August Exports, a Record High for Eight Months 2016
In August 2016, Malaysia’s exports rebounded by 1.5% to RM67.58 billion, improving from the 5.5% decline recorded in July 2016. This is the highest value of monthly exports recorded thus far in 2016. The expansion was supported mainly by higher exports to India, ASEAN, the United States of America (USA), Mexico, Turkey, Hong Kong and the European Union (EU).
Imports were higher by 4.9% to RM59.07 billion while trade registered a value of RM126.65 billion, an increase of 3%. Trade surplus widened to RM8.51 billion from RM1.91 billion in July 2016, making it the 226th consecutive month of trade surplus since November 1997.
For the period of January to August 2016, trade totalled RM948.45 billion, with exports amounting to RM500.33 billion and imports, RM448.12 billion. Trade, exports and imports for this period registered a growth of 0.9%, respectively. Trade surplus increased by 1.8% to RM52.21 billion from RM51.28 billion.
Trade Performance : August 2016 and January - August 2016 (211.12 kB)