M’sian ex­ports in Au­gust up 1.5% year-on-year

The Sun (Malaysia) - - SPEAK UP -

PE­TAL­ING JAYA: Malaysia’s ex­ports grew 1.5% or RM1.0 bil­lion to RM67.6 bil­lion in Au­gust from a year ago due to in­creases in ship­ments of palm oil and palm-based prod­ucts, elec­tri­cal and elec­tronic prod­ucts, crude petroleum, and tim­ber and tim­ber-based prod­ucts.

On a month-on-month ba­sis, ex­ports rose 12.9% or RM7.7 bil­lion from RM59.9 bil­lion, the Statis­tics De­part­ment said.

The rise in ex­ports was mainly due to in­creased ship­ments to China, In­dia, Sin­ga­pore, Euro­pean Union and the US. In sea­son­ally ad­justed terms, ex­ports rose 9%.

Im­ports in­creased 4.9% or RM2.7 bil­lion to RM59.1 bil­lion in Au­gust 2016 on a year-on-year ba­sis, mainly at­trib­uted to in­ter­me­di­ate goods, cap­i­tal goods and con­sump­tion goods.

On a month-on-month ba­sis, im­ports grew 1.9% or RM1.1 bil­lion from RM57.9 bil­lion in July. Higher im­ports were mainly from China, Saudi Ara­bia, Viet­nam, In­dia and In­done­sia. In sea­son­ally ad­justed terms, im­ports ex­panded 7.2%.

To­tal trade in Au­gust saw a growth of 3.0% or RM3.7 bil­lion from a year ago.

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