Trade Surplus Up 7.5% in First Five Months of 2016
Malaysia’s trade for the period January-May of 2016 registered a value of RM576.6 billion compared with RM574.44 billion in the same period of 2015. Expansion in trade with the United States of America (USA), China, ASEAN, Turkey, Mexico and the European Union (EU) contributed to the increase.
For the first five months of 2016, the trade surplus expanded by 7.5% to RM36.25 billion as against RM33.71 billion recorded in the corresponding period of 2015. Exports grew by 0.8% to RM306.42 billion, while imports decreased marginally by RM189.8 million to RM270.17 billion compared to the same period of 2015.
In May 2016, Malaysia registered a trade surplus of RM3.26 billion, making it the 223rd consecutive month of trade surpluses recorded since November 1997. Exports in May 2016 were lower by RM533.6 million or 0.9% year-on-year to RM59.92 billion. Imports rose RM1.72 billion or 3.1% to RM56.66 billion, resulting in a 1% growth in trade to RM116.58 billion.
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Trade Performance : May 2016 and January - May 2016