SABAH
TRADE SUMMARY
JANUARY – NOVEMBER 2003
1. Balance of Trade
1.1 Sabah continued to register a favorable trade balance with a surplus amounting to RM4,800.3 million during January to November 2003 as compared to RM3,103.0 million during the corresponding period last year, an increase of RM1,697.3 million or 54.7%. This was due to the substantial increase in exports of RM2,965.6 million vis-à-vis the lower increase in imports by RM1,268.3 million between the review periods. Significant increases were recorded in the exports of palm oil and crude petroleum which together amounted to RM9,921.6 million.
2. Exports
2.1 Sabah’s total export revenue amounted to RM16,910.4 million during the first eleven months of 2003 as compared to RM13,944.8 million for the corresponding period last year. Palm oil, crude petroleum, plywood, palm kernel oil, sawn timber, methanol, hot briquetted iron and uncoated printing & writing paper were the main export commodities during the current review period which together amounted to RM13,138.3 million or 77.7% of total exports.
2.2 Palm oil retained its position as Sabah’s leading major export commodity during the current review period valued at RM6,187.6 million and contributed to 36.6% of the State’s total export earnings, an increase of RM1,401.0 million as against RM4,786.6 million of the previous period. The higher receipt was jointly attributable to the increased f.o.b. export price from RM1,301.4 per tonne to RM1,540.1 per tonne coupled with the 9.2% increase in export volume from 3,678.0 thousand tonnes to 4,017.8 thousand tonnes. The People’s Republic of China (1,627.9 thousand tonnes), the Netherlands (679.7 thousand tonnes), India (451.2 thousand tonnes) and Pakistan (402.1 thousand tonnes) were the main buyers during the current review period.
2.3 Crude petroleum was the second important revenue earner and collected a higher receipt of RM3,734.0 million as against RM2,890.2 million during the two review periods. This increase was resulted from the better f.o.b export price from RM664.6 per tonne to RM821.7 per tonne (+ RM157.1 per tonne). The volume exported stood at 4,544.0 thousand tonnes during the current reference period. India, Peninsular Malaysia and the Republic of Indonesia together acquired 84.8% of Sabah’s crude petroleum.
2.4 Sabah’s plywood generated revenue valued at RM1,070.5 million as against RM1,079.4 million during the periods under review, a marginal 0.3% drop (-RM9.0 million). This was solely attributable to the f.o.b. export price which dropped by RM39.0 per cubic metre to RM1,044.3 per cubic metre. The quantity of plywood exported on the other hand, rose by 2.9% to 1,025.1 thousand cubic metres. The main importers for Sabah’s plywood during the first eleven months of 2003 were Japan (252.0 thousand cubic metres), the Republic of Korea ( 178.6 thousand cubic metres) the U.S.A. (178.1 thousand cubic metres) and Peninsular Malaysia (137.3 thousand cubic metres).
3. Imports
3.1 Sabah’s imports increased from RM10,841.7 million to RM12,110.1 million during the periods under comparison, an increase of RM1,268.3 million or 11.7%. Higher imports were observed on machinery & transport equipment (+ RM578.1 million), chemicals & related products (+RM153.2 million) and food (+ RM145.7 million).
3.2 Machinery and transport equipment tops the list of import items, valued at RM4,220.3 million or 34.8% of total imports. Road vehicles (RM1,591.4 million), general industrial machinery and equipment, n.e.s. and machine parts n.e.s. (RM663.8 million), machinery for particular industries (RM634.1 million) and electrical machinery, apparatus & appliances, n.e.s. (RM397.0 million) were the main component items imported.
3.3 Imports of manufactured goods valued at RM1,638.7 million contributed to 13.5% of total imports during the current review period. Iron and steel (RM524.8 million), manufactures of metals n.e.s (RM331.5 million), non-metallic mineral manufactures (RM244.9 million) and rubber manufactures (RM149.4 million) were the main constituent items imported.
3.4 Sabah’s import bill on chemicals related products amounted to RM1,372.9 million during the current review period which accounted for 11.3% of total imports. Manufactured fertilizers (RM429.8 million), chemicals & related products (RM202.0 million) and essential oils, resinoids & perfume materials, etc (RM201.9 million) were the major component items imported.
4. Direction of Trade
Sabah’s major trading partners during January-November, 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
January 10, 2004.
SABAH
(RM MILLION)
|
|
|
Quantity |
Value |
||||
|
|
Unit of |
January-November |
Changes |
January-November |
Changes in |
||
|
Major Commodities |
Quantity |
2002 |
2003 |
in Quantity |
2002 |
2003 |
Value |
|
1. Palm Oil ( Crude & Processed) |
Tonnes |
3,678,019 |
4,017,778 |
339,759 |
4,786.6 |
6,187.6 |
1,401.0 |
|
2. Petroleum (Crude) |
‘000 Tonnes |
4,349 |
4,544 |
195 |
2,890.2 |
3,734.0 |
843.8 |
|
3. Plywood |
Cu. Metres |
996,434 |
1,025,107 |
28,673 |
1,079.4 |
1,070.5 |
-9.0 |
|
4. Palm Kernel Oil |
Tonnes |
365,108 |
393,084 |
27,976 |
474.3 |
606.1 |
131.9 |
|
5. Sawn Timber (Incl. conifer) |
‘000 Cu. Metres |
457 |
448 |
-9 |
505.4 |
504.8 |
-0.7 |
|
6. Methanol |
Tonnes |
456,206 |
560,434 |
104,228 |
236.2 |
425.4 |
189.3 |
|
7. Hot Briquetted Iron |
Tonnes |
663,418 |
672,486 |
9,068 |
283.8 |
364.5 |
80.7 |
|
8. Uncoated Printing & Writing Paper |
Tonnes |
131,634 |
105,897 |
-25,737 |
283.0 |
245.4 |
-37.6 |
|
9. Prawns, fresh, frozen |
Tonnes |
8,245 |
7,028 |
-1,217 |
203.0 |
166.3 |
-36.7 |
|
10. Veneer Sheets |
Cu. Metres |
140,310 |
138,139 |
-2,171 |
142.7 |
138.0 |
-4.7 |
|
11.Cocoa Beans ( Raw & Roasted) |
Tonnes |
22,580 |
17,532 |
-5,048 |
116.1 |
108.4 |
-7.7 |
|
12. Laminated Wood |
Cu. Metres |
112,537 |
108,307 |
-4,230 |
116.0 |
120.5 |
4.4 |
|
13. Rubber |
Tonnes |
24,579 |
31,293 |
6,714 |
65.1 |
106.4 |
41.3 |
|
14. Palm Kernel Cake |
Tonnes |
385,293 |
449,735 |
64,442 |
73.1 |
77.0 |
3.9 |
|
15. Moulded Woods |
Cu. Metres |
27,682 |
22,355 |
-5,327 |
49.8 |
38.9 |
-10.9 |
|
Total Selected Major Exports |
|
|
|
|
11,304.9 |
13,893.8 |
2,588.9 |
|
Other Exports |
|
|
|
|
2,639.9 |
3,016.6 |
376.8 |
|
Total Exports |
|
|
|
|
13,944.8 |
16,910.4 |
2,965.6 |
Notes: Figures may not add up to totals due to rounding.
Table 2 - IMPORTS BY COMMODITY SECTIONS (RM MILLION)
(RM Million)
|
S.I.T.C. Commodity Sections |
January-November |
Changes in Value |
% Change Over Corresponding Year |
|||
|
2002 |
2003 |
|||||
|
Value |
% of total |
Value |
% of total |
|||
|
(1) |
(2) |
(3) |
(4) |
(5)=(3)-(1) |
(6)=(5)/(1)x100 |
|
|
0. Food |
1,222.1 |
11.3 |
1,367.8 |
11.3 |
145.7 |
11.9 |
|
1. Beverages & tobacco |
358.5 |
3.3 |
420.3 |
3.5 |
61.8 |
17.2 |
|
2. Crude materials, inedible except fuels |
359.2 |
3.3 |
399.3 |
3.3 |
40.0 |
11.1 |
|
3. Mineral fuels, lubricants & related materials |
1,114.0 |
10.3 |
1,233.7 |
10.2 |
119.7 |
10.7 |
|
4. Animal & vegetable oils & fats |
63.7 |
0.6 |
79.4 |
0.7 |
15.7 |
24.6 |
|
5. Chemicals & related products |
1,219.7 |
11.2 |
1,372.9 |
11.3 |
153.2 |
12.6 |
|
6. Manufactured goods classified chiefly by materials |
1,551.4 |
14.3 |
1,638.7 |
13.5 |
87.3 |
5.6 |
|
7. Machinery & transport equipment |
3,642.2 |
33.6 |
4,220.3 |
34.8 |
578.1 |
15.9 |
|
8. Misc. manufactured articles |
1,057.6 |
9.8 |
1,136.6 |
9.4 |
78.9 |
7.5 |
|
9. Misc. transactions & commodities |
253.3 |
2.3 |
241.2 |
2.0 |
-12.1 |
-4.8 |
|
TOTAL IMPORTS |
10,841.7 |
100.0 |
12,110.1 |
100.0 |
1,268.3 |
11.7 |
Note : Figures may not add up to totals due to rounding.
SABAH
TABLE 3 - DIRECTION OF TRADE
(RM MILLION)
|
Country/Country Groupings |
Imports |
Exports |
||||||
January-November |
January-November |
|||||||
|
2002 |
2003 |
2002 |
2003 |
|||||
|
Value |
% of total |
Value |
% of total |
Value |
% of total |
Value |
% of total |
|
|
1. Rest of Malaysia : |
|
|
|
|
|
|
|
|
|
- Peninsular Malaysia |
6,281.3 |
57.9 |
6,996.6 |
57.8 |
2,141.2 |
15.4 |
2,431.6 |
14.4 |
|
- Sarawak |
298.7 |
2.8 |
208.2 |
1.7 |
1,074.6 |
7.7 |
968.9 |
5.7 |
|
|
|
|
|
|
|
|
|
|
|
2. ASEAN : |
|
|
|
|
|
|
|
|
|
- Brunei Darussalam |
1.2 |
x |
4.0 |
x |
122.1 |
0.9 |
253.5 |
1.5 |
|
- Cambodia |
2.7 |
x |
4.6 |
0.0 |
0.7 |
- |
0.2 |
0.2 |
|
- Indonesia, Rep. Of |
243.2 |
2.2 |
296.9 |
2.5 |
578.0 |
4.1 |
914.2 |
5.4 |
|
- Laos, People’s Dem. Rep. of |
- |
- |
+ |
x |
5.3 |
x |
+ |
x |
|
- Myanmar, Union of |
5.3 |
0.0 |
10.9 |
0.1 |
0.7 |
x |
2.8 |
x |
|
- Philippines |
69.2 |
0.6 |
95.0 |
0.8 |
140.5 |
1.0 |
117.8 |
0.7 |
|
- Singapore, Rep. Of |
569.9 |
5.3 |
659.8 |
5.4 |
327.3 |
2.3 |
439.2 |
2.6 |
|
- Thailand |
135.5 |
1.3 |
148.2 |
1.2 |
154.5 |
1.1 |
261.2 |
1.5 |
|
- Vietnam, Soc. Rep. Of |
54.9 |
0.5 |
56.4 |
0.5 |
82.4 |
0.6 |
99.9 |
0.6 |
Total ASEAN |
1,081.9 |
9.9 |
1,275.9 |
10.5 |
1,411.4 |
10.1 |
2,088.7 |
12.4 |
|
|
|
|
|
|
|
|
|
|
|
3. Japan |
507.7 |
4.7 |
517.1 |
4.3 |
1,018.0 |
7.3 |
960.8 |
5.7 |
|
4. China, People’s Rep. Of |
397.0 |
3.7 |
563.5 |
4.7 |
2,042.3 |
14.6 |
3,001.5 |
17.8 |
|
5. Taiwan |
171.3 |
1.6 |
156.8 |
1.3 |
280.5 |
2.0 |
356.8 |
2.1 |
|
6. Korea, Rep. of |
62.8 |
0.6 |
109.8 |
0.9 |
1,139.9 |
8.2 |
706.2 |
4.2 |
|
7. India |
67.3 |
0.6 |
84.5 |
0.7 |
1,776.6 |
12.7 |
2,524.7 |
14.9 |
|
8. European Union |
458.4 |
4.2 |
454.0 |
3.7 |
1,254.3 |
9.0 |
1,703.5 |
10.1 |
|
9. U.S.A. |
904.7 |
8.3 |
1,088.6 |
9.0 |
466.2 |
3.3 |
531.4 |
3.1 |
|
10. Other Countries |
610.6 |
5.6 |
654.6 |
5.4 |
1,338.0 |
9.6 |
1,634.4 |
9.7 |
Total |
10,841.7 |
100.0 |
12,109.6 |
100.0 |
13,942.9 |
100.0 |
16,908.5 |
100.0 |
Note: Figures may not add up to totals due to rounding. x - Less than 0.05% + - Less than RM0.05 Million