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Malaysia's July exports exceed forecast with 1.7% growth to nearly RM88b

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Malaysia's July exports exceed forecast with 1.7% growth to nearly RM88b Others


KUALA LUMPUR: Malaysia’s July exports expanded by 1.7% to RM87.96bil from a year ago, exceeding a Bloomberg forecast of a 2.5% on-year decline.
 
The Minister of International Trade and Industry said in a statement on Wednesday it was the highest export value ever recorded for July.
 
“Expansion in exports was contributed mainly by higher exports to Taiwan, the United States (US), China and Singapore,” it said.
 
MITI said however, imports contracted by 5.9% to RM73.69bil, which was also above the forecast of a 7% decline.

   
     
       sourceThe star online

 
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