Friday 29 Mar 2024
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KUALA LUMPUR (Feb 5): Malaysia’s December 2014 exports grew 2.7% to RM67.7 billion from RM65.9 billion a year earlier on higher sales of chemical and manufactured products besides machinery, and transport equipment.

According to a Statistics Department's statement today, although the export volume rose, sales value fell.

"The fall was due to mineral fuels (-13.6%), followed by inedible crude materials (-10.1%) and animal & vegetable oils & fats (-4.8%)," the department said.

Meanwhile, imports rose 4.2% to RM58.5 from a year earlier. The rise came on higher purchases of items like manufactured goods (+23.5%) and mineral fuels (+9.9%).

December export and import numbers translated into a trade surplus of RM9.2 billion.

In a separate statement, the department said full-year exports and imports came to RM766.1 billion and RM683 billion respectively.

News reports indicated that in 2013, the country's exports rose to RM719.81 billion.

In 2014, Malaysia’s on-year December export growth of 2.7% beat the 1% median growth forecast of a Reuters poll earlier.

The poll had estimated trade surplus at RM9 billion compared to RM11.13 billion in November 2014.

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