Home / Forex Analysis / Malaysia Exports Increases More Than Expected

Malaysia Exports Increases More Than Expected

Malaysia’s exports rose more than expected in August, data from the Department of Statistics showed on Tuesday.

Exports grew 18.4 percent year-on-year to MYR 95.6 billion in August. Economists had expected a rise of 14.6 percent.

Imports grew 12.5 percent annually to MYR 95.6 billion in August. Economists had forecast a increase of 24.5 percent.

The trade surplus totaled MYR 21.4 billion in August, which was above the expected level of MYR 11.8 billion, the agency said.

On a monthly basis, exports declined 1.8 percent in August and imports decreased 11.2 percent.

The material has been provided by InstaForex Company – www.instaforex.com