Malaysia's August exports exceed forecasts at 21.5 percentStaff Writer | October 6, 2017
Malaysia's exports rose 21.5 percent year-on-year to 82.2 billion ringgit ($19.41 billion) in August, with electrical and electronic (E&E) exports and exports to China hit record high.
Asia Higher uptake of petroleum products
Meanwhile, exports for chemicals and chemical products increased by 15.7 percent, petroleum products 33.6 percent while liquefied natural gas jumped 101.8 percent.
Palm oil and palm oil-based agriculture products exports, however, declined 8.9 percent.
Malaysia's exports to China hit a record high, up 21.2 percent year-on-year to 11.3 billion ringgit, the highest monthly value ever recorded thus far.
The growth was due to higher uptake of petroleum products, manufactures of metal, chemicals and chemical products, E&E products and rubber products. ■