In September, exports rose 4.2% in USD terms over the same month last year, which contrasted the 8.9% drop observed in August (previously reported: -8.8% year-on-year). In addition, the print marked the largest increase since February and overshot market expectations. According to the Department of Statistics, the improvement was mainly due to higher shipments for petroleum products as well as for electronic goods. As a result, in the 12 months up to September, exports rose 2.1% over the same period the previous year (August: +3.2% yoy). Meanwhile, imports expanded 11.3%, contrasting the 1.9% drop recorded in August. Accordingly, imports grew 5.7% in annual terms in the last 12 months (August: +6.0% yoy). The trade surplus reached USD 2.2 billion in September. As a result, the 12-month moving sum of the trade balance reached USD 32.3 billion in September, which was smaller than the USD 33.3 billion surplus recorded in August.
Malaysia Trade Balance
Exports rebound in September
November 9, 2012
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Malaysia Trade Balance Chart
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.