Malaysia’s exports and imports rise less than expected in Jan
by ChemOrbis Editorial Team - content@chemorbis.com
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.
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.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- March hints at further hikes in European PP, PE markets
- India’s PVC market dips to new lows on Taiwan’s March cuts, players seek signs of bottom
- Q1 turnarounds uplift Mid-East PP, PE markets in February; will it spill over to March?
- SE Asia’s indefinite PE shutdowns: A market in crisis as demand woes threaten survival
- Türkiye’s PPH markets perform better than copolymers in February
- Margin recovery priorities outweigh supply imbalances in European PVC markets
- Asian PVC demand stagnant; recovery hopes shift to end of Q1
- Tough slog in S Korea’s petchem industry spells disappointing 2024 financial results; will government's recent plan help weather the storm?
- China’s PP, PE markets face post-holiday supply surge and tepid demand
- A tug-of-war unfolds in Türkiye as PVC demand struggles against rising costs
