In August, exports rose 17.2% over the same month last year. The reading came in above the previous month's 14.6% increase and exceeded market expectations. The August print represented the 21st consecutive month of double-digit growth. According to Statistics Malaysia, the August increase was mostly driven by higher shipments of fixed vegetable oils and fats, crude as well as gas. Moreover, growth in exports benefited from higher shipments to China and the European Union. Meanwhile, imports accelerated from a 10.2% increase in July to a 12.9% expansion in August. As a result, the trade surplus widened from USD 3.1 billion in July to USD 3.7 billion in August, which bodes well for an improving net contribution of the external sector to third quarter GDP growth.
Malaysia Trade Balance
Exports pick up in August
October 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.