Malaysia's exports in October surged 17.7% on-year to RM96.38bil, which is a historic high for the country, powered by manufactured goods.
Imports of capital goods fell RM2.1bil or 22.2% from RM9.5bil due to the decrease in both capital goods (except for transport equipment) (-RM1.6bil, -18.4%) and transport equipment, industrial (-RM551.5mil, -53.9%).
As for consumption goods, imports rose 21.9% or RM959.7mil from RM4.4bil, mainly due to semidurables (+RM305.1mil, +47.8%), food & beverages, primary, mainly for household consumption (+RM288.5mil, +49.5%) and food & beverages, processed, mainly for household consumption (+RM241.0mil, +19.5%).
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