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Financial News: Malaysia Exports Rise Unexpectedly

Malaysia Exports Rise Unexpectedly

02/04/2020 - 03:10:00 (RTTNews)

(RTTNews) - Malaysia's exports rose unexpectedly in December and imports increased at a slower-than-expected rate, data from the Department of Statistics revealed on Tuesday.

Exports rose 2.7 percent year-on-year to MYR 86.4 billion in December. Economists had expected a fall of 1.0 percent.

Imports increased 0.9 percent to MYR 73.8 billion. Economists had forecast an annual rise of 1.7 percent.

The trade surplus was MYR 12.6 billion in December, which was above economists' expectations of MYR 9.10 billion.

On a monthly basis, exports grew by a seasonally adjusted 8.5 percent in December, while imports declined 1.6 percent.

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