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Financial News: Malaysia Exports Rise Unexpectedly In July

Malaysia Exports Rise Unexpectedly In July

08/28/2020 - 03:38:00 (RTTNews)

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

Exports rose 3.1 percent year-on-year to MYR 92.5 billion in July, after a 8.0 percent increase in June. Economists had expected a 1.2 percent decline.

Imports declined 8.7 percent annually to MYR 67.4 billion in July, following a 5.6 percent fall in the previous month. Economists had forecast a fall of 5.5 percent.

The trade balance registered a surplus of MYR 25.1 billion in July. Economists had expected a surplus of MYR 15.9 billion.

On a monthly basis, exports rose 11.7 percent in July and imports increased 8.7 percent.

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