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Financial News: Malaysia Exports Fall Unexpectedly In November

Malaysia Exports Fall Unexpectedly In November

01/02/2020 - 23:33:00 (RTTNews)

(RTTNews) - Malaysia's exports fell unexpectedly in November, and imports dropped at a slower-than-expected rate, data from the Department of Statistics revealed on Friday.

Exports declined 5.5 percent year-on-year to MYR 80.8 billion in November. Economists had expected exports to remain unchanged.

Imports fell 3.6 percent to MYR 74.3 billion. Economists had forecast an annual fall of 5.0 percent.

The trade surplus was MYR 6.5 billion in November, which was below economists' expectations of MYR 11.0 billion.

On a monthly basis, exports declined by a seasonally adjusted 11.2 percent in November, while imports rose 4.8 percent.

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