The Business Times
business-time-50
Asean Business logo
SPONSORED BYUOB logo
SUBSCRIBERS

Malaysia’s August exports decline 18.6% due to slower global demand

google-preferred-sourceAdd BT as a preferred source
Tan Ai Leng

Tan Ai Leng

Published Tue, Sep 19, 2023 · 06:50 PM
    • Economists attribute the sharp decline in Malaysia's exports and imports to high base effects. They expect the weakness in external trade to continue in the coming months.
    • Economists attribute the sharp decline in Malaysia's exports and imports to high base effects. They expect the weakness in external trade to continue in the coming months. PHOTO: BT FILE

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    [KUALA LUMPUR] Malaysia’s August exports fell 18.6 per cent year on year to RM115.2 billion (S$33.5 billion), a rate that was more than expected, indicated government data released on Tuesday (Sep 19).

    The fall was largely due to slower global demand and high base effects, the Department of Statistics Malaysia (DOSM) said.

    This was the sixth straight month of a decline in exports since March. The last growth was in February when there was a 10.3 per cent rise.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    MalaysiaAsean BusinessAsean

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    In this economy, the smartest bets might no longer be sitting an ocean away, but are waiting right here at home.

    ‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival

    Sales have rebounded in March after the year-end lull and seasonal Chinese New Year pullback.

    Near sell-out launches in March boost developer sales to 1,300 units after four slow months

    US President Donald Trump (left) with Chinese President Xi Jinping at a bilateral meeting on the sidelines of the Apec summit in Busan last October.

    China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result

    Lim's pay package includes about S$3.6 million as salary and around S$3.9 million as bonus, indicates the company's annual report.

    Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More