Malaysia Exports Fall Less Than Expected

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Monday, the Department of Statistics Malaysia announced that the exports decreased 22.8% year-on-year to MYR 48.87 billion in July. Economists' expected a decline of 24.4%.

At the same time, imports fell 16% to MYR 41.06 billion. Economists were looking for a decline of 21.5%.

Meanwhile, the trade surplus stood at MYR 7.81 billion in July, smaller than the MYR 9.6 billion surplus expected by economists. This was the 141st consecutive month of trade surplus since November 1997.

On a monthly basis, exports increased 8.4% in July. This was the biggest monthly export value in the first seven months of the year. Similarly, imports value climbed 14.2%.

During the January to July period, exports dropped 23.3% compared to the same period of the previous year, while imports fell 24.7%. During the period, the trade surplus amounted to MYR 67.05 billion.

Monday, the Department of Statistics Malaysia announced that the exports decreased 22.8% year-on-year to MYR 48.87 billion in July. Economists' expected a decline of 24.4%. (Market News Provided by RTTNews)