THE trade surplus in November rose to RM5.6bil from a restated RM4.8bil in October, marking the 61st consecutive month of surplus, the Ministry of International Trade and Industry (Miti) said.
In a statement, Miti said exports eased to RM31.1bil from RM31.9bil in October, with imports declining to RM25.5bil from RM27bil a month earlier.
Exports of electrical and electronic products rose, as did machinery, appliances and parts, rubber products and transport equipment, while exports declined in other sectors, particularly palm oil, crude petroleum and refined petroleum products.
Exports of electrical and electronic products in November rose 0.7% month-on-month to RM17bil, representing 54.5% of total exports, while palm oil, which accounted for 5.3% of total exports, fell 18.2% to RM1.6bil.
Top export markets for November were the Asean countries, the US, the EU, Japan, Hong Kong and China, accounting for a combined 80.4% of Malaysia’s total exports, Miti said.
For November, imports of intermediate goods declined 8.5% from October to RM17.9bil, while imports of capital goods rose 7% to RM3.8bil and consumption goods grew 3% to RM1.8bil. – AFX
Did you find this article insightful?