Malaysia exports gear up in SeptemberHome > News and Events  > International 
   KUALA LUMPUR, Nov. 8 (Xinhua) -- Malaysia's exports performance continued to improve in September as the trade data released on Friday showed the highest exports figure for 2013 so far.

  Exports in September increase for the fourth consecutive month, recording a value of 63.28 billion ringgit (19.87 billion U.S. dollars), the highest registered in 2013.

  It increased 5.6 percent compared to September 2012, according to the statistics released by the International Trade and Industry Ministry.

  Imports in the month increased by 2.8 percent to 54.61 billion ringgit (17.15 billion U.S. dollars), while the total trade amounted to 117.89 billion ringgit (37.02 billion U.S. dollars) after recorded a 4.2 percent increase.

  Malaysia's exports recovered in the third quarter after drop in the earlier months of 2013.

  Total exports in the third quarter were valued at 186.9 billion ringgit (58.69 billion U.S. dollars), expanded by 7.6 percent compared with the same quarter last year.

  Imports increased by 7.5 percent to 168.27 billion (52.84 billion U.S. dollars), putting the total trade in the quarter at 335.17 billion ringgit (105.25 billion U.S. dollars).

  Malaysia's central bank said Thursday that the improvements in exports had supported the expansion in domestic activities.

  For the first nine months of 2013, Malaysia's exports dropped by 0.2 percent to 524.72 billion ringgit (164.77 billion U.S. dollars) while imports increased by 5.5 percent to 481.5 billion ringgit (151.20 billion U.S. dollars).

  The total trade from January to September increased by 2.4 percent and breached 1 trillion ringgit at 1.006 trillion ringgit (320 billion U.S. dollars).

  Among the top 5 trading partners of Malaysia, expansion in trade was recorded with China, Singapore and European Union while trade with Japan and the United States declined.

  China remains Malaysia's largest trading partner. Bilateral trade expanded by 9 percent to 146.33 billion ringgit (45.95 billion U.S. dollars). Exports increased by 2 percent to 67.77 billion ringgit (21.28 billion U.S. dollars) and imports expanded by 15.9 percent to 78.56 billion ringgit (24.67 billion U.S. dollars).

  "Higher exports were recorded for cathodes of refined copper, chemicals and chemical products and well as Liquid Natural Gas ( LNG)," the ministry said.

  Electrical and Electronic Products (E&E), refined petroleum products and LNG are listed as the top three export products for the first nine months of 2013.

2013-11-08

Editor: Fu Peng

Referring to http://news.xinhuanet.com/english/business/2013-11/08/c_132870606.htm