In April, exports climbed 18.3% over the same month the previous year to reach USD 19.2 billion. The reading virtually mirrored the previous month's figure but overshot market expectations. In addition, the 3-month moving sum of exports reached USD 57.3 billion, which was above the USD 56.0 billion registered in March and exceeded for the first time the pre-crisis peak of USD 56.5 billion recorded in July 2008. According to Statistics Malaysia, the expansion in exports was mostly due to an increase in shipments of liquefied natural gas (LNG), palm oil and refined petroleum. Exports to Japan soared due to rising shipments of LNG, reflecting the increased demand as Japan needs to find substitutes for the temporary shortfall in nuclear power. In contrast, exports to China and ASEAN slowed somewhat compared with the previous month's figure. Meanwhile, import growth moderated from a 22.8% expansion in March to a 16.5% increase in April. As a result, the trade surplus narrowed to USD 3.7 billion from USD 4.5 billion in March.
Malaysia Trade Balance
External sector gains momentum
June 3, 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.