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Malaysia’s exports and imports rise less than expected in Jan

by ChemOrbis Editorial Team - content@chemorbis.com
  • 06/03/2017 (12:27)
According to the Department of Statistics, Malaysia’s exports and imports climbed in January on a yearly basis, albeit at a slower than estimated rate.

The data showed that the country’s exports rose by 13.6% on an annual basis in January, which was slower than the economists’ forecasts of an increase of 15.5%. The largest contribution to the annual increase came from the shipments of electrical and electronic products and refined petroleum products, which increased year-on-year by 11.4% and 54.4% respectively in January.

Exports, however, decreased by 7% in January on a monthly basis.

The data also showed that the country’s imports increased by 16.1% year-on-year in January, which was higher than the estimates which called for an increase of 12%. The largest contribution to the rise in imports in January was from intermediate goods and capital goods.

However, imports were down by 2% in January month-on-month.

The trade surplus of the country was down to MYR 4.7 billion in January, down 12.6% from December.
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