In March, exports climbed 18.2% over the same month the previous year, to reach USD 21.1 billion. The reading represents a slight moderation compared to February's 24.2% increase, but overshot market expectations. Moreover, the three-month moving sum of exports reached USD 56.0 billion, which was well above the USD 53.2 billion registered in February, and not far from the pre-crisis peak of USD 56.5 billion recorded in July 2008. According to Statistics Malaysia, the increase in exports was mostly due to higher shipments of electrical and electronic products, which represent more than a third of total exports, as well as refined petroleum and palm oil. Geographically, China remained the most important export destination and breached a new record. Meanwhile, imports slowed from a 25.2% expansion in February to a 22.8% increase in March. As a result, the trade surplus widened from USD 4.1 billion in February to USD 4.5 billion.
Malaysia Trade Balance
Exports hit record high in March
May 6, 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.