Malaysia’s exports rise 9.4% to record high of RM86.1b in July

September 5, 2018 6:58 AM

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PETALING JAYA: Malaysia's exports expanded 9.4% year-on-year (yoy) to a record high of RM86.1 billion in July, driven by stronger growth in the electrical and electronics (E&E) and crude petroleum segments, according to the Department of Statistics.

Re-exports in July 2018 was valued at RM18.7 billion and accounted for 21.7% of total exports. Domestic exports expanded 1.1% to RM67.5 billion.

Total trade stood at RM164.0 billion in July, 9.8% higher than the same month a year ago, while trade surplus widened 1.7% to RM8.3 billion.

Among the major groups that recorded increases for exports were E&E (+23.6%); crude petroleum (+90.1%); natural rubber (+3.3%); timber and timber-based products (+0.4%).

On a month-on-month (mom) basis, exports and imports increased 9.6% and 7.2%, respectively.

For the period of January-July 2018, total trade surpassed RM1 trillion and registered at RM1.1 trillion, an increase of 6.1% compared with the same period last year. Meanwhile, exports and imports grew 7.3% and 4.8%, respectively.

Source: thesundaily.my

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