Malaysia's November trade surplus up

  • Nation
  • Thursday, 12 Jan 2006

KUALA LUMPUR: Malaysia's trade surplus for November last year was RM8.7 billion, higher than the RM6 billion for the same month of 2004. 

The Department of Statistics said the surplus was due to higher export growth of 11.9% (+RM4.6 billion) vis-à-vis imports which rose by 5.9% (+RM1.9 billion). 

Total exports and imports in the current month were valued at RM43.5 billion and RM34.8 billion respectively as against RM38.8 billion (exports) and RM32.9 billion (imports) a year earlier. 

In terms of composition of exports, electrical and electronic products, the largest contributor (50.5% of total exports) expanded by 16.4% to RM22.0 billion. 

Imports of intermediate and capital goods which accounted for 83.7% of total imports, increased by 2.7% or RM0.8 billion to RM29.1 billion, the department said. 

For January - November 2005, Malaysia's trade surplus of RM90.4 billion was 22.1% or RM16.4 billion higher compared with a surplus of RM74.0 billion in the same period of 2004. 

For the full report from the Statistics Department click here

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