Malaysia October exports seen falling 1.6% year-on-year as oil prices slide: Reuters poll

[KUALA LUMPUR] Malaysia's exports in October likely fell 1.6 percent from a year earlier as prices of oil and other commodities skidded, a Reuters poll showed, Malaysia is a net exporter of crude oil and a major producer of liquefied natural gas, the price of which is often linked to oil and other fossil fuels.

Imports are expected to fall 1.3 per cent from a year earlier.

The median forecast of 12 economists polled by Reuters put the trade surplus at RM8.9 billion (US$2.59 billion) for October.

Exports rose 2 per cent in September while imports were up 1.1 per cent, for a trade balance of RM9.3 billion.

REUTERS