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Malaysia Trade Surplus Shrinks As Export Growth Slows To 6%

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Malaysia's trade surplus increased in December as export growth eased sharply, data from the statistical office showed on Wednesday.

The trade surplus dropped to MYR 27.76 billion in December from MYR 31.48 billion in the same month last year. In November, the trade surplus was MYR 21.75 billion.

Exports increased 6.0 percent yearly in December, much slower than the 15.1 percent surge in November.

The overall increase in exports was mainly driven by re-exports, up 25.5 percent, while domestic exports rose only 2.0 percent from a year ago.

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