PETALING JAYA: Malaysia’s exports value in April has surprised the market as it surged 14% on a year-on-year (y-o-y) basis, substantially exceeding the consensus estimate of 6.3%.
The unexpected exports growth rate, which was significantly higher than the 2.2% recorded in March, was primarily driven by stronger sales of electrical and electronic (E&E) products as well as manufactures of metal to international markets.
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