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Financial News: Malaysia Exports Increases More Than Expected

Malaysia Exports Increases More Than Expected

09/28/2021 - 01:46:00 (RTTNews)

(RTTNews) - Malaysia's exports rose more than expected in August, data from the Department of Statistics showed on Tuesday.

Exports grew 18.4 percent year-on-year to MYR 95.6 billion in August. Economists had expected a rise of 14.6 percent.

Imports grew 12.5 percent annually to MYR 95.6 billion in August. Economists had forecast a increase of 24.5 percent.

The trade surplus totaled MYR 21.4 billion in August, which was above the expected level of MYR 11.8 billion, the agency said.

On a monthly basis, exports declined 1.8 percent in August and imports decreased 11.2 percent.

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