Volume 167

22 November 2011

MALAYSIA - ECONOMIC TRENDS

Gross Domestic Product
Q3 2011 Q2 2011 Q1 2011 Q3 2010 % Change
Sectors
RM million (Q3 2011/Q3 2010)

GDP 150,325 144,898 140,911 142,134 5.8

Services 87,075 84,801 82,386 81,344 7.0

Manufacturing 41,330 39,959 39,156 39,306 5.1
Agriculture, Forestry and Fishing 11,989 10,828 9,606 11,082 8.2
Mining & Quarrying 9,019 8,862 9,763 9,609 -6.1
Construction 4,961 4,508 4,347 4,814 3.0

Gross Domestic Product and Annual Growth Rates

160 12
2009 2010 2011
10
140
8
120
6
100

% Growth (y-o-y)
4
RM billion

80 2

0
60
-2
40
-4
20
-6

0 -8
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
RM billion 121.6 127.5 135.0 137.9 133.9 139.0 142.1 144.5 140.9 144.9 150.3
Growth (y-o-y) -6.2 -3.9 -1.2 4.6 10.1 9.0 5.3 4.8 5.2 4.3 5.8

Gross Domestic Product By Economic Activities

January-September 2011 January-September 2010

Mining & Construction Mining &
Quarrying Quarrying Construction
RM13.8 bil. RM13.5 bil.
RM27.6 bil. (3.1%) RM29.6 bil.
(6.2%) (6.9%) (3.2%)

Agriculture Agriculture
RM32.4 bil. RM30.8 bil.
(7.2%) (7.2%)
Services
Manufacturing RM254.3 bil. Manufacturing, Services
RM120.4 bil. (56.7%) RM115.5 bil. RM237.8 bil.
(26.8%) (27.0%) (55.7%)

Total GDP: RM448.6 billion Total GDP: RM427.2 billion

Note: i) All figures have been rounded to the nearest decimal point
ii) Figures in parentheses refer to share of the activity to GDP

Source: Department of Statistics, Malaysia

MITI Weekly Bulletin | www.miti.gov.my

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Gross Domestic Product Growth Compared with Selected EU Economies
11 2010 2011

9
Growth (y-o-y)
7

-2
Q1 Q2 Q3 Q4 Q1 Q2 Q3
Malaysia 10.1 9.0 5.3 4.8 5.2 4.3 5.8
Germany 2.6 4.4 4.0 3.8 4.6 2.9 2.6
France 1.0 1.5 1.7 1.4 2.2 1.6 1.6
Netherlands 0.5 2.1 1.8 2.3 2.8 1.6 1.1
Spain -1.3 0.0 0.4 0.7 0.9 0.8 0.8
UK 0.9 2.2 2.6 1.3 1.6 0.6 0.5

Sources: Selected National Statistical Office (NSO) and Eurostat

Malaysia’s Annual Trade Performance with EU

160

140

120
RM billion

100

80

60

40

20

0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2010 2011
Jan - Jan -
Sept Sept
Export Import Total Trade

Malaysia’s Monthly Export and Import Performance with EU

7,000
2010 2011
6,500

6,000

5,500

5,000
RM million

4,500

4,000

3,500

3,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep

Export Import

Note: All figures have been rounded to the nearest decimal point.
Source: Department of Statistics, Malaysia

MITI Weekly Bulletin | www.miti.gov.my

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Malaysia’s Top Five Export Products to EU
2010 2011

1,000
900
800
700
600
RM million

500
400
300
200
100
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep

Electrical & Electronic Products Palm Oil Chemicals & Chemical Products
Crude Rubber Rubber Products

Malaysia’s Top Five Import Products from EU

2,000
2010 2011
1,800

1,600

1,400

1,200
RM million

1,000

800

600

400

200

0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep

Electrical & Electronic Products Machinery, Appliances & Parts Transport Equipment
Chemicals & Chemical Products Optical & Scientific Equipment

Note: All figures have been rounded to the nearest decimal point.
Source: Department of Statistics, Malaysia

Value and Number of Preferential Certificates of Origin (PCOs), 25 September to 13 November 2011
Value of Preferential Certificates of Origin Number of Certificates
MJEPA MPCEPA GSP
780
25 Sep 1,078 152 3,925
680 2 Oct 992 146 4,225
580 9 Oct 945 130 3,756
16 Oct 875 178 4,120
480
RM million

23 Oct 993 173 4,212

380 30 Oct 866 73 3,031
280 6 Nov 1,122 261 3,752
13 Nov 727 224 3,067
180
Note: The preference giving countries under the GSP scheme are
80 members of the European Union, Norway, Switzerland,
Belarus, the Russian Federation and Turkey.
-20
25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct 6 Nov 13 Nov • MJEPA: Malaysia-Japan Economic Partnership
Agreement (Implemented since 13 July 2006)
MJEPA 306 172 141 377 245 141 387 438
• MPCEPA: Malaysia-Pakistan Closer Economic Partnership
MPCEPA 85 146 88 232 145 29 285 273 Agreement (Implemented since 1 January 2008)
GSP 504 587 523 492 647 446 501 456
• GSP: Generalised System of Preference

MITI Weekly Bulletin | www.miti.gov.my

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 Value of Preferential Certificates of Origin Number of Certificates
AANZFTA AIFTA ATIGA ACFTA AKFTA AJCEP
1,000 25 Sep 1,258 528 5,836 1,164 581 117
900 2 Oct 1,123 536 4,953 1,008 776 95
800 9 Oct 1,030 396 5,433 1,087 595 148
700
RM million

16 Oct 1,097 388 5,317 1,087 572 164

600
23 Oct 1,108 427 4,469 1,097 620 119
500
30 Oct 962 303 4,283 1,038 507 138
400
6 Nov 1,008 365 5,413 1,020 669 183
300
13 Nov 864 324 4,813 727 605 132
200
100 • AANZFTA: ASEAN-Australia-New Zealand Free Trade Agreement
0 (Implemented since 1 January 2010)
25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct 6 Nov 13 Nov • AIFTA: ASEAN-India Free Trade Agreement
(Implemented since 1 January 2010)
AANZFTA 93 87 73 96 85 72 81 63
• ATIGA: ASEAN Trade in Goods Agreement
AIFTA 109 98 65 61 66 54 88 56 (Implemented since 1 May 2010)

ATIGA 718 843 678 770 751 699 670 867 • ACFTA: ASEAN-China Free Trade Agreement
(Implemented since 1 July 2003)
ACFTA 346 441 446 381 455 432 567 307 • AKFTA: ASEAN-Korea Free Trade Agreement
AKFTA 152 107 94 118 357 230 112 100 (Implemented since 1 July 2006)
• AJCEP: ASEAN-Japan Comprehensive Economic Partnership
AJCEP 24 29 51 58 29 24 80 37 (Implemented since 1 February 2009)

Value of Preferential Certificates of Origin Number of Certificates

1.8 MICECA MNZFTA
1.6 25 Sep 5 1
1.4
2 Oct 7 2
1.2
9 Oct 2 1
RM million

1.0
16 Oct 4 2
0.8
23 Oct 6 1
0.6
30 Oct 0 4
0.4
6 Nov 1 4
0.2
0.0 13 Nov 1 2
11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct 6 Nov 13 Nov
MICECA 0.14 0.78 1.18 0.16 0.19 1.65 0.75 0.0 0.04 0.03 • MICECA: Malaysia-India Comprehensive Economic
Cooperation Agreement (Implemented since 1 July 2011)
MNZFTA 0.1 0.1 0.1 0.3 0.1 0.1 0.0 0.3 0.3 0.10
• MNZFTA: Malaysia-New Zealand Free Trade Agreement
(Implemented since 1 August 2010)
Source: MITI

Commodity Prices Trend, August to November 2011

120 1,200
Crude Palm Oil
100 1,000
Crude Petroleum
80 800

60 Raw Sugar 600

US$/bbl
Scrap Iron
US$/MT
40 400

20 Iron Ore 200

0 0
12 19 9 19 23 30 7 14 21 28 4 11 18
Aug Aug Sep Sep Sep Sep Oct Oct Oct Oct Nov Nov Nov
Crude Petroleum/bbl 86 82 89 88 80 82 83 84 85 93 94 98 99
Crude Palm Oil /MT 1,074 1,068 1,107 1,099 1,077 1,026 1,007 982 996 1,008 1,053 1,034 1,062
Raw Sugar /MT 627 619 652 654 578 589 577 615 638 619 589 583 552
Iron Ore/MT 200 200 210 210 210 210 205 200 200 160 170 170 180
Scrap Iron/ MT 510 510 510 510 510 510 505 490 480 440 440 440 440

Sources: MITI, Malaysia Palm Oil Board, Malaysian Iron and Steel Industry Federation (MISIF), Bloomberg and Czarnikow Group

MITI Weekly Bulletin | www.miti.gov.my

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Weekly Commodity Prices
Commodity 18 Nov 2011 (US$) % Changei 2010* (US$) 2009* (US$) 2008* (US$)

Crude Petroleum
98.8 1.0 68.0-91.4 35.0-81.0 30.3-145.3
(per bbl)
Domestic price for
Crude Palm Oil November 2011 :
1,061.5 2.7 896.6 683.0 949.0
(per MT)
Billets (per MT):
Raw Sugar
551.8 5.4 594.6 412.3 305.0 RM2,000 - RM2,050
(per MT)
Iron Ore (Pellet) Steel bars (per MT):
180.0 5.9 162.3 108.5 196.7
(per MT) RM2,200 - RM2,350
Scrap Iron HMS
440.0 (High) Unchanged
1&2 (80:20 mix) 393.1 261.7 500.0
420.0 (Low) Unchanged
(per MT)
Note: * Average price in the year except otherwise indicated.
All figures have been rounded to the nearest decimal point.
i
Refer to % change from the previous week’s price.

Sources: MITI, Malaysia Palm Oil Board, Malaysian Iron and Steel Industry Federation (MISIF), Bloomberg and Czarnikow Group

Highest & Lowest Prices 2010/2011

2011 2010
Current Highest Lowest Highest Lowest
Crude Petroleum 98.8 112.7 80.3 91.4 68.0
(US$ per bbl) (18 November) (29 April) (23 September) (31 December) (21 May)

Crude Palm Oil 1,061.5 1,326.0 982.0 1,263.0 767.0

(US$ per MT) (18 November) (11 February) (14 October) (31 December) (5 February)

Note: All figures have been rounded to the nearest decimal point.
Compiled by: MITI

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