Malaysia: Exports fall in April
June 6, 2012
In April, exports fell 1.1% in USD terms over the same month last year. The reading contrasted both the previous month's 0.2% expansion and market expectations. In fact, the April print represents the second contraction so far this year. The drop was driven by lower shipments of electrical and electronic products as well as of palm oil. Meanwhile, imports rose a stronger 6.3% in April, which was well above the mild 1.9% expansion observed in March. As a result, the trade surplus shrunk from USD 3.4 billion in March to USD 2.5 billion in April, which represents the smallest surplus since October 2010.