Malaysian Trade Surplus Narrows in July

In July of 2013, Malaysia’s trade surplus decreased to MYR 2.86 billion, from MYR 3.61 billion a year ago. Although imports increased at a faster pace than exports, shipments rebounded in July to the highest value since the beginning of the year, due to higher demand from China, Taiwan, Indonesia, Japan and Thailand.

In July, exports expanded 4.5 percent year-on-year to MYR 60.73 billion, due to higher shipments of liquefied natural gas, electrical and electronic products and primarily electronic integrated circuits. 

Exports of manufactured goods, with a share of 69.4 percent of total exports, expanded 4.5 percent year on year. Shipments of mining goods with a share of 20.8 percent, increased by 15.1 percent, while exports of agricultural goods with a share of 9.1 percent declined 12.8 percent.

Imports increased by 6.2 percent year-on-year to MYR 57.87 billion. Imports of intermediate goods rose 1.6 percent; imports of capital goods grew 8.3 percent and consumption goods expanded by 10.6 percent.

Malaysian Trade Surplus Narrows in July

Department of Statistics, Malaysia | Joana Taborda |
9/6/2013 9:49:06 AM