SABAH
TRADE SUMMARY
JANUARY – JULY 2003
1. Balance of Trade
1.1 Sabah continued to enjoy a favorable trade balance with a surplus amounting to RM2,984.8 million during January to July 2003 as compared to RM1,732.5 million during the corresponding period last year, an increase of RM1,252.3 million or 72.3%. This was resulted from the substantial increase in exports of RM2,076.4 million vis-à-vis the lower increase in imports by RM824.1 million between the review periods. Significant increases were recorded in the exports of palm oil and crude petroleum.
2. Exports
2.1 Sabah registered an export revenue valued at RM10,377.0 million during the first seven months of 2003 as compared to RM8,300.7 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 RM8,092.6 million or 78.0% of total exports.
2.2 Palm oil was Sabah’s leading major export commodity with revenue valued at RM3,720.0 million and contributed to more than one-third (35.8%) of the state’s total export earnings during the current review period with an increase of RM984.5 million from RM2,735.4 million of the previous period. The higher receipt was jointly attributable to the better f.o.b. export price which escalated from RM1,203.7 per tonne to RM1,551.3 per tonne coupled with the 5.5% increase in export volume from 2,272.5 thousand tonnes to 2,397.9 thousand tonnes. The People’s Republic of China (969.1 thousand tonnes), the Netherlands (399.3 thousand tonnes), India (277.7 thousand tonnes) and Pakistan (206.7 thousand tonnes) were the main buyers during the current review period.
2.3 Crude petroleum was the second important revenue earner recorded a higher receipt of RM2,336.6 million as against RM1,759.8 million during the two review periods. This increase was creditable to the increased f.o.b export price from RM621.0 per tonne to RM823.1 per tonne. (+ RM202.1 per tonne). The quantity exported stood at 2,839 thousand tonnes. India, the Republic of Indonesia and Peninsular Malaysia together acquired 81.5% of Sabah’s crude petroleum.
2.4 Plywood generated revenue valued RM661.1 million as against RM644.4 million during the periods under review, an increase of RM16.6 million or 2.6%. The f.o.b export price rose by RM49.9 per cubic metre to RM1,062.5 per cubic metre but the volume exported on the other hand, declined by 2.2% to 622.2 thousand cubic metres. The main importers for Sabah’s plywood during the first seven months of 2003 were Japan (146.9 thousand cubic metres), the U.S.A (123.4 thousand cubic metres), Peninsular Malaysia (91.5 thousand cubic metres) and the Republic of Korea (91.3 thousand cubic metres).
3. Imports
3.1 Sabah’s imports rose from RM6,568.1 million to RM7,392.2 million during the periods under comparison, an increase of RM824.1 million or 12.5% resulting from the increased imports on machinery & transport equipment (+ RM391.0 million), mineral fuels, lubricants & related materials (+ RM110.8 million) and chemicals & related products (+ RM105.9 million).
3.2 Machinery and transport equipment, tops the list of import items, valued at RM2,549.8 million or 34.5% of total imports. Road vehicles (RM978.7 million), general industrial machinery and equipment, n.e.s. and machine parts n.e.s. (RM390.7 million), machines for particular industries (RM353.7 million) and electrical machinery, apparatus and appliances, n.e.s. (RM236.7 million) were the main component items imported.
3.3 Imports of manufactured goods amounted to RM1,011.0 million or 13.7% of total imports during the current review period. Iron and steel (RM332.0 million), manufactures of metals n.e.s (RM203.6 million), non-metallic mineral manufactures (RM145.2 million) and rubber manufactures (RM116.3 million) were the main constituent items imported.
3.4 Sabah import bill on chemicals & related products amounted to RM883.4 million during the current review period which accounted for 12.0% of total imports. Manufactured fertilizers (RM286.6 million), chemicals & related products (RM128.8 million) and essential oils, resinoids & perfume materials, etc (RM127.0 million) were the major component item imported.
4. Direction of Trade
Sabah’s major trading partners during January-July 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
September 9, 2003.
SABAH
(RM MILLION)
|
|
|
Quantity |
Value |
||||
|
|
Unit of |
January-July |
Changes in |
January-July |
Changes in |
||
|
Major Commodities |
Quantity |
2002 |
2003 |
Quantity |
2002 |
2003 |
Value |
|
1. Palm Oil ( Crude & Processed) |
Tonnes |
2,272,461 |
2,397,927 |
125,466 |
2,735.4 |
3,720.0 |
984.5 |
|
2. Petroleum (Crude) |
‘000Tonnes |
2,834 |
2,839 |
5 |
1,759.8 |
2,336.6 |
576.8 |
|
3. Plywood |
Cu. Metres |
636,426 |
622,191 |
-14,235 |
644.4 |
661.1 |
16.6 |
|
4. Palm Kernel Oil |
Tonnes |
243,719 |
244,539 |
820 |
298.7 |
388.1 |
89.4 |
|
5. Sawn Timber ( Incl. conifer) |
‘000 Cu. Metres |
282 |
284 |
2 |
307.0 |
317.5 |
10.5 |
|
6. Methanol |
Tonnes |
263,373 |
338,479 |
75,106 |
122.7 |
266.5 |
143.8 |
|
7. Hot Briquetted Iron |
Tonnes |
418,585 |
502,888 |
84,303 |
171.8 |
262.9 |
108.4 |
|
8. Uncoated Printing & Writing Paper |
Tonnes |
85,506 |
60,452 |
-25,054 |
178.8 |
139.9 |
-38.9 |
|
9. Prawns, fresh, frozen |
Tonnes |
5,609 |
5,023 |
-586 |
131.8 |
115.7 |
-16.0 |
|
10. Veneer Sheets |
Cu. Metres |
77,124 |
92,035 |
14,911 |
74.5 |
93.4 |
18.9 |
|
11. Cocoa Beans (Raw & Roasted) |
Tonnes |
15,976 |
13,730 |
-2,246 |
76.5 |
88.8 |
12.3 |
|
12. Laminated Wood |
Cu. Metres |
73,955 |
68,238 |
-5,717 |
74.3 |
76.8 |
2.6 |
|
13. Rubber |
Tonnes |
15,205 |
20,417 |
5,212 |
36.4 |
65.5 |
29.0 |
|
14. Palm Kernel Cake |
Tonnes |
269,888 |
296,062 |
26,174 |
51.9 |
50.8 |
-1.1 |
|
15. Moulded Woods |
Cu. Metres |
18,438 |
13,375 |
-5,063 |
34.3 |
23.6 |
-10.7 |
|
Total Selected Major Exports |
|
|
|
|
6,698.3 |
8,607.2 |
1,908.9 |
|
Other Exports |
|
|
|
|
1,602.3 |
1,769.9 |
167.5 |
|
Total Exports |
|
|
|
|
8,300.7 |
10,377.0 |
2,076.4 |
Notes: Figures may not add up to totals due to rounding.
Table 2 - IMPORTS BY COMMODITY SECTIONS (RM MILLION)
(RM Million)
|
|
January-July |
|
|
|||
|
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 |
766.6 |
11.7 |
870.6 |
11.8 |
104.0 |
13.6 |
|
1. Beverages & tobacco |
222.2 |
3.4 |
264.4 |
3.6 |
42.2 |
19.0 |
|
2. Crude materials, inedible except fuels |
236.4 |
3.6 |
250.4 |
3.4 |
14.1 |
6.0 |
|
3. Mineral fuels, lubricants & related materials |
653.0 |
9.9 |
763.8 |
10.3 |
110.8 |
17.0 |
|
4. Animal & vegetable oils & fats |
43.3 |
0.7 |
51.8 |
0.7 |
8.5 |
19.5 |
|
5. Chemicals & related products |
777.5 |
11.8 |
883.4 |
12.0 |
105.9 |
13.6 |
|
6. Manufactured goods classified chiefly by materials |
960.0 |
14.6 |
1,011.0 |
13.7 |
51.0 |
5.3 |
|
7. Machinery & transport equipment |
2,158.8 |
32.9 |
2,549.8 |
34.5 |
391.0 |
18.1 |
|
8. Misc. manufactured articles |
595.9 |
9.1 |
593.7 |
8.0 |
-2.2 |
-0.4 |
|
9. Misc. transactions & commodities |
154.5 |
2.4 |
153.4 |
2.1 |
-1.0 |
-0.7 |
|
TOTAL IMPORTS |
6,568.1 |
100.0 |
7,392.2 |
100.0 |
824.1 |
12.5 |
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/ |
2002 |
2003 |
2002 |
2003 |
||||
|
Country Groupings |
Value |
% of total |
Value |
% of total |
Value |
% of total |
Value |
% of total |
|
1. Rest of Malaysia : |
|
|
|
|
|
|
|
|
|
- Peninsular Malaysia |
3,789.1 |
57.5 |
4,181.3 |
56.6 |
1,305.8 |
15.7 |
1,509.0 |
14.5 |
|
- Sarawak |
182.3 |
2.8 |
139.6 |
1.9 |
688.4 |
8.3 |
522.7 |
5.0 |
|
|
|
|
|
|
|
|
|
|
|
2. ASEAN : |
|
|
|
|
|
|
|
|
|
- Brunei Darussalam |
1.3 |
x |
3.6 |
x |
55.6 |
0.7 |
93.6 |
0.9 |
|
- Cambodia |
1.3 |
x |
4.6 |
0.1 |
- |
- |
0.2 |
x |
|
- Indonesia, Rep. Of |
155.7 |
2.4 |
190.5 |
2.6 |
346.1 |
4.2 |
636.5 |
6.1 |
|
- Laos, People’s Dem. Rep. of |
- |
- |
+ |
x |
5.3 |
0.1 |
- |
- |
|
- Myanmar, Union of |
2.3 |
x |
9.3 |
0.1 |
0.4 |
x |
2.8 |
x |
|
- Philippines |
35.1 |
0.5 |
56.8 |
0.8 |
95.6 |
1.2 |
78.5 |
0.8 |
|
- Singapore, Rep. Of |
356.6 |
5.4 |
448.6 |
6.1 |
200.3 |
2.4 |
204.7 |
2.0 |
|
- Thailand |
86.1 |
1.3 |
81.9 |
1.1 |
88.3 |
1.1 |
144.6 |
1.4 |
|
- Vietnam, Soc. Rep. Of |
30.1 |
0.5 |
41.7 |
0.6 |
55.1 |
0.7 |
44.4 |
0.4 |
Total ASEAN |
668.6 |
10.1 |
837.1 |
11.3 |
846.6 |
10.2 |
1,205.3 |
11.6 |
|
|
|
|
|
|
|
|
|
|
|
3. Japan |
300.0 |
4.6 |
355.1 |
4.8 |
588.7 |
7.1 |
604.3 |
5.8 |
|
4. China, People’s Rep. Of |
235.7 |
3.6 |
340.6 |
4.6 |
1,100.9 |
13.3 |
1,825.7 |
17.6 |
|
5. Taiwan |
91.3 |
1.4 |
95.8 |
1.3 |
165.7 |
2.0 |
224.2 |
2.2 |
|
6. Korea, Rep. of |
33.4 |
0.5 |
61.5 |
0.8 |
772.4 |
9.3 |
426.9 |
4.1 |
|
7. India |
45.5 |
0.7 |
39.0 |
0.5 |
1,027.4 |
12.4 |
1,549.9 |
14.9 |
|
8. European Union |
294.4 |
4.5 |
286.6 |
3.9 |
685.3 |
8.3 |
1,047.8 |
10.1 |
|
9. U.S.A. |
533.3 |
8.1 |
626.0 |
8.5 |
290.8 |
3.5 |
362.8 |
3.5 |
|
10. Other Countries |
394.5 |
6.0 |
429.6 |
5.8 |
828.8 |
10.0 |
1,098.4 |
10.6 |
Total |
6,568.1 |
100.0 |
7,392.2 |
100.0 |
8,300.7 |
100.0 |
10,377.0 |
100.0 |
Note: Figures may not add up to totals due to rounding. x - Less than 0.05% + - Less than RM0.05 Million