Malaysia’s September exports rise 13.6pct y/y, fastest in nearly two years

29-Oct-2020 Intellasia | Reuters | 6:02 AM Print This Post

Malaysian exports jumped 13.6 percent in September from a year earlier, rising at their fastest pace in nearly two years amid a surge in demand for manufactured and agricultural goods, particularly palm oil and rubber, government data showed on Wednesday.

The jump was the highest since October 2018, when exports had risen 17.7%, and also beat analysts’ expectations of a 5.5 percent growth in a Reuters poll. In August, exports had fallen 2.9%. [nB8N29J02P]

Imports in September shrank by 3.9 percent from a year earlier, slowing from the 6.5 percent decline in the prior month, the data showed. Analysts had expected a fall of 3.8%.

Malaysia’s trade surplus in September widened to 22 billion ringgit ($5.28 billion) from 13.2 billion ringgit the previous month.

($1 = 4.1630 ringgit)

https://www.reuters.com/article/malaysia-economy-trade/malaysias-sept-exports-rise-136-y-y-fastest-in-nearly-two-years-idUSB8N2DT00T

 

Category: Malaysia

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