January exports exceed forecast, boost from China and Thailand

CGSCIMB said the reclamation exercise, that will be in three phases, will first need to undergo technical discussions with the Port Klang Authority and the Transport Ministry.

KUALA LUMPUR: Malaysia’s exports in January rose at a faster-than-expected pace of 3.1% year-on-year (y-o-y) to RM85.4bil, underpinned by expansion in exports to China, Thailand and South Korea, compared with a Bloomberg survey of a 0.6% contraction.

The Statistics Department announced yesterday that re-exports were valued at RM17.5bil (0.4%) and accounted for 20.5% of total exports. Domestic exports increased RM2.5bil or 3.9% to RM67.9bil.