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NewsUpdate Oct exports up 9.6% yoy, imports up 13.9%; Jan-Oct trade surplus at RM51b
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Update Oct exports up 9.6% yoy, imports up 13.9%; Jan-Oct trade surplus at RM51b
by hlk Fri 06 Dec 2013, 16:26
Business & Markets 2013
Written by Jeffrey Tan of theedgemalaysia.com
Friday, 06 December 2013 12:43
A + A - Reset
KUALA LUMPUR (Dec 6): Exports in October this year rose 9.6% year-on-year
(y-o-y) to RM67.11 billion while imports increased 13.9% y-o-y to RM58.88
billion, according to the Department of Statistics (DOS), Malaysia.
This was the fifth consecutive month of increase since June this year.
In a statement on its official website, the DOS said the higher imports were
contributed mainly by increases in imports of intermediate goods, by 13% or
RM3.9 billion.
It added that a higher trade was recorded in October with the People’s Republic
of China, which increased by RM2.78 billion.
Following China, trade with ASEAN was up RM1.47 billion, with Australia up
RM1.2 billion, with the European Union up RM1.18 billion, with Hong Kong up
RM637.4 million, with the Republic of Korea up RM636.9 million and with India
up RM516.8 million.
Malaysia’s total trade for October rose 11.6% y-o-y to RM125.98 billion.
For the January-October period this year, exports rose 0.9% y-o-y to RM591.83
billion while imports rose 6.3% y-o-y to RM540.38 billion.
The DOS said a trade surplus of RM51.45 billion for Jan-Oct 2013 was
recorded. Total trade for the period rose 3.4% y-o-y to RM1.132 trillion from
RM1.095 trillion.
Written by Jeffrey Tan of theedgemalaysia.com
Friday, 06 December 2013 12:43
A + A - Reset
KUALA LUMPUR (Dec 6): Exports in October this year rose 9.6% year-on-year
(y-o-y) to RM67.11 billion while imports increased 13.9% y-o-y to RM58.88
billion, according to the Department of Statistics (DOS), Malaysia.
This was the fifth consecutive month of increase since June this year.
In a statement on its official website, the DOS said the higher imports were
contributed mainly by increases in imports of intermediate goods, by 13% or
RM3.9 billion.
It added that a higher trade was recorded in October with the People’s Republic
of China, which increased by RM2.78 billion.
Following China, trade with ASEAN was up RM1.47 billion, with Australia up
RM1.2 billion, with the European Union up RM1.18 billion, with Hong Kong up
RM637.4 million, with the Republic of Korea up RM636.9 million and with India
up RM516.8 million.
Malaysia’s total trade for October rose 11.6% y-o-y to RM125.98 billion.
For the January-October period this year, exports rose 0.9% y-o-y to RM591.83
billion while imports rose 6.3% y-o-y to RM540.38 billion.
The DOS said a trade surplus of RM51.45 billion for Jan-Oct 2013 was
recorded. Total trade for the period rose 3.4% y-o-y to RM1.132 trillion from
RM1.095 trillion.
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