In January, exports declined 1.8% in USD terms over the same month last year. The reading contrasted the previous month's 4.3% increase and undershot market expectations. In fact, the January print represents the first monthly contraction since September 2009. Exports suffered from lower external demand for electrical and electronic products as well as for crude petroleum. In part, the weaker result reflects the Chinese New Year holidays, which disrupted regional trade in January. Meanwhile, imports added only 1.0% in January, after increasing 8.7% in December, which constitutes the slowest expansion recorded since September 2009. As a result, the trade surplus widened from USD 2.6 billion in December to USD 2.8 billion in January. Trade figures were highly distorted by the Lunar New Year holiday as most of the Asian countries closed or reduced production during the break.
Malaysia Trade Balance
Exports contract for the first time in over three years
March 9, 2012
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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.