Malaysia: Exports continue to slow in December
February 9, 2012
In December, exports rose 4.3% in USD terms over the same month the year before. The reading undershot both the previous month's 6.7% increase and market expectations. In fact, the December print represents the slowest expansion observed since November 2009. Exports suffered from lower external demand for electrical and electronic products. Meanwhile, imports grew 8.7% in December, after increasing 7.1% in November. As a result, the trade surplus narrowed further from USD 3.0 billion in November to USD 2.6 billion in December. In the full year 2011, exports expanded 16.6% over the previous year to USD 230 billion, while imports gained 16.4% to reach USD 190 billion, driving the trade balance to a surplus of USD 39.9 billion.