In March, Malaysia's exports reached MYR 65.03 billion driven by 8.5 percent increase in shipments of manufactured goods including electronic products, apparatus for transmission or reception of voice, images and data and parts and accessories for telecommunication apparatus. Mining and aricultural products shipments were also higher by 11 percent and 4 percent respectively.
Exports to the Southeast Asian grew 10.9 percent, boosted by sales of refined petroleum products, palm oil, electrical and electronic products, optical and scientific equipment and chemical products. Higher sales were also recorded for the European Union (14.1 percent) and the United States (5.2 percent). In contrast, exports to China and Japan declined 1.8 percent and 1.0 percent respectively.
Imports increased 0.5 percent to MYR 55.43 billion. While purchases of electronics fell 1.0 percent, higher imports were recorded for refined petroleum products (13.1 percent) and chemicals (13.7 percent).
In the first quarter of 2014, trade surplus reached MYR 26.39 billion, an increase of 61.4 percent from the corresponding period in 2013.
Compared with the previous month, trade surplus narrowed 8 percent.