Malaysia’s August exports exceed forecast to hit RM63.88b (Update)

KUALA LUMPUR: Malaysia’s exports grew faster-than-expected by 1.7% to RM63.88bil in August from a year ago, underpinned by sales of electrical and electronic (E&E) products, and exceeding economists’ forecast of a decline of 1.4%.

The Statistics Department said on Tuesday the major exports were E&E products valued at RM21.5bil and accounted for 33.7% of total exports. However, the slower economic growth in China saw Malaysia's exports to Asia’s largest economy falling 21.9% to RM7.13bil.