Malaysia's exports hit record high in October

Strong performance: Containers seen at North Butterworth Container Terminal. Malaysia’s exports rose to a record high of RM96.4bil in October after growing at a higher-than-expected rate of 17.7 from a year ago.

PETALING JAYA: Amid rising global trade tensions, Malaysia’s exports rose to a record high of RM96.4bil in October after growing at a higher-than-expected rate of 17.7% from a year ago, powered by manufactured goods, and with shipments to China picking up strongly.

Adding to the positive development was the fact that the country’s trade surplus widened to the highest-ever recorded of RM16.3bil from RM15.3bil in the preceding month, or up 63.1% from about RM10bil a year ago.