Malaysia: Exports rebound strongly in February
April 10, 2012
In February, exports jumped 14.7% in USD terms over the same month last year. The reading contrasted the previous month's 1.7% decline and overshot market expectations. In fact, the February print represents the strongest gain in five months. Exports benefited from higher shipments for electrical and electronic products as well as for crude petroleum and liquefied natural gas. However, the stronger rebound partially reflects the Chinese New Year holidays, which disrupted regional trade in January and February. Meanwhile, imports climbed 18.8% in February, after adding only 0.8% in January, and constitutes the fastest expansion recorded since March 2011. As a result, the trade surplus widened from USD 2.8 billion in January to USD 3.4 billion in February.