Malaysia’s exports and imports annual growth softened in December, data from the statistical office showed on Friday.
Exports grew 29.2 percent year-on-year in December, after a 32.4 percent increase in November. Economists had expected a growth of 24.7 percent.
Imports increased 23.6 percent year-on-year in December, after a 37.9 percent rise in the previous month. Economists had forecast a rise of 27.9 percent.
The trade surplus increased to MYR 30.990 billion in December from MYR 20.731 billion in the same month last year. In November, the surplus was MYR 18.941 billion.
Exports rose 5.9 percent monthly in December, while imports declined 0.4 percent. The trade surplus increased 63.6 percent.
In the fourth quarter, exports and imports grew 29.0 percent and 29.6 percent, respectively, from a year ago.
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