Malaysia: Export growth slows in June
August 4, 2017
Exports in USD terms grew 5.6% annually in June, which was notably below May’s 23.3% increase. Falling shipments of petroleum products were chiefly behind the slowdown. Imports fell 0.4% in June, contrasting May’s 21.4% increase.
The trade balance came in at a USD 2.3 billion surplus in June, above the USD 1.3 billion surplus recorded in the same month last year. The 12-month moving sum of the trade surplus increased to USD 20.6 billion in June, above May’s USD 19.6 billion.