Malaysia Trade Surplus Widens 94% in January over a Year Earlier


In the first month of 2014, Malaysian trade deficit increased to MYR 6.4 billion from MYR 3.2 billion a year earlier due to higher trade with China and the European Union.

Exports rose 12.3 percent on the year to MYR 64 billion, boosted by higher sales of electrical and electronic products (+ 14.6 percent yoy); liquefied natural gas (+ 26.6 percent); petroleum products (+ 10.0 percent); palm oil and palm oil-based products (+ 5.7% percent). In contrast, sales of crude petroleum and rubber fell on the year. 

Imports increased 7.2 percent year-on-year to MYR 57.8 billion due to purchases of intermediate goods, consumption goods and capital goods.

Compared with the previous month, the trade surplus narrowed sharply by 32 percent as imports rose 2.4 percent on higher purchases of intermediate goods while exports declined 2.7 percent.

Malaysia Trade Surplus Widens 94% in January over a Year Earlier


Department of Statistics, Malaysia | Joana Taborda | joana.taborda@tradingeconomics.com
3/7/2014 12:20:08 PM