Malaysia's exports fall 13.1% to RM116.75bil in July 2023, trade surplus remains on uptrend

KUALA LUMPUR: Malaysia's exports in July contracted 13.1% to RM116.75bil, mainly owing to the decrease in shipments to Asean markets from a year before.

Despite the lower exports, the country's trade surplus remained on an uptrend, growing 7.9% year-on-year (y-o-y) to RM17.09bil as the value of imports fell 15.9% to RM99.66bil.