In August, exports fell 8.8% in USD terms over the same month last year, which came in below the 7.4% drop seen in July and undershot market expectations. In addition, the fall represents the steepest decline recorded since September 2009. According to the Department of Statistics, the deterioration was mainly due to lower shipments in all the major subcategories, including petroleum products as well as electrical and electronic goods. Meanwhile, imports fell 1.9% in August, which contrasted the 3.4% rise observed in July. As a result, the trade surplus narrowed to USD 2.3 billion in August, which represents a remarkable deterioration over the USD 3.7 billion surplus registered in the same month last year.
Malaysia Trade Balance
Exports continue to plummet in August
October 5, 2012
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Malaysia Trade Balance Chart
Malaysia Economic News
October 12, 2016
Industrial production increased 4.9% in August from the same month last year.
October 7, 2016
Exports in USD terms rose 3.3% annually in August, which was a sharp improvement over July’s 8.9% contraction (previously reported: -8.7% year-on-year).
September 23, 2016
In August, consumer prices rose 0.43% over the previous month, which was slightly up from the 0.26% increase registered in July, according to the Department of Statistics Malaysia.
September 16, 2016
The ringgit has had a tumultuous week as a combination of factors, both domestic and external, have impacted the currency.
September 10, 2016
Industrial production increased 4.1% in July over the same month last year.