Malaysia’s exports up 38.8% in June

Malaysia’s exports increased by 38.8% in June. This was due to strong demand for electrical and electronic products, oil and gas, and palm oil.

The rate was above analysts’ forecasts, which had expected a 20.1% increase, and above May’s 30.5% growth.

Imports rose 49.3% in June from a year earlier, while analysts expected imports to rise 30.4%.

Malaysia’s trade surplus was 21.9 billion ringgit ($4.92 billion), higher than the 18.1 billion ringgit forecast.

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