Business & Finance Print edition: 2020-12-29

Malaysia's exports rise 4.3 percent

Published December 29, 2020 Updated December 29, 2020 03:51am
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KUALA LUMPUR: Malaysia's exports rose for the third straight month in November, expanding 4.3% from a year earlier, on higher shipments of manufactured goods and palm oil products, government data showed on Monday. The expansion beat a 3.9% rise forecast by six economists surveyed by Reuters and was quicker than the 0.2% growth recorded in October.

Imports in November shrank 9% from a year earlier, bigger than the 6% drop posted in the previous month, data from the International Trade and Industry Ministry showed. Analysts had expected a fall of 4.8%. Malaysia's trade surplus in November narrowed to 16.8 billion ringgit ($4.14 billion) from 22.1 billion ringgit in October. Analysts had expected a surplus of 12.7 billion ringgit.