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

Malaysia’s exports impacted more by global economy than FX moves: minister

Summarise
Published Tue, May 6, 2025 · 01:28 PM
    • Malaysia’s exports rose a better-than-expected 6.8 per cent in March from a year earlier, with shipments to the United States rising to a record high of RM22.66 billion (S$7 billion).
    • Malaysia’s exports rose a better-than-expected 6.8 per cent in March from a year earlier, with shipments to the United States rising to a record high of RM22.66 billion (S$7 billion). PHOTO: BLOOMBERG

    [KUALA LUMPUR] Malaysia’s trade minister said on Tuesday that the country’s exports will be impacted more by global economic growth and trade than by currency fluctuations.

    Trade Minister Tengku Zafrul Aziz said exports rose significantly in the first quarter of 2025 as companies were frontloading orders to get ahead of US tariffs, which were announced by President Donald Trump in early April.

    “What will support the exports more is actually the growth of the global economy and the growth of global trade... more so than the currency fluctuation,” Tengku Zafrul said at a press conference.

    Malaysia’s exports rose a better-than-expected 6.8 per cent in March from a year earlier, with shipments to the United States rising to a record high of RM22.66 billion (S$7 billion). REUTERS

    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.

    Malaysia economyMalaysia

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    DBS’ Q3 net profit is down 5% at S$2.81 billion, largely due to weak markets trading income from unfavourable market conditions.

    Analysts cut DBS target price on lower 2027 earnings, but see buying opportunity after share price slide

    Nex shopping centre is on a site with a remaining lease of 80 years and eight months.

    China Investment Corp, PGIM’s 50% stake in Nex mall up for sale; asking about S$1.2 billion 

    Nvidia CEO Jensen Huang’s net worth fell by US$15.1 billion to US$150.9 billion.

    Nvidia CEO Jensen Huang drops from world’s top 10 richest after chips sell-off

    OCBC’s Q3 earnings came in slightly above the S$2 billion consensus forecast in a Bloomberg survey of seven analysts.

    OCBC wealth clients turn defensive amid market volatility as Q3 profit rises 3%

    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