Malaysia's Feb exports jump 17.6% y/y, beat forecast
published : 29 Mar 2021 at 11:13
KUALA LUMPUR: Malaysia's exports in February rose 17.6% from a year earlier, exceeding expectations, buoyed by higher shipments of electrical and electronic goods as well as commodity-based products, government data showed on Monday.
The median forecast among nine economists surveyed by Reuters was for an 8.8% growth in February. In January, exports had risen 6.6%.
Imports in February jumped 12.7% year-on-year, accelerating from the previous month's 1.3% expansion, data from the International Trade and Industry Ministry showed. Analysts had expected a 3.9% rise.
Malaysia's trade surplus widened to 17.9 billion ringgit (134 billion baht) last month from 16.6 billion ringgit in January. Analysts had estimated a surplus of 15.6 billion ringgit.