Malaysia's April exports rise 63 pct year-on-year, fastest since 1998
Malaysia's trade surplus in April narrowed slightly to 20.5 billion ringgit ($4.95 billion) from 24.2 billion ringgit the previous month. REUTERSpic
KUALA LUMPUR: Malaysia's exports in April rose 63% from a year earlier, the fastest pace of growth in more than two decades, government data showed on Friday.
April's expansion exceeded the 52.4% rise forecast by 10 economists in a Reuters' poll and was up from the 31% growth posted in March.
The pace of growth was the fastest since February 1998, with a rise in shipments seen in all categories except liquefied natural gas and transport equipment, the International Trade and Industry Ministry said in a statement.
Imports in April grew 24.4% from a year earlier, compared to the 19.2% rise in March, the data showed. Analysts were expecting a 19.9% expansion.
Malaysia's trade surplus in April narrowed slightly to 20.5 billion ringgit ($4.95 billion) from 24.2 billion ringgit the previous month.
Must-Watch Video
Stay updated with our news