Malaysia: June exports up 3.4% on-year, surprises survey

  • Aug 09, 2016

Malaysia: June exports up 3.4% on-year, surprises survey

Friday, 5 August 2016 – Malaysia’s exports delivered a strong set of numbers, up RM2.2bil or 3.4% to RM66.45bil ? surprising economists’ expectations of a 3.7% decline ? underpinned by a strong growth in electrical and electronics.

The Statistics Department said on Friday that E&E products increased RM1.1bil or 4.9% from RM23.1bil.

It added that refined petroleum products rose RM1.1bil or 34.9% from RM3.2bil due to the increase in export volume (+90.1%) as average unit value fell 29.0%. Timber and timber-based products recorded an of RM133.7mil or 8.1% from RM1.6bil.

On a month-on-month basis seasonally adjusted terms, exports increased RM6.5bil (up 10.6%) to RM67.9bil. Read More?