Malaysia's exports rise unexpectedly
Malaysia’s exports have increased for the month of April, breaking the trend from the previous two months mainly thanks to a higher demand in electronic goods.
However, exports of petroleum and palm oil goods fell.
Data released by Malaysia’s statistics agency showed that the value of exports from the Southeast Asian country rose by 1.1% in April, beating the forecasted dip of 0.5% by analysts and higher to the fall of 0.5% in March.
Meanwhile, imports into Malaysia increased 4.4% during April, versus forecasts of a 0.2% decline, hence, trade surplus fell to $10.9 billion, compared to $14.4 billion in March.
Source: Smart Trend Team
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