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Malaysia's exports fall slightly over weak demand in electronics, commodities
Last Updated(Beijing Time):2012-06-06 13:26

Malaysia's exports in April fell 0.1 percent year-on-year to 57.7 billion ringgit as slower growth in major economies impede demand for electronic products and commodities.

The shipment of electrical and electronic goods, which made up about a third of the total exports, dropped 6.8 percent 18.49 billion ringgit while palm oil exports fell 12 percent to 4.24 billion ringgit, according to a statement released by the Malaysian International Trade Ministry on Wednesday.

Higher exports were however recorded for refined and crude petroleum, rubber products, chemical products, machinery and transport equipment.

Exports to China grew 16 percent to 8.11 billion ringgit from last year but registered a decline in the Japan, the European Union and the U.S. markets.

Total imports for the month grew 7.4 percent to 50.23 billion ringgit from a year earlier with China being the main source contributing 7.37 billion ringgit.

Trade surplus for April narrowed to 7.51 billion ringgit from the 10.45 billion ringgit recorded in March.

Source:Xinhua 
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