Malaysia Trade June 2017


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.

FocusEconomics Consensus Forecast panelists expect exports to grow 6.5% in USD terms in 2017 and 5.8% in 2018.

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Malaysia Trade Chart

Malaysia Trade12m June 2017

Note: 12-month trade balance in USD billion and annual variation of the 12-month sum of exports and imports.
Source: Department of Statistics Malaysia (DSM) and FocusEconomics calculations.

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