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Financial News: Malaysia Exports Rise In January

Malaysia Exports Rise In January

02/26/2021 - 00:36:00 (RTTNews)

(RTTNews) - Malaysia's exports rose in January, data from the Department of Statistics showed on Friday.

Exports rose 6.6 percent year-on-year to MYR 89.6 billion in January. This was in line with economists' expectation.

Imports increased 1.3 percent annually to MYR 73.0 billion in January. Economists had forecast a fall of 0.5 percent.

The trade surplus totaled MYR 16.6 billion in January, which was below the expected level of MYR 17.0 billion.

On a monthly basis, exports declined 6.4 percent in January and imports decreased 2.7 percent.

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