Malaysia Reports the Lowest Trade Surplus in Nearly 16 Years

In April of 2013, Malaysian trade surplus narrowed 81 percent over the previous month and 87 percent over the same month last year. Exports shrank for the third month in a row, hurt by lower demand from China and Japan. Imports climbed fueled by increasing domestic demand.
Department of Statistics, Malaysia | Joana Taborda | 6/7/2013 11:12:57 AM
Exports valued at 55.81 billion MYR, decreased by 3.3 percent compared with April of 2012. The lower shipments was mainly due to reduced exports of crude petroleum, electrical and electronic products, primarily electronic integrated circuits as well as petroleum products. 

However, higher exports were recorded for machinery, appliances and parts, mainly pumps, compressors, fans and parts; chemicals and chemical products, primarily hydrocarbons and their derivatives as well as processed food.

Decline in exports were recorded mainly to China, Australia and Japan. 

Imports in April 2013 increased by 9.2 percent to 54.87 billion MYR compared with April of 2012. Imports of intermediate goods expanded by 7.2 percent and imports of capital goods increased by 1.4 percent due mainly to the import of 2 units of aircraft. Consumption goods increased by 12.3 percent with higher imports of milled rice.

On a month-over-month basis, exports shrank by 7 percent and imports declined 0.1 percent. 

Malaysia's trade surplus fell to 943.2 million Malaysian ringgit in April from 5.08 billion ringgit in March.

Malaysia Reports the Lowest Trade Surplus in Nearly 16 Years