Tag: exports
Malaysia exports rise 9.8% to RM204.99bil in Feb
Malaysia's exports increased 9.8% to RM112.28 billion in February 2023, with robust sales of petroleum products, electrical and electronic goods, and liquefied natural gas. Imports rose 12.4% to RM92.71 billion, resulting in a trade surplus of RM19.56 billion, a 7.9% increase from January.
Malaysia’s palm oil stocks slide 6.56% in Feb
The Malaysian Palm Oil Board revealed a 6.56% decrease in palm oil stocks in February 2023, with crude palm oil stockpiles falling 7.69% to 1.16 million tonnes. Production also declined, with CPO output dropping 9.35% and palm kernel production reducing 7.10% compared to January's figures.
Malaysia’s total trade up 8.6% to RM236bil in December 2022
Malaysia's total trade reached RM236.0 billion in December 2022, marking an 8.6% year-on-year increase. Exports rose 6.0% to RM131.9 billion, while imports grew 12.0% to RM104.1 billion. The country's total trade for 2022 hit a new milestone of RM2.8 trillion.
Malaysia end-August palm oil stocks hit 2 million tonnes for first time in 2...
Malaysia's palm oil inventories surged 14.5% to 2.03 million tonnes in August, the highest in over two years. Production climbed 8% to 1.7 million tonnes, boosted by ample rainfall. Experts predict September production growth will slow as yields take time to recover.
Singapore’s exports continue to grow in April but at a slower pace of 6%.
Singapore's non-oil domestic exports (NODX) grew 6% in April, lower than March's 11.9% increase. Growth was supported by hardware exports, semiconductor demand, and a rebound in petrochemical shipments.
