Malaysia: Exports slow in June
August 8, 2012
In June, exports rose 1.1% in USD terms over the same month last year. The reading followed the 4.0% increase seen in May and overshot market expectations. The slowdown was mainly due to lower shipments of electrical and electronic products. Meanwhile, imports fell 0.6% in June, which contrasted the 13.3% increase observed in May and marked, in fact, the lowest reading since September 2009. As a result, the trade surplus widened to USD 2.9 billion in June, which represents an improvement over the USD 2.6 billion surplus registered in the same month last year.