Malaysia Trade Surplus Rises to 20-Month High

In November of 2013, Malaysian trade surplus widened to MYR 9.72 billion, the highest surplus since March of 2012, as exports rose for the fifth consecutive month boosted by higher demand from China.

Exports increased 6.7 percent year-on-year to MYR 62.25 billion. Shipments of manufactured goods accounted for 68.3 percent of total exports in November, and showed an annual increase of 8 percent, mainly due to higher sales of electrical and electronic products, especially electronic integrated circuits, photosensitive semi-conductor devices and television reception apparatus. Exports of mining goods rose 12.6 percent, while shipments of agricultural goods declined by 7.8 percent.

Exports to ASEAN countries rose 4.2 percent, accounting for 25.4 percent of Malaysia’s total sales in November. Exports to China registered a double digit growth of 31.1 percent, shipments to Japan increased by 5.6 percent and those to the EU grew 14.5 percent. In contrast, sales to the US decreased 2.1 percent, mainly due to lower exports of parts and accessories for oscilloscope and spectrum analysis.

Imports increased 6.4 percent yoy to MYR 52.53 billion, mainly due to higher imports of intermediate goods, which increased percent. 

Malaysia Trade Surplus Rises to 20-Month High

Department of Statistics, Malaysia | Joana Taborda |
1/8/2014 10:48:23 AM