Largely induced by the US’s more prohibitive trade barriers against China, major Asian exporters of electrical and electronic (E&E) goods experienced a marked decline in their share of overall E&E exports to China.
KUALA LUMPUR: RAM Ratings expects Malaysia’s imports to contract by 6.8% and exports by 8.2% in October, resulting in a trade surplus of RM14.4 bil.
The rating agency said on Monday the continued lacklustre showing was underlined by subdued global trade and industrial performance in the same month, along with high-base effects from 2018.
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