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Friday, 4 August 2017

(NST) June exports grow by 10 per cent: Miti

KUALA LUMPUR: June exports grew by 10 per cent, led by electrical and electronic products as well as liquefied natural gas.

The International Trade and Industry Ministry (Miti) said imports grew by 3.7 per cent, while June's trade surplus stood at RM9.88 billion.

Compared to May 2017, total trade, exports and imports, were lower by 11.1 per cent – eight per cent and 14.5 per cent respectively.

Miti announced that total exports in the second quarter from April to June rose by 20.6 per cent, while imports increased by 19.1 per cent, compared to a year ago.

For the first half of the year, exports increased by 21 per cent to RM451.05 billion and imports expanded by 23.3 per cent to RM408.12 billion.

In June, trade with Asean was up by 2.6 per cent, while exports to China remained strong with double digit growth, rising by 27.3 per cent in June.

Exports to Japan grew by 24.3 per cent to RM6.1 billion, the sixth consecutive month where Malaysia's trade and exports to Japan recorded double-digit growth.

Meanwhile, exports to the European Union grew by 10 per cent, while exports to the US rose by 1.8 per cent.