In September, exports rose 17.3% over the same month last year. The reading virtually mirrored the previous month's 17.2% increase but exceeded market expectations. The September print represented the 22nd consecutive month of double-digit growth. According to Statistics Malaysia, almost all major sectors recorded gains in October, in particular exports of liquefied natural gas, crude petroleum and electronics. Moreover, growth in exports benefited from higher shipments to Japan and China. Meanwhile, imports accelerated from a 12.9% increase in August to a 13.6% expansion in September. As a result, the trade surplus narrowed from USD 3.7 billion in August to USD 3.1 billion in September. However, the trade surplus in the third quarter expanded to USD 10.0 billion from USD 9.1 billion in the second, which suggests an improving net contribution of the external sector to third quarter GDP growth. Analysts reckon that the strong growth in exports seen so far this year may be drawing to an end as cooling global demand will dampen purchases of Malaysian goods. In addition, the floods that devastated Thailand are set to negatively impact shipments to that country in the coming months.
Malaysia Trade Balance
Exports continue to rise in September
November 4, 2011
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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.