Malaysian Trade Surplus Jumps in August

In August, Malaysia’s trade surplus rose sharply to MYR 7.11 billion, from MYR 2.86 billion a month earlier. The increase is mainly due to higher shipments of oil and electronic products to China, Indonesia and Europe.

Exports rose by MYR 6.94 billion or 12.4 percent to MYR 62.9 billion compared with August 2012, the highest monthly outflow recorded for the first eight months of 2013. On month-on-month basis, exports increased by 3.6 percent, the third consecutive month of positive growth since June.

Increase in exports were recorded mainly to ASEAN, China, European Union, Australia and Brazil. The expansion in exports was driven mainly by higher sales of refined petroleum products (up by MYR 3.18 billion), electrical and electronic products primarily electronic integrated circuits (up MYR 1.56 billion), manufactures of metal (up MYR 1.51 billion) as well as chemicals and chemical products (up MYR 0.46 billion).

Imports increased by 14.1 percent to MYR 55.79 billion compared with August 2012. Imports of intermediate goods increased by 3.1 percent or MYR 940.6 million. Imports of capital goods rose by 3.2 percent or MYR 243.8 million and consumption goods up by 0.3 percent or MYR 12.9 million.

Malaysian Trade Surplus Jumps in August

Department of Statistics, Malaysia | Nuno Fontes |
10/4/2013 8:54:52 AM