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Malaysia Exports Fall In March

Malaysia's exports and imports decreased in March, data from the Department of Statistics showed on Monday.

Exports fell 4.7 percent year-on-year to MYR 80.1 billion in March. Economists had expected exports to decrease 8.0 percent.

Imports declined 2.7 percent annually to MYR 67.8 billion in March. Economists had forecast an annual fall of 5.4 percent.

As a result, the trade surplus came in at MYR 12.3 billion in March, which was above economists' expectations of MYR 12.0 billion.

On a monthly basis, exports declined by a seasonally adjusted 8.0 percent in March and imports fell 2.5 percent.

In the first quarter, exports rose 1.1 percent annually and imports increased 1.3 percent.

On a quarterly basis, exports fell 7.4 percent in the first quarter and imports declined by 8.9 percent.

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