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Malaysia exports up by 2.3%, imports rise 5.8% in March

byCustoms Today Report
07/05/2015
in Uncategorized
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KUALA LUMPUR: Malaysia’s March exports rose a surprising 2.3 per cent from a year earlier as demand for electronic products boosted shipments to China and the United States, government data showed on Thursday.

Imports in March rose 5.8 per cent from a year earlier due to more intermediate goods brought in before the implementation of a 6 per cent consumer tax on April 1.

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A Reuters poll had forecast exports would drop 3.9 per cent, while imports were expected to rise 1.0 per cent.

The trade surplus for the month widened to RM7.82 billion from a RM4.5 billion surplus in February.

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