Malaysia Trade Surplus Widens in April

Malaysian trade surplus increased sharply to MYR 8.87 billion in April of 2014 from MYR 1.04 billion a year earlier. Exports grew 18.9 percent year-on-year and marked the tenth consecutive month of export growth since July of 2013.

Exports amounted to MYR 66.37 billion in April. Sales of manufactured goods increased 18 percent, mainly due to higher exports of electrical and electronic products (+22 percent), especially electronic integrated circuits. Sales of mining goods rose 33.9 percent, boosted by exports of refined petroleum products and liquefied natural gas. In contrast, shipments agricultural goods decreased 1.5 percent, hurt by lower sales of palm oil and crude rubber.

Exports to the ASEAN countries expanded 17.5 percent, sales to China rose 13.1 percent, those to japan increased 16.5 percent and shipments to the European Union surged 20.7 percent. 

Total imports grew 5 percent year-on-year to MYR 57.5 billion.  

Malaysia Trade Surplus Widens in April

Department of Statistics, Malaysia | Joana Taborda |
6/6/2014 10:59:03 AM