malaysia manufacturing sector trade performance weekly bulletin/miti_w… · malaysia usd 2,464.9...

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MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446 Source: Department of Statistics, Malaysia Malaysia Note: % refers to year-on-year change Manufacturing Sector January- November 2017 Trade Performance Exports Imports Total Trade 20.3% RM703.1b 19.7% RM667.9b 5.3% RM1,371.0b Machinery, Equipment & Parts RM72.0b, 22.8% Petroleum Products RM69.8b, 48.3% Manufactures of Metal RM39.9b, 12.8% Major Exports E&E Products RM231.5b, 22.0% Chemicals & Chemical Products RM73.2b, 18.3% 1 2 3 4 5 Major Imports E&E Products RM314.3b, 20.5% Petroleum Products RM65.8b, 34.7% Chemicals & Chemical Products RM62.6b, 17.1% Machinery, Equipment & Part RM37.1b, 7.6% Manufactures of Metal RM34.6b, 13.6% 1 2 3 4 5

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Page 1: Malaysia Manufacturing Sector Trade Performance Weekly Bulletin/MITI_W… · Malaysia USD 2,464.9 Million Hong Kong USD 2,299.1 Million Singapore USD 1,959.7 Million Japan USD 1,669.0

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

Source: Department of Statistics, Malaysia

Malaysia

Note: % refers to year-on-year change

Manufacturing Sector

January- November 2017Trade Performance

Exports Imports Total Trade

20.3%RM703.1b

19.7%RM667.9b

5.3%RM1,371.0b

Machinery, Equipment & PartsRM72.0b, 22.8%

Petroleum ProductsRM69.8b, 48.3%

Manufactures of MetalRM39.9b, 12.8%

Major ExportsE&E ProductsRM231.5b, 22.0%

Chemicals & Chemical ProductsRM73.2b, 18.3%

1

2

3

4

5

Major ImportsE&E ProductsRM314.3b, 20.5%

Petroleum ProductsRM65.8b, 34.7%

Chemicals & Chemical ProductsRM62.6b, 17.1%

Machinery, Equipment & Part RM37.1b, 7.6%

Manufactures of Metal RM34.6b, 13.6%

1

2

3

4

5

Page 2: Malaysia Manufacturing Sector Trade Performance Weekly Bulletin/MITI_W… · Malaysia USD 2,464.9 Million Hong Kong USD 2,299.1 Million Singapore USD 1,959.7 Million Japan USD 1,669.0

MITI 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

Indica

tors,

Jan -

Nov 2

017 Exports

RM703.1bil. ( 20.3%)Imports

RM667.9bil. ( 19.7%)Manufacturing Index

142.0 ( 6.2%)Sales

RM698.5bil. ( 14.2%)Employment

1,054,705 persons ( 2.3%)Salary

RM38.1bil. ( 8.5%)

Industrial Production Index (IPI) November 2017

IPI 134.8 5.0%

Electricity Index 134.8 3.9%

Mining Index108.8 0.2%

Manufacturing Index 146.1 6.7%

Petroleum,Chemical, Rubber & Plastic

7.5%

Electrical & Electronics6.9%

Food, Beverages & Tobacco 8.2%

Non-Metalic Mineral Products, Basic Metal & Fabricated Metal Products

4.6%

Transport Equipment & Other Manufacturers

3.0%

Manufacturing Sector Performance

Note: % refers to year-on-year changeSource: Department of Statistics, Malaysia

Page 3: Malaysia Manufacturing Sector Trade Performance Weekly Bulletin/MITI_W… · Malaysia USD 2,464.9 Million Hong Kong USD 2,299.1 Million Singapore USD 1,959.7 Million Japan USD 1,669.0

MITI 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 Report

Notes : * Refers to HS 854290Source:http://www.trademap.org/Index.aspx

1 2 3

4 5

MalaysiaUSD 2,464.9 Million

Hong KongUSD 2,299.1 Million

SingaporeUSD 1,959.7 Million

JapanUSD 1,669.0 Million

United StatesUSD 1,284.6 Million

SingaporeUSD 933.6 Million

Hong KongUSD 272.6 Million

ThailandUSD 174.8 Million

12

3

Malaysia As the Largest Exporter of Parts of Electronic Integrated

Circuits*, 2016

TOP 5: Export Destinations

5

4KoreaUSD 240.2 Million

ChinaUSD 275.5 Million

Page 4: Malaysia Manufacturing Sector Trade Performance Weekly Bulletin/MITI_W… · Malaysia USD 2,464.9 Million Hong Kong USD 2,299.1 Million Singapore USD 1,959.7 Million Japan USD 1,669.0

MITI 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

0

20

40

60

80

100

120

140

0

50

100

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7 Ja

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No.

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ertif

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Orig

in

RM m

il.

Generalised System of Preferences (GSP)

Total FOB (RM mil.) Total CO

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

1,000

2,000

3,000

4,000

5,000

6,000

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,00022

Oct

29 O

ct

5 N

ov

12 N

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19 N

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26 N

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7 Ja

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No.

of C

ertif

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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

3,000

0

500

1,000

1,500

2,000

2,500

22 O

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29 O

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5 N

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12 N

ov

19 N

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26 N

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7 Ja

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No.

of C

ertif

icat

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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

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

22 O

ct

29 O

ct

5 N

ov

12 N

ov

19 N

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26 N

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10 D

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24 D

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31 D

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7 Ja

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No.

of C

ertif

icat

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Orig

in

RM m

il.

ASEAN-Korea Free Trade Agreement (AKFTA)

Total FOB (RM mil.) Total CO

0

50

100

150

200

250

300

350

400

0

20

40

60

80

100

120

140

22 O

ct

29 O

ct

5 N

ov

12 N

ov

19 N

ov

26 N

ov

3 D

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10 D

ec

17 D

ec

24 D

ec

31 D

ec

7 Ja

n

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

1,000

0

100

200

300

400

500

600

700

800

900

1,000

22 O

ct

29 O

ct

5 N

ov

12 N

ov

19 N

ov

26 N

ov

3 D

ec

10 D

ec

17 D

ec

24 D

ec

31 D

ec

7 Ja

n

No.

of C

ertif

icat

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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

1,400

0

20

40

60

80

100

120

140

160

22 O

ct

29 O

ct

5 N

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12 N

ov

19 N

ov

26 N

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10 D

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31 D

ec

7 Ja

n

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

Page 5: Malaysia Manufacturing Sector Trade Performance Weekly Bulletin/MITI_W… · Malaysia USD 2,464.9 Million Hong Kong USD 2,299.1 Million Singapore USD 1,959.7 Million Japan USD 1,669.0

MITI 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

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

22 O

ct

29 O

ct

5 N

ov

12 N

ov

19 N

ov

26 N

ov

3 D

ec

10 D

ec

17 D

ec

24 D

ec

31 D

ec

7 Ja

n

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

0

20

40

60

80

100

120

140

22 O

ct

29 O

ct

5 N

ov

12 N

ov

19 N

ov

26 N

ov

3 D

ec

10 D

ec

17 D

ec

24 D

ec

31 D

ec

7 Ja

n

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

0.0

0.1

0.1

0.2

0.2

0.3

0.3

0.4

0.4

0.5

0.5

22 O

ct

29 O

ct

5 N

ov

12 N

ov

19 N

ov

26 N

ov

3 D

ec

10 D

ec

17 D

ec

24 D

ec

31 D

ec

7 Ja

n

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

22 O

ct

29 O

ct

5 N

ov

12 N

ov

19 N

ov

26 N

ov

3 D

ec

10 D

ec

17 D

ec

24 D

ec

31 D

ec

7 Ja

n

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

50

100

150

200

250

22 O

ct

29 O

ct

5 N

ov

12 N

ov

19 N

ov

26 N

ov

3 D

ec

10 D

ec

17 D

ec

24 D

ec

31 D

ec

7 Ja

n

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

700

0

10

20

30

40

50

60

70

80

90

22 O

ct

29 O

ct

5 N

ov

12 N

ov

19 N

ov

26 N

ov

3 D

ec

10 D

ec

17 D

ec

24 D

ec

31 D

ec

7 Ja

n

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

0

50

100

150

200

250

22 O

ct

29 O

ct

5 N

ov

12 N

ov

19 N

ov

26 N

ov

3 D

ec

10 D

ec

17 D

ec

24 D

ec

31 D

ec

7 Ja

n

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Turkey Free Trade Agreement (MTFTA)

Total FOB (RM mil.) Total CO

Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia

Page 6: Malaysia Manufacturing Sector Trade Performance Weekly Bulletin/MITI_W… · Malaysia USD 2,464.9 Million Hong Kong USD 2,299.1 Million Singapore USD 1,959.7 Million Japan USD 1,669.0

MITI 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 : Bank Negara, Malaysia

Malaysian Ringgit Exchange Rate with Selected Countries,January 2016 - December 2017

US Dollar

Canadian Dollar

New Zealand Dollar

Swiss Franc

Saudi Riyal

Myanmar Kyat

4.3481

3.9045

4.4615

4.0780

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

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec

2016 2017

RM

USD 1 = RM

3.0559

3.0412

3.39523.4288

3.1935

2.80

2.90

3.00

3.10

3.20

3.30

3.40

3.50

Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec

2016 2017

RM

CAD 1 = RM

2.8405

2.6897

3.2126

2.8414

2.40

2.50

2.60

2.70

2.80

2.90

3.00

3.10

3.20

3.30

Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec

2016 2017

RM

NZD 1 = RM

4.3241

4.0507

4.4697

4.1296

3.80

3.90

4.00

4.10

4.20

4.30

4.40

4.50

4.60

Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec

2016 2017RM

CHF 1 = RM

115.8931

104.1130

118.9409

108.7387

95.0

100.0

105.0

110.0

115.0

120.0

125.0

Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec2016 2017

RM

SAR 100 = RM

0.3367

0.3468

0.2999

0.270

0.280

0.290

0.300

0.310

0.320

0.330

0.340

0.350

0.360

Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec

2016 2017

RM

MMK 100 = RM

Page 7: Malaysia Manufacturing Sector Trade Performance Weekly Bulletin/MITI_W… · Malaysia USD 2,464.9 Million Hong Kong USD 2,299.1 Million Singapore USD 1,959.7 Million Japan USD 1,669.0

MITI 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, and Bloomberg.

Commodity Prices

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

CRUDE PETROLEUM (BRENT)-per bbl-

12 Jan 2018 : US$69.9, 3.3%*Average Pricei : 2017: US$55.0 2016: US$45.3

CRUDE PALM OIL-per MT-

12 Jan 2018 : US$687.5, 1.8%*Average Pricei : 2017: US$719.7 2016: US$702.2

RUBBER SMR 20-per MT-

12 Jan 2018 : US$1,523.5, 4.6%*Average Pricei : 2017: US$1,646.6 2016: US$1,394.5

COAL -per MT-12 Jan 2018 : US$64.4, 1.2%Average Pricei : 2017: US$57.2 2016: US$45.6

COCOA SMC 2-per MT-

12 Jan 2018 : US$1,334.8, 2.5%*Average Pricei : 2017: US$1,439.0 2016: US$1,609.8

SCRAP IRON HMS-per MT-

12 Jan 2018 : US$420.0 (high), 7.7% US$400.0 (low), 5.3%Average Pricei : 2017: US$314.5 2016: US$243.2

HIGHEST and LOWEST 2017/2018

Highest 12 Jan 2018 : US$69.9 29 Dec 2017 : US$66.9

Lowest

5 Jan 2018 : US$67.6

23 June 2017 : US$45.5

Crude Petroleum

(Brent)-per bbl-

Highest 12 Jan 2018 : US$687.5 20 Jan 2017 : US$843.0

Lowest

30 June 2017 : US$650.0 5 Jan 2018 : US$675.6

Crude Palm Oil -per MT-

Domestic Prices12 Jan 2018

Steel Bars(per MT)

RM2,700 – RM2,850

Billets(per MT)

RM2,400 – RM2,450

SUGAR -per lbs-12 Jan 2018 : US¢ 14.2, 6.0%*Average Pricei : 2017: US¢15.8 2016: US¢18.2

Page 8: Malaysia Manufacturing Sector Trade Performance Weekly Bulletin/MITI_W… · Malaysia USD 2,464.9 Million Hong Kong USD 2,299.1 Million Singapore USD 1,959.7 Million Japan USD 1,669.0

MITI 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

Commodity Price Trends

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.

728.5733.0 731.0 734.0

714.0

692.5 693.0

676.5

661.0656.7

675.6

687.5

600

620

640

660

680

700

720

740

760

27 Oct 3 Nov 10 Nov 17 Nov 24 Nov 30 Nov 8 Dec 15 Dec 22 Dec 29 Dec 5Jan 12Jan

US$

/mt

Crude Palm Oil

1,615.0

1,488.5

1,561.9

1,501.71,517.2

1,443.6

1,259.8

1,320.6

1,320.1

1,329.4

1,301.8

1,334.8

1,200

1,250

1,300

1,350

1,400

1,450

1,500

1,550

1,600

1,650

27 Oct 3 Nov 10 Nov 17 Nov 24 Nov 30 Nov 8 Dec 15 Dec 22 Dec 29 Dec 5Jan 12Jan

US$

/mt

Cocoa

14.6

14.4

15.0

15.415.5

15.0

14.1

13.7

14.6

15.215.1

14.2

12.5

13.0

13.5

14.0

14.5

15.0

15.5

16.0

27 Oct 3 Nov 10 Nov 17 Nov 24 Nov 30 Nov 8 Dec 15 Dec 22 Dec 29 Dec 5Jan 12Jan

US¢

/lbs

Sugar

1,425.01,413.5 1,412.5

1,376.5

1,428.0

1,397.0

1,416.5

1,462.0

1,425.5

1,452.5 1,456.0

1,523.5

1,300

1,350

1,400

1,450

1,500

1,550

27 Oct 3 Nov 10 Nov 17 Nov 24 Nov 30 Nov 8 Dec 15 Dec 22 Dec 29 Dec 5Jan 12Jan

US$

/mt

Rubber SMR 20

6,90

0 7,08

8

7,11

3 7,28

1

6,91

7

6,85

1

6,73

0

6,33

7

6,08

5

5,96

5

4,51

6

3,98

4

4,36

6 4,60

5

4,17

0 4,47

4

4,46

3

3,97

4

2,95

0

3,47

6

4,11

4

2,500

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 Jun Jul Aug Sep

2016 2017

USD

/ to

nne

Black Pepper

Page 9: Malaysia Manufacturing Sector Trade Performance Weekly Bulletin/MITI_W… · Malaysia USD 2,464.9 Million Hong Kong USD 2,299.1 Million Singapore USD 1,959.7 Million Japan USD 1,669.0

MITI 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.

61.4

64.4 64.564.2

62.6

65.0 65.0 65.0 65.0

65.365.2

64.4

59.0

60.0

61.0

62.0

63.0

64.0

65.0

66.0

27 Oct 3 Nov 10 Nov 17 Nov 24 Nov 1 Dec 8 Dec 15 Dec 22 Dec 29 Dec 5Jan 12Jan

US$

/t

Coal

1,48

1 1,53

1 1,

531 1,

571

1,55

1 1,59

4 1,62

9 1,

639

1,59

2 1,

666

1,73

7 1,

728 1,

791

1,86

1 1,90

1 1,

921

1,91

3 1,

885

1,90

3 2,

030 2,

096 2,13

1 2,

097

2,08

0

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

Oct

Nov

Dec

2016 2017

US$/

tonn

e

Aluminium4,

472 4,59

9 4,

954

4,87

3 4,

695

4,64

2 4,86

5 4,

752

4,72

2 4,

731

5,45

1 5,66

0 5,

755 5,

941

5,82

5 5,

684

5,60

0 5,72

0 5,

985

6,48

6 6,

577 6,

808

6,82

7 6,

834

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

Oct

Nov

Dec

2016 2017

US$/

tonn

e

Copper

8,50

7 8,

299 8,

717

8,87

9 8,

660 8,92

8 10

,263

10

,336

10

,192

10

,260

11

,129

10

,972

9,

971

10,6

43

10,2

05

9,60

9 9,

155

8,93

2 9,

491

10,8

90

11,2

16

11,3

36 11

,972

11

,495

7,000

8,000

9,000

10,000

11,000

12,000

13,000

Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

Oct

Nov

Dec

2016 2017

US$/

tonn

eNickel

53.9

55.656.7 56.6

59.0 58.457.4 57.3

58.5

60.461.4

64.360.4

62.163.5

62.763.9 63.7 63.4 63.2

65.366.9

67.6

69.9

40

45

50

55

60

65

70

75

27 Oct 3 Nov 10 Nov 17 Nov 24 Nov 1 Dec 8 Dec 15 Dec 22 Dec 29 Dec 5Jan 12Jan

US$

/bbl

Crude Petroleum

CrudePetroleum(WTI)/bblCrudePetroleum(Brent)/bbl

Commodity Price Trends

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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.

922.0 920.0

930.0

941.0 940.0

933.0937.0

895.0

885.0

930.0

940.0

969.0

840.0

860.0

880.0

900.0

920.0

940.0

960.0

980.0

20 Oct 27 Oct 3 Nov 10 Nov 17 Nov 24 Nov 1 Dec 8 Dec 15 Dec 22 Dec 29 Dec 5Jan

US$

/oz

Platinum

320.0

340.0

320.0 320.0

330.0

350.0 350.0 350.0

395.0390.0 390.0

420.0

300.0

320.0

300.0 300.0

310.0

340.0 340.0 340.0

380.0 380.0 380.0

400.0

250

270

290

310

330

350

370

390

410

430

27 Oct 3 Nov 10 Nov 17 Nov 24 Nov 30 Nov 8 Dec 15 Dec 22 Dec 29 Dec 5Jan 12Jan

US$

/mt

Scrap Iron

ScrapIron/MT(High)ScrapIron/MT(Low)

41.88 46

.83

56.20 60

.92

55.13

51.98 57

.26 60.89

57.79

59.09

73.10

80.02

80.41

89.44

87.65

70.22

62.43

57.48

67.74

76.07

71.53

61.66 64.24

72.25

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

Oct

Nov

Dec

2016 2017

US$

/dm

tu

Iron Ore

16.7

17.2

17.117.2

17.1

16.4

15.8

16.1

16.3

17.0

17.3

17.1

15.0

15.5

16.0

16.5

17.0

17.5

27 Oct 3 Nov 10 Nov 17 Nov 24 Nov 1 Dec 8 Dec 15 Dec 22 Dec 29 Dec 5Jan 12Jan

US$

/oz

Silver

40.7 40.7

41.3 41.341.5

41.0

40.240.3

40.7

41.5

42.4

42.7

38.5

39.0

39.5

40.0

40.5

41.0

41.5

42.0

42.5

43.0

26 Oct 3 Nov 10 Nov 17 Nov 24 Nov 1 Dec 8 Dec 15 Dec 22 Dec 29 Dec 5Jan 12Jan

US$

/oz

Gold

Commodity Price Trends

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MITI PROGRAMMEThe 8th Malaysia-Singapore Leaders’ Retreat

15 - 16 Januari 2018

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MITI PROGRAMMEMITI Brainstorming 2018

14 - 15 Januari 2018

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MITI PROGRAMMEPerhimpunan Bulanan MITI & Agensi

11 Januari 2018

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Source: http://www.miti.gov.my/index.php/glossary

Amber BoxAll domestic support measures (i.e. subsidies) considered to distort production and trade (with some exceptions) fall into the amber box, which is defined in Article 6 of the Agriculture Agreement as all domestic supports except those in the blue and green boxes. These include measures to support prices, or subsidies directly related to production quantities.

These supports are subject to limits: “de minimis” minimal supports are allowed (5% of agricultural production for developed countries, 10% for developing countries); the 30 WTO members that had larger subsidies than the de minimis levels at the beginning of the post-Uruguay Round reform period are committed to reduce these subsidies.

The reduction commitments are expressed in terms of a “Total Aggregate Measurement of Support” (Total AMS) which includes all supports for specified products together with supports that are not for specific products, in one single figure. In the current negotiations, various proposals deal with how much further these subsidies should be reduced, and whether limits should be set for specific products rather than continuing with the single overall “aggregate” limits.

Anti-concentration ProvisionA provision that disallow developing countries from excluding an entire sector from tariff cuts. A minimum of 20% tariff lines or 9% of the value of imports in each tariff chapter would be subject to the full formula tariff reduction.

Anti-DumpingGATT’s Article 6 allows anti-dumping duties to be imposed on goods that are deemed to be exported below their normal prices, thus causing injury to producers of competing products in the importing country. These duties are equal to the difference between the goods export price and their normal value, if dumping causes injury.

APApproved Permit - is an import and export license issued by the Permit Issuing Agencies (PIAs) based on the Customs Act 1967.

APECAsia-Pacific Economic Cooperation - a forum for 21 Pacific-rim member economies that seeks to promote open trade and practical economic cooperation throughout the Asia-Pacific region. Cooperation is based on three pillars: trade and investment liberalization, business facilitation, and economic and technical cooperation. The primary goal is to support sustainable economic growth and prosperity in the region. .Established in 1989, membership comprises Australia; Brunei Darussalam; Canada; Chile; People’s Republic of China; Hong Kong, China; Indonesia; Japan; Republic of Korea; Malaysia; Mexico; New Zealand; Papua New Guinea; Peru; Philippines; Russia; Singapore; Chinese Taipei; Thailand; United States; and Viet Nam. APEC accounts for over 1/3 of world population, nearly 54% world GDP and 44% world trade.

APEC ForaAPEC has a number of different groups working in the areas of trade and investment liberalization and facilitation and economic and technical cooperation. Committees, ad-hoc groups, expert groups and working groups are known individually as a forum and collectively as fora.

APEC SecretariatThe main mechanism for supporting the APEC process, providing technical assistance, consultation and coordination of activities of APEC fora, while at the same time administering databases, information and communication, and outreach activities. The Secretariat plays a central role in the management of APEC projects and APEC’s annual budget. Its structure consists of: an Executive Director from a member economy with a fixed-term of three years; program directors seconded from member economies; and support staff. The decision to establish the APEC Secretariat with its office based in Singapore was adopted in 1992 at the APEC Ministerial Meeting in Bangkok, Thailand.

AMMAPEC Ministerial Meeting – a joint meeting of Ministers of Foreign Affairs and Ministers Responsible for Trade of APEC member economies organized annually. Meeting takes place right before the APEC Economic Leaders’ Meeting (AELM). At this Meeting, Ministers give their assessments and evaluations of APEC cooperation in the present year, endorse recommendations on cooperation from Senior Officials’ Meetings (SOM) and report to AELM for consideration and approval. MITI Minister participates this meeting under the capacity of Minister Responsible for Trade.

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Investment Incentives Portal (i-Incentives)I-Incentives is a portal that provides information on investment incentives offered by the Federal Government of Malaysia. The incentives information stored in the portal cater for all three sectors of the economy; manufacturing, services and primary. They also cover all types of incentives offered by the Federal Government; tax exemptions, grants, soft loans and other types of incentives such as equity funding, regional establishment status, training and other facilitation programmes.

The portal has been developed by Incentive Coordination and Collaboration Office (ICCO) in MIDA with the aim to improve the central coordination of all incentive offerings. This initiative is to enhance the effectiveness of the government’s incentive mechanism by increasing transparency, eliminating duplication and linking investment incentives to performance.

Visit i-Incentives portal at https://incentives.mida.gov.my

Contacts:

S.SivaDirectorIncentive Coordination and Collaboration Office (ICCO)

Level 19, MIDA Sentral No.5, Jalan Stesen Sentral 5 Kuala Lumpur Sentral 50470 Kuala Lumpur

E: [email protected], [email protected]

T: +603-22673502

Announcement

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Announcement

Please be informed that the Ministry of International Trade and Industry, (MITI) Malaysia in collaboration with the Ministry of Economy, Trade and Industry, (METI) Japan will be organising an export control seminar as per details below:

Date : 23 January 2018 (Tuesday)Time : 8.30 a.m - 3.30 p.mVenue : Intercontinental Kuala Lumpur

2. The seminar is intended to promote better compliance of export control and effective implementation of the Strategic Trade Act 2010 (STA). This seminar which is expected to host 150 representatives from government agencies and various industries in Malaysia will be a platform to provide guidance on the latest developments and initiatives by the relevant authorities in Malaysia and Japan.

3. Should you wish to participate, kindly register your attendance at this link: https://docs.google.com/forms/d/e/1FAIpQLScyh8NKNfU_SUYbHGgyzjhg0X0vjN2RkYMBStoBCbDzJVdElw/viewform?usp=sf_link

4. You may contact Ms. Nur Liyana Alwi (email: [email protected]) or Ms. Alice Simbun (email: [email protected]) for further inquiries.

Thank you.

NOTIFICATION ON THE IMPLEMENTATION OF e-FORM D ATIGA VIAASEAN SINGLE WINDOW (ASW) PLATFORM BY MALAYSIA – LIVE OPERATION PHASE

Pursuant to the notification on the implementation of e-form D ATIGA via ASW platform for live implementation phase (kindly refer to the link http://www.miti.gov.my/index.php/pages/view/3794), it is a pleasure to inform that Malaysia will be joining the live operation e-form D ATIGA phase starting 1 January 2018.Exporters are encouraged to use the e-form D ATIGA for preferential treatment under ATIGA during import clearance by importer for exportation to Indonesia, Singapore, Thailand and Vietnam.Attached herewith is the slide on ‘e-form D ATIGA via ASW platform’ as reference. For any further queries, please contact the help desk e-form D ATIGA: 03-6208 4747/4748/4749

Thank you.DirectorTrade and Industry Cooperation SectionMinistry Of International Trade and Industry18 December 2017

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MITI Weekly Bulletin | www.miti.gov.myAnnouncement

Withholding TaxFor more information on Withholding Tax, please visit LHDN’s website via this link: http://www.hasil.gov.my/bt_goindex.php?bt_kump=2&bt_skum=6&bt_posi=1&bt_unit=5&bt_sequ=1&bt_lgv=2

Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)

For more information on Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)please visit MITI’s website via this link: http://fta.miti.gov.my/index.php/pages/view/71?mid=40

Industry 4.0For more information on Industry 4.0, please visit MITI’s website via this link: http://www.miti.gov.my/index.php/pages/view/industry4.0?mid=559

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