Demand for E&E to offset drop in oil prices

An economist expects overseas shipment to the United States and European economies to bolster Malaysia’s exports growth in 2015.

PETALING JAYA: A resurgence in demand for electrical and electronic (E&E) products in the coming months will help mitigate the drop in oil and liquefied natural gas (LNG) prices.

Last year, E&E products made up 33.4% of total exports, with crude petroleum and LNG making up 4.8% and 9.2% respectively. For December, E&E exports rose 14.8% year-on-year after rising 7.1% in November.