Malaysia has seen double-digit growth in exports over the past nine month.
Malaysia has seen double-digit growth in exports over the past nine month.

Malaysia Exports Below Forecast

Malaysia Exports Below Forecast

Malaysia’s September exports rose 14.8% from a year earlier, slowing in pace for the second month in a row, despite strong demand for manufactured goods in China and Europe.
Export growth was below the 18% rise forecast by a Reuters poll, and sharply down from 21.5% in August and July’s 30.9%, Reuters reported.
Malaysia has seen double-digit growth in exports over the past nine months, peaking at 32.5% in May. Shipments of manufactured goods, which accounted for more than four-fifths of Malaysia’s total exports, were up 17.1% from a year earlier in September, data from the International Trade and Industry Ministry showed.
Most of the manufactured goods were electrical and electronic products. Shipments of agricultural goods, however, declined 1.8% from a year earlier, the data showed.
September’s imports grew 15.2% from a year earlier to 69.7 billion ringgit ($1.61 billion), down from the 22.6% growth posted in August. The trade surplus in September narrowed to 8.6 billion ringgit from August’s 9.9 billion ringgit.
Malaysia reports trade data in ringgit. The currency has been one of Asia’s best-performing ones this year, strengthening about 6% this year.
Exports to China remained robust, rising 27.1% from a year earlier, while those to the United States grew 10.7%. Shipments to the European Union rose 16.2%, with exports of electrical and electronic products rising 28.5% from a year earlier to 4.4 billion ringgit, the highest monthly export value ever recorded.

Short URL : https://goo.gl/ek8ifL
  1. https://goo.gl/VdD5NN
  • https://goo.gl/JE6BS8
  • https://goo.gl/JQxKyS
  • https://goo.gl/5eJ4No
  • https://goo.gl/QLs5Mp

You can also read ...

Qatar Capable of Overcoming Siege Challenges
Qatar affirmed its ability to overcome the challenges of the...
Apple Inc won guarantees from the Trump administration that its lucrative iPhones would ship from China  without being subject to tariffs.
Big companies in the United States from Amazon.com Inc to...
Japan Inflation Inches Higher
Japan’s inflation picked up slightly in June, largely because...
Today, income inequality in the US is greatest among Asians. Asians displaced blacks as the most economically divided racial or ethnic group in the US.
The rich are getting richer and the poor are getting poorer in...
State-Actors Likely Behind Singapore Cyberattack
State-actors were likely behind Singapore’s biggest ever...
S&P Affirms Russia’s Stable Outlook
Standard & Poor’s said in a statement on Friday that it...
Argentina Making Fiscal Progress
Argentina is “unequivocally” making progress on its goals to...
Growing Inflation Looms Large Over India’s Economy
From rising crude oil prices to a poor start to rice-planting...

Add new comment

Read our comment policy before posting your viewpoints