Malaysia's exports up 18.9% in October on higher demand for E&E products

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KUALA LUMPUR: Malaysia’s exports saw a stronger year-on-year growth of 18.9% to RM69.3 billion for October 2017, driven by higher demand for electronics and electrical (E&E) as well as crude petroleum products.

On a month-on-month basis, exports increased RM4.2 billion or 5.3% from RM78.3 billion.

The strong export performance in October 2017 was underpinned by higher exports across major sectors namely E&E products (+16.9%), petroleum products (+21.4%), chemicals and chemical products (+17.5%) as well as palm oil and palm-oil based agriculture products (+7.9%).

Total trade in October 2017 increased 19.8% to RM154.3 billion compared with the same month last year.

Meanwhile, a trade surplus of RM10.6 billion was recorded in October 2017, rising RM678.3 million or 6.9% from RM9.9 billion registered a year ago. It also increased RM2.0 billion or 22.7% when compared to the previous month.


Read the original story on: TheSunDaily.My