Malaysia: Exports rebound in May
July 4, 2012
In May, exports rose 4.0% in USD terms over the same month last year. The reading contrasted the previous month's 1.1% drop and market expectations. The rebound was driven by higher shipments for petroleum products as well as for liquefied natural gas. Meanwhile, imports rose a strong 13.3% in May, which was well above the 6.3% increase observed in April. As a result, the trade surplus shrank to USD 1.5 billion in May, which represents a notable deterioration over the USD 2.8 billion surplus registered in the same month last year.