 12.1% of total imports. Manufactured fertilizers (RM350.8 million), chemicals & related products (RM147.6 million) and essential oils, resinoids & perfume materials, etc (RM142.6 million) were the major component item imported.
4. Direction of Trade
Sabah’s major trading partners during January-August 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
October 9, 2003.
SABAH
(RM MILLION)
|
|
|
Quantity |
Value |
||||
|
|
Unit of |
January-August |
Changes in |
January-August |
Changes in |
||
|
Major Commodities |
Quantity |
2002 |
2003 |
Quantity |
2002 |
2003 |
Value |
|
1. Palm Oil ( Crude & Processed) |
Tonnes |
2,563,689 |
2,804,825 |
241,136 |
3,161.2 |
4,332.0 |
1,170.8 |
|
2. Petroleum (Crude) |
‘000 Tonnes |
3,301 |
3,330 |
29 |
2,095.9 |
2,719.3 |
623.4 |
|
3. Plywood |
Cu. Metres |
715,450 |
722,131 |
6,681 |
740.3 |
759.5 |
19.3 |
|
4. Palm Kernel Oil |
Tonnes |
267,913 |
283,779 |
15,866 |
331.3 |
445.5 |
114.2 |
|
5. Sawn Timber ( Incl. conifer) |
‘000 Cu. Metres |
319 |
326 |
7 |
348.8 |
365.7 |
16.8 |
|
6. Methanol |
Tonnes |
311,463 |
409,791 |
98,328 |
149.7 |
319.6 |
170.0 |
|
7. Hot Briquetted Iron |
Tonnes |
500,619 |
572,045 |
71,426 |
208.9 |
302.1 |
108.4 |
|
8. Uncoated Printing & Writing Paper |
Tonnes |
98,837 |
71,279 |
-27,558 |
207.8 |
165.4 |
-42.4 |
|
9. Prawns, fresh, frozen |
Tonnes |
6,136 |
5,558 |
-578 |
143.8 |
128.4 |
-15.4 |
|
10. Veneer Sheets |
Cu. Metres |
89,250 |
106,617 |
17,367 |
88.2 |
107.7 |
19.5 |
|
11.Cocoa Beans ( Raw & Roasted) |
Tonnes |
17,251 |
14,221 |
-3,030 |
82.7 |
91.7 |
9.1 |
|
12. Laminated Wood |
Cu. Metres |
80,987 |
77,427 |
-3,560 |
81.2 |
87.0 |
5.8 |
|
13. Rubber |
Tonnes |
18,113 |
22,610 |
4,497 |
45.0 |
72.7 |
27.7 |
|
14. Palm Kernel Cake |
Tonnes |
319,972 |
323,416 |
3,444 |
61.0 |
55.4 |
-5.6 |
|
15. Moulded Woods |
Cu. Metres |
20,830 |
15,324 |
-5,506 |
38.2 |
26.9 |
-11.3 |
|
Total Selected Major Exports |
|
|
|
|
7,783.7 |
9,978.9 |
2,195.1 |
|
Other Exports |
|
|
|
|
1,836.3 |
1,989.0 |
152.7 |
|
Total Exports |
|
|
|
|
9,620.0 |
11,967.9 |
2,347.8 |
Notes: Figures may not add up to totals due to rounding.
Table 2 - IMPORTS BY COMMODITY SECTIONS (RM MILLION)
(RM Million)
|
|
January-August |
|
|
|||
|
S.I.T.C. Commodity Sections |
2002 |
2003 |
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 |
883.8 |
11.6 |
977.1 |
11.5 |
93.2 |
10.5 |
|
1. Beverages & tobacco |
261.7 |
3.4 |
304.2 |
3.6 |
42.5 |
16.2 |
|
2. Crude materials, inedible except fuels |
259.0 |
3.4 |
288.9 |
3.4 |
29.9 |
11.5 |
|
3. Mineral fuels, lubricants & related materials |
843.8 |
11.1 |
886.8 |
10.4 |
43.0 |
5.1 |
|
4. Animal & vegetable oils & fats |
44.6 |
0.6 |
56.2 |
0.7 |
11.6 |
25.9 |
|
5. Chemicals & related products |
902.6 |
11.8 |
1,027.5 |
12.1 |
124.9 |
13.8 |
|
6. Manufactured goods classified chiefly by materials |
1,074.9 |
14.1 |
1,146.5 |
13.5 |
71.7 |
6.7 |
|
7. Machinery & transport equipment |
2,485.0 |
32.6 |
2,957.1 |
34.8 |
472.1 |
19.0 |
|
8. Misc. manufactured articles |
683.7 |
9.0 |
680.2 |
8.0 |
-3.4 |
-0.5 |
|
9. Misc. transactions & commodities |
178.7 |
2.3 |
174.1 |
2.0 |
-4.6 |
-2.6 |
|
TOTAL IMPORTS |
7,617.9 |
100.0 |
8,498.6 |
100.0 |
880.8 |
11.6 |
Note : Figures may not add up to totals due to rounding.
SABAH
TABLE 3 - DIRECTION OF TRADE
(RM MILLION)
|
|
Imports |
Exports |
||||||
|
|
January-August |
January-August |
||||||
|
Country/ |
2002 |
2003 |
2002 |
2003 |
||||
|
Country Groupings |
Value |
% of total |
Value |
% of total |
Value |
% of total |
Value |
% of total |
|
1. Rest of Malaysia : |
|
|
|
|
|
|
|
|
|
- Peninsular Malaysia |
4,407.3 |
57.9 |
4,807.9 |
56.6 |
1,557.9 |
16.2 |
1,693.1 |
14.1 |
|
- Sarawak |
222.3 |
2.9 |
158.7 |
1.9 |
759.7 |
7.9 |
594.4 |
5.0 |
|
|
|
|
|
|
|
|
|
|
|
2. ASEAN : |
|
|
|
|
|
|
|
|
|
- Brunei Darussalam |
1.0 |
x |
3.6 |
x |
76.9 |
0.8 |
103.6 |
0.9 |
|
- Cambodia |
1.3 |
x |
4.6 |
0.1 |
- |
- |
0.2 |
x |
|
- Indonesia, Rep. Of |
181.5 |
2.4 |
221.8 |
2.6 |
413.1 |
4.3 |
720.7 |
6.0 |
|
- Laos, People’s Dem. Rep. of |
- |
- |
+ |
x |
5.3 |
0.1 |
- |
- |
|
- Myanmar, Union of |
3.8 |
x |
10.1 |
0.1 |
0.5 |
x |
2.8 |
x |
|
- Philippines |
43.3 |
0.6 |
59.7 |
0.7 |
105.0 |
1.1 |
88.6 |
0.7 |
|
- Singapore, Rep. Of |
441.2 |
5.8 |
520.8 |
6.1 |
227.6 |
2.4 |
228.3 |
1.9 |
|
- Thailand |
101.4 |
1.3 |
99.0 |
1.2 |
102.7 |
1.1 |
167.3 |
1.4 |
|
- Vietnam, Soc. Rep. Of |
37.2 |
0.5 |
44.7 |
0.5 |
58.9 |
0.6 |
52.0 |
0.4 |
Total ASEAN |
810.7 |
10.6 |
964.3 |
11.3 |
990.0 |
10.3 |
1,363.5 |
11.4 |
|
|
|
|
|
|
|
|
|
|
|
3. Japan |
338.9 |
4.4 |
393.6 |
4.6 |
678.2 |
7.0 |
680.7 |
5.7 |
|
4. China, People’s Rep. Of |
271.0 |
3.6 |
383.7 |
4.5 |
1,310.0 |
13.6 |
2,158.6 |
18.0 |
|
5. Taiwan |
105.6 |
1.4 |
109.2 |
1.3 |
202.2 |
2.1 |
260.2 |
2.2 |
|
6. Korea, Rep. of |
41.2 |
0.5 |
72.6 |
0.9 |
864.7 |
9.0 |
517.5 |
4.3 |
|
7. India |
52.5 |
0.7 |
46.7 |
0.5 |
1,208.5 |
12.6 |
1,860.8 |
15.5 |
|
8. European Union |
343.4 |
4.5 |
331.3 |
3.9 |
812.1 |
8.4 |
1,184.5 |
9.9 |
|
9. U.S.A. |
587.5 |
7.7 |
725.4 |
8.5 |
322.0 |
3.3 |
408.2 |
3.4 |
|
10. Other Countries |
437.5 |
5.7 |
505.3 |
5.9 |
914.9 |
9.5 |
1,246.4 |
10.4 |
Total |
7,617.9 |
100.0 |
8,498.6 |
100.0 |
9,620.0 |
100.0 |
11,967.9 |
100.0 |
Note: Figures may not add up to totals due to rounding. x - Less than 0.05% + - Less than RM0.05 Million