Malaysia: Export earnings rise on back of weaker Ringgit

Malaysia’s exports rose 16.7% in October to RM75.8 billion (US$17.7 billion), the quickest month-on-month growth since May 2014.

The improvement was due to the increase in exports of manufactured goods to Southeast Asia, China, the EU and the US, as well as Singapore and Australia, according to a statement released by the Ministry of International Trade and Industry (MITI).

The main export sales were electrical goods, which increased 22.7%, accounting for 34.6% of total exports. Wood products exports also rose nearly 30% in value, contributing to the positive growth. 

 

Source: ITTO