Malaysia’s exports and imports fall in Oct y-o-y
The data showed that the country’s exports declined by 8.6% on an annual basis in October, which was larger than the economists’ forecasts of a 5.6% decrease. However, on a monthly basis, exports increased by 1.7% in October.
Meanwhile, imports decreased by 6.6% year-on-year in October, which was a lot higher than the estimates which called for a small decrease of 0.1%. Imports were also down by 1.7% month-on-month.
Data showed that shipments of LNG plunged by 40.2% in October on a yearly basis while shipments of crude petroleum dropped by 27.9%. However, exports of electrical and electronic products increased by 1.7%.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- PET sellers hunt for signs of market bottom in Europe
- India’s import PP, PE markets rebound in Jan after several months of declines
- Tight supplies keep Asian PVC markets bullish
- Crude oil market sentiment turns in favour of bulls
- Will European PVC take a breather from 9-month downtrend in February?
- Supply limitations bolster Feb PP and PE outlook in Turkey
- China’s import PP markets climb to 6-month highs prior to Lunar New Year
- Weak activities press import PE, PP suppliers for discounts in Egypt
- Price erosion continues inside Middle Eastern polyolefins markets
- European PP, PE markets open 2023 with renewed drops