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External Trade – December 2011
by Cals Tue 14 Feb 2012, 09:22
External Trade – December 2011
Sustainable export growth from Asia
Above expectation – December’s export and import rose to RM 60.74 billion and RM 52.43 billion respectively to end at RM 8.31 billion of trade surplus. Trade surpluswas slightly above our forecast of RM 7-8 billion. We believe surge in exports are due to the higher demand from countries, which hit by the natural disaster namely Australia, Japan and Thailand. The demand also came
from developing nations like Indonesia, Republic of Koreaand China. Among exports goods that received higher demand in December were petroleum-based products, electrical & electronic goods, palm oil-based products, miscellaneous and etc.
External trade expected to rise for Jan – We are optimistic that consumer sentiment and Asian economy remain strong despite drawback of Eurozone debt’s crisis and slow recovery of the U.S. economy. Thus, we forecast January exports to expand at 10-11% y-o-y whilst imports to shrink to 8-9% y-o-y. This translates into trade surplus approximately of RM 11-12billion.
Sustainable export growth from Asia
Above expectation – December’s export and import rose to RM 60.74 billion and RM 52.43 billion respectively to end at RM 8.31 billion of trade surplus. Trade surpluswas slightly above our forecast of RM 7-8 billion. We believe surge in exports are due to the higher demand from countries, which hit by the natural disaster namely Australia, Japan and Thailand. The demand also came
from developing nations like Indonesia, Republic of Koreaand China. Among exports goods that received higher demand in December were petroleum-based products, electrical & electronic goods, palm oil-based products, miscellaneous and etc.
External trade expected to rise for Jan – We are optimistic that consumer sentiment and Asian economy remain strong despite drawback of Eurozone debt’s crisis and slow recovery of the U.S. economy. Thus, we forecast January exports to expand at 10-11% y-o-y whilst imports to shrink to 8-9% y-o-y. This translates into trade surplus approximately of RM 11-12billion.
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