Malaysia’s exports in March rose 2.2 percent against the same period last year and increased 2 percent month-on-month, according to the Ministry of International Trade and Industry.
Malaysia’s exports in March rose 2.2 percent against the same period last year and increased 2 percent month-on-month (Illustrative image. Source: VNA)
Kuala Lumpur (VNA) – Malaysia’s exportsin March rose 2.2 percent against the same period last year and increased 2percent month-on-month, according to the Ministry of International Trade andIndustry.
The ministry said Malaysia’s export growth wassupported by higher shipments of manufactured goods, which registered ayear-on-year increase of 3.7 percent.
Electronic and electrical products remained themajor driver, rising 8.7 percent. The exports of crude oil also went up.However, shipments of farm produce slumped by 11.2 percent.
Malaysia mainly exported its products to HongKong, the EU, India, the Republic of Korea, Taiwan, and South Africa.
Meanwhile, Malaysia’s imports in March fell 9.6percent year-on-year.
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Malaysia’s central bank said the Southeast Asiancountry recorded economic growth of 5.9 percent in 2017.-VNA
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Malaysia’s exports in March rose 2.2 percent against the same period last year and increased 2 percent month-on-month (Illustrative image. Source: VNA) 
