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Malaysia’s exports and imports rise more than expected in March

by ChemOrbis Editorial Team -
  • 05/05/2017 (13:42)
According to the Department of Statistics, Malaysia’s exports and imports climbed more than expected year-on-year in March.

The data showed that the country’s exports rose by 24.1% on an annual basis in March, which was faster than the economists’ forecasts of an increase of 20%. The largest contribution to the annual increase came from the shipments of palm oil and palm oil based products by 25.3% and from shipments of electrical and electronic products by 21.2%.

The country’s exports also increased by 15.1% in March on a monthly basis.

The data also showed that the country’s imports increased by 39.4% year-on-year in March, which was higher than the estimates which called for an increase of 28.6%. The largest contribution to the rise in imports in March was from intermediate goods, capital goods and consumption goods.

Imports were also up by 22.5% in March month-on-month.

The trade surplus of the country decreased to MYR 5.4 billion ($1.24 billion) in March from MYR 11.2 billion ($2.58 billion) in the same month of last year. The estimated surplus for the month was MYR 9.35 billion ($2.15 billion)
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