In December, exports increased 4.6% over the same month the previous year to a total of MYR 57.2 billion (USD 18.3 billion). The print represented a slight deceleration compared to November's 5.3% increase but contrasted market analyst expectations, which had exports contracting 0.9%. According to Statistics Malaysia, the increase in exports was mostly due to higher sales of commodities. The value of palm oil and palm oil-based exports rose 40.3% over the same month the previous year, which was boosted by a 48.9% price increase. In contrast, shipments of electrical and electronic products, which represent more than a third of total exports, contracted 6.8%. Meanwhile, imports picked up and expanded 11.5%, up from a 6.1% increase in November. As a result, the trade surplus widened from MYR 9.0 billion (USD 2.9 billion) in October to MYR 9.7 billion (USD 3.1 billion). Despite the sustained recovery, exports remain subdued, with the 3-month moving sum at MYR 165 billion (USD 52.9 billion), well below the MYR 186 billion (USD 55.8 billion) peak reached in September 2008. Based on monthly data, exports totaled USD 199 billion in the full year 2010, which represented a 26.3% expansion in USD terms.
Malaysia Trade Balance
Exports decelerate in December
February 11, 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.