Year-on-year, sales declined by 3.0 percent to MYR 68.0 billion, following a 1.5 percent increase in August while market estimated a 1.9 percent drop. Sales decreased for: crude petroleum (-26.8 percent to MYR 1.8 billion, 2.7 percent share), LNG (-20.0 percent to MYR 2.7 billion, 3.9 percent share), timber and timber based products (-11.5 percent) and natural rubber (-17.8 percent). In contrast, outbound shipments increased for: refined petroleum products (+5.5 percent to MYR 4.9 billion, 7.2 percent share), palm oil and palm based products (+6.3 percent to MYR 4.6 billion, 6.7 percent share) and electrical & electronic products (+0.3 percent to MYR 26.2 billion, 38.5 percent share).
Exports rose to the US (+5.0 percent to MYR 6.9 billion) and Singapore (+6.3 percent to MYR 10.4 billion). In contrast, sales dropped to China (-1.0 percent to MYR 9.0 billion), Japan (-11.7 percent to MYR 5.4 billion) and Thailand (-2.6 percent to MYR 3.6 billion).
Imports fell 0.1 percent to MYR 60.5 billion, compared to a 4.9 percent growth in the preceding month and less than consensus of a 0.9 percent fall. Purchases went down for: capital goods (-5.6 percent, due to both capital goods except for transport equipment: -9.8 percent) and consumption goods (-4.8 percent, due to food & beverages processed, mainly for household: -12.7 percent and semi-durables: -5.1 percent). In contrast, inbound shipments rose 6.2 percent for intermediate goods, largely due to industrial supplies, processed: +13.4 percent) and fuel & lubricants, primary: +159.8 percent).
In August 2016, trade surplus stood at MYR 8.5 billion.