Financial News: Malaysia Trade Surplus Grows In November

Malaysia Trade Surplus Grows In November

12/18/2024 - 01:26:00 (RTTNews)

(RTTNews) - The Malaysian foreign trade surplus increased in November from a year ago as exports grew faster than imports, data from the statistical office showed on Wednesday.

The trade surplus rose to MYR 15.3 billion in November from MYR 12.1 billion in the same month last year. The surplus also rose from MYR 11.9 billion in October.

Exports climbed 4.1 annually in November, driven by a 10.3 percent surge in domestic exports. On the other hand, re-exports showed a decrease of 18.7 percent.

Data showed that imports grew at a slower pace of 1.6 percent annually versus a 2.7 percent rise in October.

On a seasonally adjusted basis, exports increased 2.0 percent over the month, while imports dropped by 2.5 percent.

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