Malaysia trade surplus narrows in SeptemberStaff Writer | November 5, 2016
Malaysia posted a MYR 7.6 billion trade surplus in September of 2016, compared to a MYR 9.7 billion surplus a year.
Asia Exports rose from Malaysia to the U.S.
Sales decreased for: crude petroleum (-26.8% to MYR 1.8 billion, 2.7% share), LNG (-20.0% to MYR 2.7 billion, 3.9% share), timber and timber based products (-11.5%) and natural rubber (-17.8%).
In contrast, outbound shipments increased for: refined petroleum products (+5.5% to MYR 4.9 billion, 7.2% share), palm oil and palm based products (+6.3% to MYR 4.6 billion, 6.7% share) and electrical & electronic products (+0.3% to MYR 26.2 billion, 38.5% share).
Exports rose to the U.S. (+5.0% to MYR 6.9 billion) and Singapore (+6.3% to MYR 10.4 billion). In contrast, sales dropped to China (-1.0% to MYR 9.0 billion), Japan (-11.7% to MYR 5.4 billion) and Thailand (-2.6% to MYR 3.6 billion).
Imports fell 0.1% to MYR 60.5 billion, compared to a 4.9% growth in the preceding month and less than consensus of a 0.9% fall.
Purchases went down for: capital goods (-5.6%, due to both capital goods except for transport equipment: -9.8%) and consumption goods (-4.8%, due to food & beverages processed, mainly for household: -12.7% and semi-durables: -5.1%).
In contrast, inbound shipments rose 6.2% for intermediate goods, largely due to industrial supplies, processed: +13.4%) and fuel & lubricants, primary: +159.8%). ■