Economics

Analysis of decline in Exports and Imports from 2000 to 2001

In 2001, the major trading countries experienced a global slowdown which resulted in declines in performance in trade, manufacturing, investments and productivity. Malaysia was not spared and was adversely affected by the slowdown. This can be seen from the economic data sheet which registered declines of 10.4 % in exports and 10% decline in imports.

Analysis of Exports

As can be seen from the extracted data (refer to table 1 below), the main sectors contributing to the decline from year 2000 to year 2001 are the following:

1. Vegetable products

2. Mineral products

3. Wood and wood products

4. Textile and textile articles

5. Pearls, precious or semiprecious stones, metals

6. Machinery, mechanical appliances and electrical equipment and

7. Miscellaneous manufactured articles

|Exports, by HSC |2000 |2001 |Diff |%Diff |

|Animal and animal products |1849 |1827 |-22 |-1.2% |

|Vegetable products |1357 |1174 |-183 |-13.5% |

|Animal or vegetable fats |12158 |11761 |-397 |-3.3% |

|Prepared foodstuffs |4271 |4637 |366 |8.6% |

|Mineral products |36350 |32779 |-3571 |-9.8% |

|Chemical products |11128 |11197 |68 |0.6% |

|Plastics and rubber |14590 |13443 |-1147 |-7.9% |

|Hides and skins...