Exports down 2.6% in October
Malaysian exports fell 2.6 percent in October amid lower demand for electrical and electronic products as well as commodities.
Malaysian exports fell 2.6 percent in October amid lower demand for electrical and electronic products as well as commodities.
Exports dropped to RM53.46 billion while imports also slid 5.3 percent to RM43.84 billion, the International Trade and Industry Ministry said in a statement.
October's trade surplus also fell to RM9.62 billion from RM14.74 billion in September.
"The decline in exports was mainly attributed to lower exports of electrical and electronic products and commodities, namely refined and crude petroleum as well as palm oil," it said.
"Major markets that registered declines were the United States of America, Singapore, the People's Republic of China, Hong Kong and Australia."
The United States is the main market for Malaysia's electrical and electronics goods, which account for about 40 percent of total exports.
Malaysia's total trade for January to October reached RM1.012 trillion, with exports expanding by 13.9 percent to RM565.66 billion and imports rising by 7.4 percent to RM446.81 billion.


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