Malaysia's Ministry of International Trade and Industry (MITI) on January 8 announced that the country’s exports in November 2013 rose 6.7 percent year-to-year to 62.25 billion RM (18.96 billion USD).
The rise was attributed to higher demand for electronic goods and petroleum products from its Southeast Asian neighbours, China and the European Union.
This was the fifth consecutive month of increase in exports since July 2013.
Major export products in November were electrical and electronic products valued at 21.45 billion RM, accounting for 34.5 percent of total exports, an increase of 14.5 percent from November 2012.
Among major export markets for the month under review was ASEAN with 15.81 billion RM, China (9.98 billion RM), Japan (6.78 billion RM) and the European Union (5.61 billion RM).
Also in November 2013, Malaysia 's imports were 52.53 billion RM (almost 16 billion USD), an increase of 6.4 percent as compared to the same month in 2012, mainly contributed by intermediate goods valued at 30.33 billion RM (up 9.9 percent) and consumer goods (up 7.8 percent).
Major import sources included ASEAN, accounting for 26.7 percent of total imports valued at 14.03 billion RM, followed by China (18 percent), Singapore (11.9 percent), Japan (8.5 percent), the United States (8.1 percent) and Thailand (6.9 percent).
MITI said Malaysia's total trade for January-November last year was 1.247 trillion RM, an increase of 3.7 percent from the 1.203 trillion RM recorded in the previous year’s corresponding period, of which exports were 654.08 billion RM, resulting in trade surplus of 61.16 billion RM.-VNA
The rise was attributed to higher demand for electronic goods and petroleum products from its Southeast Asian neighbours, China and the European Union.
This was the fifth consecutive month of increase in exports since July 2013.
Major export products in November were electrical and electronic products valued at 21.45 billion RM, accounting for 34.5 percent of total exports, an increase of 14.5 percent from November 2012.
Among major export markets for the month under review was ASEAN with 15.81 billion RM, China (9.98 billion RM), Japan (6.78 billion RM) and the European Union (5.61 billion RM).
Also in November 2013, Malaysia 's imports were 52.53 billion RM (almost 16 billion USD), an increase of 6.4 percent as compared to the same month in 2012, mainly contributed by intermediate goods valued at 30.33 billion RM (up 9.9 percent) and consumer goods (up 7.8 percent).
Major import sources included ASEAN, accounting for 26.7 percent of total imports valued at 14.03 billion RM, followed by China (18 percent), Singapore (11.9 percent), Japan (8.5 percent), the United States (8.1 percent) and Thailand (6.9 percent).
MITI said Malaysia's total trade for January-November last year was 1.247 trillion RM, an increase of 3.7 percent from the 1.203 trillion RM recorded in the previous year’s corresponding period, of which exports were 654.08 billion RM, resulting in trade surplus of 61.16 billion RM.-VNA
