Malaysia’s exports rise 45.4% in June, below forecast

[KUALA LUMPUR] Malaysia’s exports jumped 45.4 per cent in June, government data showed on Monday (Jul 20), falling short of expectations.

June’s exports were forecast to rise 52.9 per cent in a Reuters poll of economists.

Imports in June grew 43.9 per cent from a year earlier, data from the trade ministry showed. Analysts were expecting a 24.4 per cent increase.

Malaysia recorded a trade surplus of RM14.9 billion (US$3.65 billion) in June, compared to the poll estimate of RM42.4 billion. REUTERS