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Friday, 4 August 2017

Malaysia's June amounted highest value of trade surplus since April 2016.

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Malaysia: Malaysia's total trade for the month of June 2017 increased by seven per cent to RM 136.26 billion, up from RM 127.38 billion recorded in June 2016, supported mainly by trade with China, India, Japan, the European Union (EU), ASEAN, the US, Taiwan and South Korea.
Exports in June 2017 expanded by 10 per cent to RM 73.07 billion, than imports for the second straight month, growing by 3.7 per cent to RM 63.19 billion, the Ministry of International Trade and Industry (MITI) said in a statement today.
MITI said June's trade surplus marked the 236th consecutive month of trade surplus since November 1997 and the highest value of trade surplus since April 2016.
Compared to May 2017, total trade, exports and imports were lower by 11.1 per cent, eight per cent and 14.5 per cent, respectively.
Total trade in second quarter (Q2) 2017 amounted to RM 428.66 billion, an expansion of 19.9 per cent from Q2 last year while total exports in the quarter reached RM 226.36 billion, 20.6 per cent higher from the same period last year.
Imports increased by 19.1 per cent to RM 202.31 billion.
MITI said a trade surplus of RM 24.05 billion was recorded for Q2 2017 compared to RM 17.86 billion registered in Q2 2016.
Compared with Q1 2017, exports increased by 0.7 per cent while total trade and imports contracted marginally by 0.4 per cent and 1.7 per cent, respectively.
In the first half of 2017, Malaysia's total trade rose by 22 per cent to RM 859.17 billion from RM 704 billion recorded in first half of 2016.
During the period, exports increased by 21 per cent to RM 451.05 billion and imports expanded by 23.3 per cent to RM 408.12 billion.
Trade surplus of RM 42.93 billion was recorded for first half of 2017 compared to RM 41.79 billion in first half of 2016.

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