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Malaysian Exports Rise 14.5% In February

Malaysia's merchandise exports increased from last year in February, data released by the Department of Statistics showed Tuesday.

Export of goods increased 14.5 percent annually to MYR56.87 billion in February. Shipments of electrical and electronic products rose 7.8 percent, helped by higher exports of storage units for data processing machines and telecommunication equipment and parts.

Dispatches of liquified natural gas climbed 36.1 percent annually, while exports of palm oil rose 7.9 percent. There was a 10.2 percent annual growth in shipments of chemicals and chemical products, and a 48.3 percent surge in exports of crude petroleum products.

The value of imports advanced 18 percent year-on -year to MYR46.29 billion during the month. Arrivals of electrical and electronic products moved up 3.7 percent year-on-year, while imports of chemical and chemical products climbed 20.9 percent. There was a 20.7 percent year-on-year increase in arrivals o machinery, appliances and parts during the month.

In the January-February period, Malaysia's exports increased 7.1 percent from the same period last year, while imports rose 10.2 percent, resulting in a trade surplus of MYR19.33 billion, the agency said.

by RTTNews Staff Writer

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