Malaysia’s Department of Statistics reported a total export turnover of 63.88 billion RM (19.7 billion USD) in August, a 1.7 percent year-on-year increase.
The increase in turnover is attributable to a soaring international demand for electric and electronic goods, which had initially been forecast to decline by 1.4 percent compared to August 2013.
In August, Malaysia’s import value increased by 7.6 percent compared to last year, reaching 60 billion RM.
The country thus generated a record trade surplus of 3.86 billion RM.
Singapore is Malaysia’s top trade partner, with bilateral trade up by 1.8 billion RM compared to August 2013, followed by the US, India, Japan and Thailand.-VNA
The increase in turnover is attributable to a soaring international demand for electric and electronic goods, which had initially been forecast to decline by 1.4 percent compared to August 2013.
In August, Malaysia’s import value increased by 7.6 percent compared to last year, reaching 60 billion RM.
The country thus generated a record trade surplus of 3.86 billion RM.
Singapore is Malaysia’s top trade partner, with bilateral trade up by 1.8 billion RM compared to August 2013, followed by the US, India, Japan and Thailand.-VNA
