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Financial News: Malaysia Trade Surplus Grows Sharply In March

Malaysia Trade Surplus Grows Sharply In March

05/04/2018 - 00:12:00 (RTTNews)

(RTTNews) - Malaysia's foreign trade surplus increased notably in March from a year ago, as exports rose and imports plunged, figures from the Department of Statistics showed Friday.

The trade surplus rose to MYR 14.7 billion in March from MYR 5.4 billion in the corresponding month last year. The expected surplus for the month was MYR 9.5 billion.

Exports climbed 2.2 percent year-over-year in February, slightly faster than the 2.0 rise economists had forecast.

Meanwhile, imports dipped 9.6 percent annually in March, well above the expected fall of 3.2 percent.

The decline in imports was mainly attributed to intermediate goods, capital goods and consumption goods.

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