[ad_1]
By Chester Tay
KUALA LUMPUR–Malaysia’s exports recorded double-digit development for the sixth straight month in January amid robust demand for semiconductor and palm oil-related merchandise.
Exports in January expanded 23.5% from a yr earlier to 110.73 billion ringgit ($26.44 billion) whereas imports rose 26.4% to MYR92.32 billion, information from the Ministry of Worldwide Commerce and Business confirmed Friday. The commerce surplus grew 10.9% to MYR18.4 billion.
Exports to China rose 28.7% to MYR16.88 billion, pushed by liquefied pure fuel, electrical and digital merchandise, it stated.
Shipments to the U.S. climbed 17.7% to MYR12.14 billion, underpinned by rising exports {of electrical} and digital merchandise, the division stated.
Imports development in January was primarily pushed by elements and equipment of capital items, significantly electrical equipment.
Beneath are the figures for Malaysia commerce information with main buying and selling companions in January.
Buying and selling Companion Worth (MYR'billion) On-12 months Progress Exports - Asean 30.8 25.0% - China 16.9 28.7% - US 12.1 17.7% - EU 9.2 14.6% - Japan 7.1 10.0% Imports - Asean 21.5 24.2% - China 23.12 37.6% - EU 7.27 40.0% - Japan 5.72 10.5% - US 6.37 13.3%
Write to Chester Tay at chester.tay@wsj.com
[ad_2]
Source link
