Malaysian Trade Surplus Narrows in June

In June of 2013, Malaysian trade surplus narrowed to MYR 4.32 billion, from MYR 9.2 billion recorded a year ago. While exports shrank by 6.9 percent from a year earlier as shipments of electronics and palm oil remained sluggish, imports increased 1.3 percent.

Exports reached MYR 56.75 billion. Decrease in exports were recorded mainly to China, South Korea, Japan, Taiwan and the USA. The lower exports was mainly due to reduced exports of E&E products mainly electronic integrated circuits; optical and scientific equipment and palm oil.

Exports of manufactured goods, with a share of 68.9 percent of total exports, declined by 5.9 percent year-on-year, while shipments of mining goods increased by 1.2 percent. Exports of agricultural goods was lower by 6.1 percent.

Imports reached MYR 52.43 billion. Imports of intermediate goods increased by 3.5 percent; capital goods contracted by 5.7 percent and consumption goods increased by 2.4 percent. 

For the first half of 2013, exports declined by 3.8 percent to MYR 337.82 billion while imports expanded by 4.4 percent to MYR 313.23 billion. Trade surplus of MYR 24.58 billion was recorded for the period.

Malaysian Trade Surplus Narrows in June

Department of Statistics, Malaysia | Joana Taborda |
8/5/2013 9:57:53 AM