PETALING JAYA: Malaysia’s exports rose 10.7% to RM75.6bil in December 2016 from a year ago, exceeding economists’ expectations of 9.6% growth, underpinned by higher exports of electrical and electronic (E&E) products, palm oil and palm-based products. The Statistics Department said on a month-on-month (m-o-m) basis, exports increased RM2.7bil, or 3.7% from RM72.8bil. In seasonally adjusted terms, exports rose 2.4%It said the December exports were mainly driven by an increase in E&E products, which grew 9% to RM27bil. Palm oil and palm-based products, which formed 8.5% of total exports, recorded an increase of RM1.3bil to RM6.4bil. On a m-o-m basis, imports rose RM3bil from RM63.8bil.

Source: The Star February 08, 2017 23:16 UTC