Monday, August 21, 2017 - 2:26:43

Malaysia’s trade up 7.6 percent last November

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Illustration photo. (Source: Internet))
Kuala Lumpur (VNA) – Malaysia’s import-export turnover in November last year was valued at 125 billion RM (29 billion USD), up 7.6 percent from a year ago, according to the statistics released on January 8 by the country’s Ministry of International Trade and Industry (MITI).

Of the figure, exports rose 6.3 percent to 67.6 billion RM (15.7 billion USD) and imports reached nearly 57.4 billion RM (13.3 billion USD), up 9.1 percent.

According to the MITI, the November exports increased thanks to the rising demands in such markets as ASEAN, the European Union, China , and the US .

Commodities with high export growth included metal, oil and gas products, machinery, equipment and spare parts, chemicals, and palm oil.

In the January-November period, the country’s import-export turnover reached nearly 1.34 trillion RM (311 billion USD), a year-on-year increase of 1.1 percent.

Trade surplus in the reviewed period was 86.3 billion RM (20 billion USD), up 17.3 percent.

According to Malaysia ’s Bank Negara, the country targeted an economic growth of 4.5-5.5 percent in 2015, with respective export and import growths of 1.5 percent and 6 percent.-VNA
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