In June, exports rose 17.2% over the same month last year. The reading came in above the previous month's 13.8% increase and overshot market expectations. According to Statistics Malaysia, the expansion in exports was mostly due to higher shipments of palm oil, refined petroleum products and liquefied natural gas. Exports to ASEAN countries (Association of Southeast Asian Nations) Japan and China recorded strong gains, while shipments to the United States and the European Union declined, mainly due to lower exports of electronic and electrical goods. Imports accelerated from a 13.9% increase in May to a 14.8% expansion in June. As a result, the trade surplus narrowed further from USD 2.8 billion in May to USD 2.5 billion in June.
Malaysia Trade Balance
Exports pick up in June
August 4, 2011
Looking for forecasts related to Trade Balance in Malaysia? Download a sample report now.
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.