Malaysia's exports delivered a strong set of numbers, up RM2.2bil or 3.4% to RM66.45bil – surprising economists' expectations of a 3.7% decline – underpinned by a strong growth in electrical and electronics.
The Statistics Department said on Friday that E&E products increased RM1.1bil or 4.9% from RM23.1bil.
It added that refined petroleum products rose RM1.1bil or 34.9% from RM3.2bil due to the increase in export volume (+90.1%) as average unit value fell 29.0%. Timber and timber-based products recorded an of RM133.7mil or 8.1% from RM1.6bil.
On a month-on-month basis seasonally adjusted terms, exports increased RM6.5bil (up 10.6%) to RM67.9bil.
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The Statistics Department said on Friday that E&E products increased RM1.1bil or 4.9% from RM23.1bil.
It added that refined petroleum products rose RM1.1bil or 34.9% from RM3.2bil due to the increase in export volume (+90.1%) as average unit value fell 29.0%. Timber and timber-based products recorded an of RM133.7mil or 8.1% from RM1.6bil.
On a month-on-month basis seasonally adjusted terms, exports increased RM6.5bil (up 10.6%) to RM67.9bil.
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