Malaysia – May External Trade (Revised)
03/07/2020 02:00 pm MYT
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With the release of more complete data, we provide an update for May’s external trade write-up.

 

In May, Malaysia recorded a trade surplus of RM10.4 bln. Total exports and imports plunged by 25.5% and 30.4% year-on-year to RM62.7 bln and RM52.3 bln respectively – see figure 1. Exports fell across the board, with all sectors recorded decreases – see table 1. Meanwhile, lower imports were mainly due to a 67.0% and 76.2% contraction in the imports of refined petroleum products; crude petroleum oil, and crude oils obtained from bituminous minerals.

Of the top 10 export destinations, exports to China rose 4.5% year-on-year, but mostly recorded double-digit contractions in the other 9 countries.

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