World Economy

Malaysia Trade Surplus Widens

Malaysia Trade Surplus WidensMalaysia Trade Surplus Widens

Malaysia’s trade surplus in August rose to a whopping RM8.51 billion ($2.05 billion) from RM1.91 billion registered in July 2016 due to a record increase in exports to Asean, India, United States, Mexico, Turkey, Hong Kong and the European Union, Bernama reported. Malaysia’s exports in August was at a eight-month record high of RM67.58 billion, up 1.5%, from July’s exports of RM59.8 billion, the International Trade and Industry Ministry said in a statement Friday. Imports were higher by 4.9% to RM59.07 billion while trade registered a value of RM126.65 billion, an increase of 3%. From January to August 2016, trade totaled RM948.45 billion, with exports amounting to RM500.33 billion and imports totaled RM448.12 billion.


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