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NewsPetroleum, E&E products boost August exports by 12% to RM63bil
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Petroleum, E&E products boost August exports by 12% to RM63bil
by Cals Mon 07 Oct 2013, 00:29
Published: Saturday October 5, 2013 MYT 12:00:00 AM
Updated: Saturday October 5, 2013 MYT 12:36:09 PM
Petroleum, E&E products boost August exports by 12% to RM63bil
PETALING JAYA: The increase in the exports of petroleum products, electric and electronics goods has led to 12.4% rise in Malaysia’s exports to RM62.9bil in August compared with a year ago.
The exports of mining goods and agricultural goods also increased.
The exports performance was higher than the 4.7% market consensus estimates of aBloomberg survey.
Malaysia exports to China, European Union, and Asean countries increased in August, while exports to the United States and Japan contracted.
According to a statement issued by the Statistics Department yesterday, the country’s imports increased 14.1% to RM55.79bil from a year ago due to higher intermediate goods.
The total trade for August amounted to RM118.69bil, a 13.2% increase compared with August 2012.
“The August 2013 data is provisional and subject to revision in later issue,” Statistic department said in the same statement.
On monthly basis, exports increased 3.6% in August compared to July.
However, in terms of cumulative year-to-date, exports fell 0.8% to RM461.44bil while imports increased 5.8% to RM426.89bil, which resulted in a trade surplus of RM34.55bil.
Updated: Saturday October 5, 2013 MYT 12:36:09 PM
Petroleum, E&E products boost August exports by 12% to RM63bil
PETALING JAYA: The increase in the exports of petroleum products, electric and electronics goods has led to 12.4% rise in Malaysia’s exports to RM62.9bil in August compared with a year ago.
The exports of mining goods and agricultural goods also increased.
The exports performance was higher than the 4.7% market consensus estimates of aBloomberg survey.
Malaysia exports to China, European Union, and Asean countries increased in August, while exports to the United States and Japan contracted.
According to a statement issued by the Statistics Department yesterday, the country’s imports increased 14.1% to RM55.79bil from a year ago due to higher intermediate goods.
The total trade for August amounted to RM118.69bil, a 13.2% increase compared with August 2012.
“The August 2013 data is provisional and subject to revision in later issue,” Statistic department said in the same statement.
On monthly basis, exports increased 3.6% in August compared to July.
However, in terms of cumulative year-to-date, exports fell 0.8% to RM461.44bil while imports increased 5.8% to RM426.89bil, which resulted in a trade surplus of RM34.55bil.
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