Malaysia: Export growth leaps up in July
September 6, 2017
In USD terms, exports grew 20.4% annually in July, significantly above June’s revised 5.5% increase (previously reported: +5.6% year-on-year). Rising export volumes of electronics and refined petroleum products contributed the most to the increase. Imports rebounded 12.0% year-on-year in July, contrasting June’s 0.4% decrease.
The trade balance came in at a USD 1.9 billion surplus in July, above the USD 0.5 billion surplus recorded in the same month last year. The 12-month moving sum of the trade surplus increased to USD 22.1 billion in July, above June’s USD 20.8 billion.