Trade Remains Robust in 2017 - Ministry of International ... Weekly Bulletin... · MITI Tower, No....
Transcript of Trade Remains Robust in 2017 - Ministry of International ... Weekly Bulletin... · MITI Tower, No....
1MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
Trade Remains Robust in 2017
The first eight months of 2017 have seen unprecedented growth in Malaysia’s trade. Growth has exceeded 20% every single month of the year, except for January and June. Last year total trade breached the RM1 trillion mark in September but this year total trade reached RM1 trillion earlier, in July. In 2016, total trade increased by 1.5%. We had earlier estimated total trade in 2017 to grow by about 3%. Although we expect some slight deceleration at the end of this year, partly because of the base effect, Malaysia is likely to record a total trade growth exceeding 10%, given the strong performance in the first eight months. The trade surplus has also been healthy, increasing to RM60.84 billion for the first eight months of 2017. In the same period last year, it stood at RM52.47 billion. This year we are likely to see a slight increase in the trade surplus compared to RM88.15 billion in the whole of last year.
A very important feature of this year’s trade is that there has been strong growth in most sectors and key markets. Increases in exports have been across the board. Manufactured goods have performed well, particular electrical and electronic products. E&E exports amounted to RM220.56 billion (January to August 2017), growing 21.4% compared to the same period in 2016. We expect the E&E sector to continue to grow given the improvement in global semiconductor sales and strongprojections from the smart devices, automotive, storage and healthcare markets. Another area showing strong performance is mining goods, driven by crude petroleum and LNG, which collectively surged by 34% to RM45.16 billion during the same period. This is due mostly to higher and more stable global energy prices.
Trade with China strengthened to 26% in the first eight months of 2017 to RM188.26 million compared to the previous period. This was driven by exports which surged 36.5% to RM80.47 billion. Trade with our key markets, ASEAN, EU, United States and Japan remained strong with growth of 23.9%, 18.3%, 19.7% and 17.7% respectively in the first eight months.
Malaysia’s trade remains resilient driven by diversification in exports. E&E accounted for 36% of exports in January-August 2017, while Petroleum, LNG and Chemical products account for 22.7% of exports. Agriculture including palm oil & palm oil based products is also an important component of Malaysian exports, amounting to 8.5% of total exports.
The World Trade Organization recently raised their 2017 growth forecast in world merchandise trade volume to 3.6% from a previous estimate of 2.4%. This is attributed to a resurgence of Asian trade flows as intra-regional shipments picked up and as demand in North America recovered after stalling in 2016. We foresee that Malaysia will benefit from the increase in global trade with our trade remaining robust for the rest of 2017.
Dato’Sri Mustapa MohamedMinister of International Trade and Industry6 October 2017
Trade Remains Robust in 2017
2MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Source: Department of Statistics, Malaysia
Trade Performance, January - August 2017Total TradeRM1,163.0b Exports
RM611.9bImportsRM551.1b
Trade BalanceRM60.8b
23.0%22.6% 22.2% 16.0%
Major Export Destinations, January - August 2017
USARM58.5b9.6%#
1
4
53
2 PRCRM80.5b13.2%#
SingaporeRM90.2b14.7%#
ThailandRM33.2b5.4%#
JapanRM50.2b8.2%#
Note: # refers to % share to total exportsTrade Trends, January 2016 - August 2017
61.9
56.7 66
.6
61.3
60.0 66
.5
60.1 67
.7
68.2
69.3 73
.0 75.8
70.3
71.8 82
.6
73.9 79
.4
73.1 78
.6 82.2
56.5
49.4 55
.4
52.3 56
.8 60.9
58.0
59.0
60.5
59.5 63
.9 66.8
65.5
63.1 77
.2
65.2 73
.9
63.2 70
.6
72.4
118.3106.1
121.9113.6 116.8
127.4118.0
126.7 128.7 128.8136.8
142.6135.8 134.9
159.8
139.1
153.3
136.3
149.2154.6
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
2016 2017
Exports Imports Total Trade
RM1,163.0bRM948.9b
RM1,485.8b
3MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Source: Department of Statistics, Malaysia
Major Exports, January - August 2017
RM181.7bRM220.6b
E&E Products
21.4%
2016 2017
Petroleum Products
RM33.7bRM48.4b
2016 2017
43.6%
Chemicals & Chemical Products
RM38.1bRM45.1b
2016 2017
18.3%
Major Imports, January - August 2017
Top 3 Destinations Top 3 Destinations Top 3 DestinationsSingapore : 18.4%*
USA : 14.8%*PRC : 14.3%*
Singapore : 30.0%*PRC : 19.1%*
Indonesia : 12.8%*
PRC : 20.5%*Indonesia : 9.7%*Thailand : 8.1%*
RM29.8bRM35.6b
2016 2017
19.7%
Palm Oil & Palm-Based Agriculture Products
Top 3 DestinationsIndia : 12.4%*PRC : 8.9%*
Netherlands: 7.9%*
RM25.7bRM27.5b
2016 2017
6.9%
Machinery, Equipment & Parts
Top 3 DestinationsSingapore : 21.0%*
USA : 8.2%*PRC : 7.7%*
Note: * Share to total exports/imports of the industry
RM135.8bRM165.0b
E&E Products
Petroleum Products
RM32.2bRM49.9b
Chemicals & Chemical Products
21.5%
2016 2017
2016 2017
55.2%
RM45.0bRM52.9b
2016 2017
17.6%
RM25.1bRM27.9b
2016 2017
11.0%
RM41.2bRM49.9b
2016 2017
24.9%
Manufactures of Metal
Machinery, Equipment & Parts
Top 3 SourcesPRC : 24.7%*
Chinese Taipei : 14.4%*USA : 12.5%*
Top 3 SourcesPRC : 16.4%*
Singapore : 11.7%*USA : 7.7%*
Top 3 SourcesPRC : 22.8%*
Japan : 13.6%*USA : 11.2%*
Top 3 SourcesSingapore : 33.8%*
India : 12.7%*PRC : 10.6%*
Top 3 SourcesPRC : 26.8%*
Japan : 11.7%*Australia : 10.0%*
4MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
International ReportPhilippines Economic Indicators 2016
Source: World Bank and WTO
Population: 103.3 mil.
Land area: 298,170 km2
GDP (current US$): US$304.9 billion
Inflation rate: 1.8%
Unemployment rate: 5.9%
Global trade: US$142.6 bil (Rank: 39)
Global exports: US$56.3 bil (Rank: 46)Global imports: US$86.3 bil (Rank: 35)
Malaysia’s Trade with Philippines, 2005 - 2017 (Jan-Aug)
7.5 8.0 8.7 9.
7
7.0 10
.0 10.9
10.5
9.3 12
.0 13.2
13.6
8.9 10
.912.2
10.6
9.8
6.9
4.0
11.3
4.8
4.8
4.7 5.2 6.
5
6.6
4.2 6.
0
19.7 18.6 18.516.7
11.0
21.3
15.7 15.314.1
17.219.7 20.2
13.1
16.8
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2016(Jan-Aug)
2017(Jan-Aug)
Exports Impors Total Trade
RM billion
Major Exports, 2017 (Jan-Aug)
Major Imports, 2017 (Jan-Aug)
Electrical machinery & equipment
(HS85)RM2.1b
Mineral fuel, oil, etc
(HS27)RM1.1b
Machineryappliances
(HS84)RM1.0b
Plastics & articles thereof (HS39)RM0.8b
Animal or vegetable fats & oil
(HS15)RM1.6b
19.0%15.0%
9.8%8.9%
7.5%
Note: % refers to share to total exports/importsSource: Department of Statistics, Malaysia
Electrical machinery & equipment
(HS85)RM3.5b
Machinery appliances
(HS84)RM0.3b
Mineral fuel,oil, etc
(HS27)RM0.2b
Copper &articles thereof (HS74)RM0.2b
Rubber & article thereof (HS40)RM0.5b
59.4%7.7%
5.5%4.1%
2.8%
5MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia
Note: The preference giving countries under the GSP scheme are Liechtenstein, the Russian Federation, Japan, Switzerland, Belarus, Kazakhstan and Norway.
Number and Value of Preferential Certificates of Origin (PCOs)
0
20
40
60
80
100
120
140
160
180
0
50
100
150
200
250
300
350
400
450
500
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
20 A
ug
27 A
ug
3 Se
p
10 S
ep
17 S
ep
24 S
ep
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Generalised System of Preferences (GSP)
Total FOB (RM mil.) Total CO
0
1,000
2,000
3,000
4,000
5,000
6,000
0
500
1,000
1,500
2,000
2,5009
Jul
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
20 A
ug
27 A
ug
3 Se
p
10 S
ep
17 S
ep
24 S
ep
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN Trade in Goods Agreement (ATIGA)
Total FOB (RM mil.) Total CO
0
500
1,000
1,500
2,000
2,500
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
20 A
ug
27 A
ug
3 Se
p
10 S
ep
17 S
ep
24 S
ep
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-China Free Trade Agreement (ACFTA)
Total FOB (RM mil.) Total CO
0
200
400
600
800
1,000
1,200
1,400
0
200
400
600
800
1,000
1,200
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
20 A
ug
27 A
ug
3 Se
p
10 S
ep
17 S
ep
24 S
ep
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-Korea Free Trade Agreement (AKFTA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
0
50
100
150
200
250
2 Ju
l
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
20 A
ug
27 A
ug
3 Se
p
10 S
ep
17 S
ep
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-Japan Comprehensive Economic Partnership (AJCEP)
Total FOB (RM mil.) Total CO
0
100
200
300
400
500
600
700
800
900
0
50
100
150
200
250
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
20 A
ug
27 A
ug
3 Se
p
10 S
ep
17 S
ep
24 S
ep
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-India Free Trade Agreement (AIFTA)
Total FOB (RM mil.) Total CO
0
200
400
600
800
1,000
1,200
0
100
200
300
400
500
600
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
20 A
ug
27 A
ug
3 Se
p
10 S
ep
17 S
ep
24 S
ep
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA)
Total FOB (RM mil.) Total CO
6MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
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Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia
Number and Value of Preferential Certificates of Origin (PCOs)
0
200
400
600
800
1,000
1,200
0
20
40
60
80
100
120
140
160
180
200
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
20 A
ug
27 A
ug
3 Se
p
10 S
ep
17 S
ep
24 S
ep
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Japan Economic Partnership (MJEPA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
350
400
0
20
40
60
80
100
120
140
160
180
200
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
20 A
ug
27 A
ug
3 Se
p
10 S
ep
17 S
ep
24 S
ep
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Pakistan Closer Economic Partnership (MPCEPA)
Total FOB (RM mil.) Total CO
0
2
4
6
8
10
12
14
0.0
0.1
0.1
0.2
0.2
0.3
0.3
0.4
0.4
0.5
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
20 A
ug
27 A
ug
3 Se
p
10 S
ep
17 S
ep
24 S
ep
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-New Zealand Free Trade Agreement (MNZFTA)
Total FOB (RM mil.) Total CO
0
20
40
60
80
100
120
140
0
5
10
15
20
25
30
35
40
45
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
20 A
ug
27 A
ug
3 Se
p
10 S
ep
17 S
ep
24 S
ep
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Chile Free Trade Agreement (MCFTA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
350
400
450
500
0
10
20
30
40
50
60
70
80
90
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
20 A
ug
27 A
ug
3 Se
p
10 S
ep
17 S
ep
24 S
ep
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)
Total FOB (RM mil.) Total CO
0
100
200
300
400
500
600
0
50
100
150
200
250
300
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
20 A
ug
27 A
ug
3 Se
p
10 S
ep
17 S
ep
24 S
ep
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Australia Free Trade Agreement (MAFTA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
350
400
450
0
100
200
300
400
500
600
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
20 A
ug
27 A
ug
3 Se
p
10 S
ep
17 S
ep
24 S
ep
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Turkey Free Trade Agreement (MTFTA)
Total FOB (RM mil.) Total CO
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MITI Weekly Bulletin | www.miti.gov.myMITI Weekly Bulletin | www.miti.gov.my
Source : Bank Negara Malaysia
Malaysian Ringgit Exchange Rate with Selected Countries,January 2016 - September 2017
US Dollar
Chinese Yuan
Thai Baht
Japanese Yen
Singapore Dollar
New Taiwan Dollar
4.3481
3.9045
4.4615
4.2089
3.60
3.70
3.80
3.90
4.00
4.10
4.20
4.30
4.40
4.50
4.60
Jan
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
Oct
Nov
Dec Ja
n
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
2016 2017
RM
USD 1 = RM
0.6615
0.6027 0.6019
0.6409
0.57
0.58
0.59
0.60
0.61
0.62
0.63
0.64
0.65
0.66
0.67
Jan
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
Oct
Nov
Dec Ja
n
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
2016 2017
RM
CNY 1 = RM
12.0200
11.1226
12.879012.6957
10.00
10.50
11.00
11.50
12.00
12.50
13.00
13.50
Jan
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
Oct
Nov
Dec Ja
n
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
2016 2017
RM
THB 100 = RM
3.6805
3.5620
4.0315
3.8035
3.30
3.40
3.50
3.60
3.70
3.80
3.90
4.00
4.10
Jan
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
Oct
Nov
Dec Ja
n
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
2016 2017RM
JPY 100 = RM
3.0323
2.8904
3.15833.1193
2.75
2.80
2.85
2.90
2.95
3.00
3.05
3.10
3.15
3.20
Jan
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
Oct
Nov
Dec Ja
n
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p2016 2017
RM
SGD 1 = RM
12.9926
12.0705
14.5092
13.9683
10.00
10.50
11.00
11.50
12.00
12.50
13.00
13.50
14.00
14.50
15.00
Jan
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
Oct
Nov
Dec Ja
n
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
2016 2017
RM
TWD 100 = RM
8MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group.
Notes: All figures have been rounded to the nearest decimal point * Refer to % change from the previous week’s price i Average price in the year except otherwise indicated
Commodity PricesCRUDE PETROLEUM (BRENT)
-per bbl-6 Oct 2017 : US$55.6, 3.3%*
Average Pricei : 2016: US$45.3 2015: US$53.6
CRUDE PALM OIL-per MT-
6 Oct 2017 : US$709.5, 2.5%*Average Pricei : 2016: US$702.2 2015: US$616.9
RUBBER SMR 20-per MT-
6 Oct 2017 : US$1,494.0, 3.6%*
Average Pricei : 2016: US$1.394.5 2015: US$1.364.3
COAL -per MT-6 Oct 2017 : US$59.9, 0.5%Average Pricei : 2016: US$45.6 2015: US$49.9
COCOA SMC 2-per MT-
6 Oct 2017 : US$1,616.9, 12.1%*
Average Pricei : 2016: US$1,609.8 2015: US$2,077.0
SCRAP IRON HMS-per MT-
6 Oct 2017 : US$350.0 (high), unchanged US$330.0 (low), unchangedAverage Pricei : 2016: US$243.2 2015: US$239.6
HIGHEST and LOWEST 2016/2017
Highest 29 Sep 2017 : US$57.5 30 Dec 2016 : US$56.8
Lowest
23 June 2017 : US$45.5
15 Jan 2016 : US$28.9
Crude Petroleum
(Brent)-per bbl-
Highest 20 Jan 2017 : US$843.0 30 Dec 2016 : US$797.5
Lowest
15 Jan 2016 : US$545.5 30 June 2017 : US$650.0
Crude Palm Oil -per MT-
Domestic Prices6 Oct 2017
Steel Bars(per MT)
RM2,430 – RM2,580
Billets(per MT)
RM2,300 – RM2,350
SUGAR -per lbs-6 Oct 2017 : US¢ 14.0, 0.9%*
Average Pricei : 2016: US¢18.2 2015: US¢13.2
9MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
Commodity Price Trends
670.5 669.5665.0
656.5
668.5
686.0690.5 692.5
726.5
749.5
727.5
709.5
600
620
640
660
680
700
720
740
760
21 Jul 28 Jul 4 Aug 11 Aug 18 Aug 25 Aug 30 Aug 8 Sep 15 Sep 21 Sep 29 Sep 6 Oct
US$
/mt
Crude Palm Oil
1,421.7
1,448.6
1,543.1
1,420.1
1,350.1
1,379.6
1,417.0
1,350.21,371.7
1,428.21,442.9
1,616.9
1,200
1,250
1,300
1,350
1,400
1,450
1,500
1,550
1,600
1,650
21 Jul 28 Jul 4 Aug 11 Aug 18 Aug 25 Aug 30 Aug 8 Sep 15 Sep 21 Sep 29 Sep 6 Oct
US$
/mt
Cocoa
14.4 14.4
14.1
13.2
13.4
14.013.9
14.1
15.2
14.6
14.114.0
12.0
12.5
13.0
13.5
14.0
14.5
15.0
15.5
21 Jul 28 Jul 4 Aug 11 Aug 18 Aug 25 Aug 30 Aug 8 Sep 15 Sep 21 Sep 29 Sep 6 Oct
US¢
/lbs
Sugar
1,568.5
1,433.5
1,477.5
1,520.51,539.0
1,554.0 1,559.0
1,695.5
1,633.5
1,515.0
1,442.0
1,494.0
1,300
1,350
1,400
1,450
1,500
1,550
1,600
1,650
1,700
1,750
21 Jul 28 Jul 4 Aug 11 Aug 18 Aug 25 Aug 30 Aug 8 Sep 15 Sep 21 Sep 29 Sep 6 Oct
US$
/mt
Rubber SMR 20
6,900 7,088 7,113
7,281
6,917 6,851 6,730
6,337
6,085 5,965
4,516
3,984
4,366
4,605
4,188
4,571
3,000
3,500
4,000
4,500
5,000
5,500
6,000
6,500
7,000
7,500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
2016 2017
USD
/ to
nne
Black Pepper
* until 31 May 2017** data for April & June 2017 are not available
10MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Sources: Ministry of International Trade and Industry Malaysia, , Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
56.655.8
54.8
56.056.8 56.6
58.1
59.0
60.1 60.1 60.2 59.9
43.5
45.5
47.5
49.5
51.5
53.5
55.5
57.5
59.5
61.5
21 Jul 28 Jul 4 Aug 11 Aug 18 Aug 25 Aug 30 Aug 8 Sep 15 Sep 22 Sep 29 Sep 6 Oct
US$
/t
Coal
1,481
1,531
1,531 1,571
1,551 1,594
1,629
1,639
1,592
1,666
1,737
1,728
1,791
1,861 1,901
1,921
1,913 1,885
1,903
2,030
2,096
1,400
1,500
1,600
1,700
1,800
1,900
2,000
2,100
2,200
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
2016 2017
US$
/ to
nne
Aluminium
4,472 4,599
4,954 4,873
4,695 4,642
4,865 4,752
4,722
4,731
5,451
5,660 5,755
5,941 5,825
5,684 5,600
5,720
5,985
6,486 6,577
4,000
4,500
5,000
5,500
6,000
6,500
7,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
2016 2017
US$
/ to
nne
Copper
8,507 8,299
8,717 8,879
8,660
8,928
10,263
10,336
10,192
10,260
11,129 10,972
9,971
10,643
10,205
9,609
9,155 8,932
9,491
10,890
11,216
7,000
7,500
8,000
8,500
9,000
9,500
10,000
10,500
11,000
11,500Ja
n
Feb
Mar Apr
May Jun Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar Apr
May Jun Jul
Aug
Sep
2016 2017
US$
/ to
nne
Nickel
45.8
49.7 49.648.8 48.5
47.947.3 47.5
49.950.7
51.7
49.348.1
52.5 52.4 52.152.7 52.4 52.8
53.8
55.6
56.957.5
55.6
40
42
44
46
48
50
52
54
56
58
60
21 Jul 28 Jul 4 Aug 11 Aug 18 Aug 25 Aug 30 Aug 8 Sep 15 Sep 22 Sep 29 Sep 6 Oct
US$
/bbl
Crude Petroleum
Crude Petroleum (WTI)/bbl Crude Petroleum (Brent)/bbl
Commodity Price Trends
11MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank.
940.0
930.0
969.0
987.0 988.0
978.0
1,002.0
1,017.0
979.0
938.0
923.0
914.0
860.0
880.0
900.0
920.0
940.0
960.0
980.0
1,000.0
1,020.0
1,040.0
21 Jul 28 Jul 4 Aug 11 Aug 18 Aug 25 Aug 1 Sep 8 Sep 15 Sep 22 Sep 29 Sep 6 Oct
US$
/oz
Platinum
315.0 315.0320.0
330.0
350.0 350.0
390.0 390.0380.0
370.0
350.0 350.0
300.0 300.0310.0
320.0
340.0 340.0
370.0380.0
370.0360.0
330.0 330.0
200
250
300
350
400
450
14 Jul 21 Jul 28 Jul 4 Aug 11 Aug 18 Aug 25 Aug 8 Sep 15 Sep 21 Sep 29 Sep 6 Oct
US$
/mt
Scrap Iron
Scrap Iron/MT (High) Scrap Iron/MT(Low)
41.88
46.83
56.20
60.92
55.1351.98
57.26
60.8957.79
59.09
73.10
80.02
80.41
89.4487.65
70.22
62.43
57.48
67.74
76.07
71.53
30.0
40.0
50.0
60.0
70.0
80.0
90.0
100.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
2016 2017U
S$/d
mtu
Iron Ore
16.5
16.7
16.5
17.117.2
17.1
17.6
18.1
17.8
17.0
16.8
16.6
15.5
16.0
16.5
17.0
17.5
18.0
18.5
21 Jul 28 Jul 4 Aug 11 Aug 18 Aug 25 Aug 1 Sep 8 Sep 15 Sep 22 Sep 29 Sep 6 Oct
US$
/oz
Silver
40.1
40.7 40.4
41.4
41.7
41.3
42.5
43.3
42.5
41.6
41.3
40.6
38.5
39.0
39.5
40.0
40.5
41.0
41.5
42.0
42.5
43.0
43.5
44.0
20 Jul 27 Jul 3 Aug 10 Aug 17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep 5 Oct
US$
/oz
Gold
Commodity Price Trends
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MITI Weekly Bulletin | www.miti.gov.my
MITI PROGRAMMEMITI PROGRAMMEMITI @ Hari Peladang, Penternak dan Nelayan Kebangsaan (HPPNK2017)
and Malaysia Food Festival (MFF2017)28 September to 1 October 2017
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MITI Weekly Bulletin | www.miti.gov.my
MITI PROGRAMMEMITI PROGRAMME
Penganugerahan Pertandingan Hackathon 2017 (Mobile Apps) dan Pengiktirafan Agensi Pelaksana Big Data Analytics, 5 Oktober 2017
HR Open Day, 4 October 2017
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MITI PROGRAMMEMITI PROGRAMMEMITI PROGRAMMEMITI PROGRAMMENational Convention on Good Regulatory Practice 2017
5 October 2017
MITI PROGRAMMEMITI PROGRAMMEMITI PROGRAMME
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Majlis Pelancaran Mega TUBE di Kota Belud Sabah 7 Oktober 2017
MITI PROGRAMMEMITI PROGRAMMEMITI PROGRAMMEMITI PROGRAMME
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Sabah manufacturers urge the Government to seriously look into ‘one country one price’. “The manufacturing industry is a productive sector providing employment along the value chain from transforming raw materials into finished products, said Datuk Alan Ang, FSI Advisor, who is a manufacturer and exporter.
He conveyed this message to the MITI Sabah Director, Ms Rita Elisha Mering during a recent courtesy call on FSI President and council members. ‘With a strong manufacturing sector, it could provide job opportunities to the rakyat and can be a solution to Sabah’s poverty eradication,” added Datuk Ang.
Meanwhile, FSI President, Datuk Mohd Basri Abd Gafar said that Sabah is 10-15 years behind economically compared to Peninsular Malaysia, a fact concurred by Ms Rita. Mohd Basri highlighted the need to catch up with Peninsular Malaysia, adding that policy decisions are KL-centric and do not help or benefit Sabah much. Sabah loses out to Peninsular industries in getting incentives or fund allocations because of inability to meet the eligibility criteria.
On the issue of logistics, Mohd Basri said more allocations need to be pumped in for the development of the Sepanggar Bay Container Terminal in the near future and he urged the formation of the Sabah Logistics Council as was promised by the authorities concerned. The Pan Borneo highway is expected to create economic spinoff and our port needs to live up to its name as a hub port, the scale of Port Klang.
FSI Vice President for Resource-Based, Datuk Yusoff Kasim, noted that in the case of palm oil which Sabah produces in abundance, sadly, there have been long absence of further downstream processing activities apart from cooking oils. These, and more issues and input will be presented during the TN50 (Transformasi Nasional 2050) townhall session with MITI Deputy Minister on October 9, during which MITI will allocate time for FSI’s presentation.
In the meantime, members of FSI are urged to channel their issues or to provide feedback as to their aspiration for Sabah by 2050. These will be considered for the 2050 Blueprint.
ME
DIA
RE
LEA
SE
FSI: Get serious on ‘one country one price’
Mohd Basri (third, left), presenting a memento to Ms Rita Elisha Mering after the courtesy call. Other FSI council members present are (L-R), Vice President (Non-Resource-Based) – Mr Jeff Lu, Advisor – Datuk Alan Ang, Vice President (Resource-Based) – Datuk Yusoff Kasim and Council Member - Mr Conan Teo. The courtesy call was held at Wisma FSM along Jalan Sepanggar, Kota Kinabalu.
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MITI Weekly Bulletin | www.miti.gov.my
of Technical Terms
Source: http://www.miti.gov.my/index.php/glossary
NTBsNon-Tariff Barrier - refer to restrictions that result from prohibitions, conditions, or specific market requirements that make importation or exportation of products difficult and/or costly. NTBs also include unjustified and/or improper application of Non-Tariff Measures (NTMs) such as sanitary and phytosanitary (SPS) measures and other technical barriers to Trade (TBT). NTBs arise from different measures taken by governments and authorities in the form of government laws, regulations, policies, conditions, restrictions or specific requirements, and private sector business practices, or prohibitions that protect the domestic industries from foreign competition.
NTMsNon-Tariff Measures - in general, this term is used to identify any measure which is not based on tariff and is applied in order to protect domestic industries. Many non-tariff measures originated from legitimate purposes, for example, human health protection, and are applied in accordance with WTO rules. Agreements such as the Agreement on Sanitary and Phytosanitary Measures (SPS) and the Agreement on Technical Barriers to Trade (TBT) allow governments to practice legal benefit protection measures while minimizing obstacles to trade and avoiding the application of “disguised protectionism”.
OEMOrigional Equipment Manufacturer - An OEM is a company that makes a part or subsystems that is used in another company’s end product. OEM is a company whose products are used as components in the products of another company, referred to as the value-added reseller (VAR). The OEM generally works closely with the company that sells the finished product and customizes designs based on that company’s needs. In the computer industry, OEM may also refer to the VAR, the company that buys products and incorporates or rebrands them into a new product under its own name.. e.g PROTON, PERODUA, Toyota and Honda.
OligopolyWhen a few firms dominate a market. Often they can together behave as if they were a single monopoly, perhaps by forming a cartel. Or they may collude informally, by preferring gentle non-price competition to a bloody price war. Because what one firm can do depends on what the other firms do, the behaviour of oligopolists is hard to predict. When they do compete on price, they may produce as much and charge as little as if they were in a market with perfect competition.
Omni-modalUsed with terms that use all modes of transportation (truck, airplane, vessel, train)
On-carriageOn-carriageDomestic: subsequent transportation beyond main carriageInternational: transportation from the arrival pint on the buyer’s side
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