International News

Malaysia’s Feb exports expand 6.7 pct y/y, better than forecast

By Wednesday April 6th, 2016 No Comments

* Feb exports 6.7 pct y/y vs Reuters poll f’cast +3.1 pct
* Feb imports +1.6 pct y/y vs poll f’cast of -1.5 pct
* Trade surplus 7.35 bln rgt vs f’cast 6.31 bln rgt surplus
* Exports to China +12.0 pct y/y; U.S. +21.0 pct; EU +11.3 pct

KUALA LUMPUR, April 6 Malaysia’s annual exports grew in February, rebounding from a slump the previous month, due to larger shipments of electrical and electronic products, government data showed on Wednesday.

Exports in February rose 6.7 percent from a year earlier, more than double economists’ expectations of 3.1 percent growth. Exports in January declined 2.8 percent from a year earlier, falling for the first time since May 2015.

Imports in February also rose 1.6 percent from a year earlier, slowing down slightly from the previous month’s pace of 3.3 percent.

February’s trade surplus rose to 7.35 billion ringgit ($1.9 billion) compared with 5.39 billion ringgit in January.

Exports to the EU grew 11.3 percent, while U.S. exports rose 21 percent supported by higher exports of electrical and electronic products, particularly, photosensitive semi-conductor devices.

For a graphic on Malaysia’s exports and imports, click here

Capture

Capture2

Capture 2

Source: Reuters

 

 

Leave a Reply