Malaysia: Export growth picks up pace in October
December 7, 2017
In October, exports grew 18.3% year-on-year, picking up from September’s 13.3% expansion and again achieving double-digit annual growth. Electrical and electronic product exports drove the robust print; exports of refined petroleum products also rose considerably. Import growth sped up in October to 20.3%, up from 13.7% in September.
The trade surplus came in at USD 2.5 billion in October, up from the USD 2.4 billion surplus recorded in the same month of the prior year, and above the USD 2.1 billion surplus registered in September. The 12-month moving sum of the trade surplus increased to USD 22.7 billion in October, up slightly from USD 22.5 billion in September and the strongest result since July 2016.
Author: Jan Lammersen, Economist