World Economy
0

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.

 

Add new comment

Read our comment policy before posting your viewpoints

Financialtribune.com