RTTNews - Thursday, the Department of Statistics Malaysia said in a preliminary report that the trade surplus stood at MYR 7.36 billion in April, down from MYR 12.5 billion in March. This was the 138th consecutive month of trade surplus since November 1997. Economists were looking the trade surplus of MYR 12.5 billion.
Exports dropped 26.3% year-over-year in April, compared to the 15.6% fall in March. Economists had predicted a decline of 21.8%.
Similarly, imports decreased 24.6% in April, after falling 28.7% in March. Economists were expecting a decrease of 28.1%.
On a monthly basis, exports declined 5.6% to MYR 41.12 billion in April, while imports rose 8.8% to MYR 33.76 billion.
During the January to April period, exports decreased 21.7% annually to MYR 62.52 billion, while imports dipped 27.3% to MYR 22.44 billion. At the same time, the trade surplus amounted to MYR 40.07 billion.
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