PETALING JAYA: Malaysia’s November exports beat expectations on higher shipments of electrical and electronic products to the United States while imports shrank drastically, led by the drop in the import of consumption goods.
Data released by the Statistics Department showed exports grew 2.1% year-on-year (y-o-y) to RM63.73bil compared to expectations of a 0.7% contraction, while imports gained only 0.1% to RM52.60bil compared to October’s 9.1% rise. Economists expected a median 8.3% rise in imports.
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