Malaysia's August exports rise 45.5% y/y, above forecast

Malaysia's exports rose 45.5% year on year in August, surpassing expectations. According to Business Recorder, the growth was higher than the 37.9% forecasted by 14 economists surveyed by Reuters. Imports in August grew 41.1% from a year earlier, as reported by both Business Recorder and Malay Mail.

The trade surplus was 28.1 billion ringgit ($6.89 billion) in August, exceeding the poll forecast of 25 billion ringgit, as per Business Recorder. Malay Mail reported that the total trade increased 43.4% year-on-year to 354.0 billion ringgit in August, with exports rising to 191.0 billion ringgit and imports increasing to 163.0 billion ringgit.

Malay Mail also noted that the trade surplus expanded by 77.1% and marked the 76th consecutive month of trade surplus since May 2020. Additionally, exports, imports, and total trade decreased on a month-on-month basis, while the trade surplus increased.

Brief written by urgent.news from Business Recorder, Malay Mail, New Straits Times — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.