In July, exports fell 7.4% in USD terms over the same month last year. The reading contrasted both the 1.1% increase seen in June and market expectations. In addition, the July fall represents the steepest decline recorded since September 2009. According to the Department of Statistics, the deterioration was mainly due to lower shipments of palm oil and pam oil-based products as well as of liquefied natural gas. Meanwhile, imports rose 3.4% in July, which contrasted the 0.6% drop observed in June. As a result, the trade surplus narrowed to USD 1.1 billion in July, which represents a notable deterioration over the USD 3.1 billion surplus registered in the same month last year. The print marked, in fact, the lowest trade surplus seen since July 2002.
Malaysia Trade Balance
Trade surplus narrows to a 10-year low in July
September 7, 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.