Malaysia's exports increased more than expected in May from a year ago, data from the Trade Ministry revealed Wednesday.
Exports grew 6.7 percent annually to MYR 58.78 billion in May, while imports advanced 16.2 percent to MYR 54.17 billion. Both exports and imports far exceeded the expected increases of 4.8 percent and 7.3 percent, respectively.
On a monthly basis, exports were up 1.8 percent, while imports surged 7.9 percent in May. As the increase in imports exceeded export growth, the trade surplus fell to MYR 4.6 billion in May. Also, it was well below the expected level of MYR 7.53 billion.
by RTT Staff Writer
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