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Malaysia's Jan exports rise 1.6% y/y, below forecast

Published 02/19/2023, 11:13 PM
Updated 02/19/2023, 11:15 PM
© Reuters. A general view of city skyline including Malaysia's landmark Petronas Twin Towers in Kuala Lumpur, Malaysia February 3, 2023. REUTERS/Hasnoor Hussain

KUALA LUMPUR (Reuters) - Malaysia's exports rose 1.6% from a year earlier in January, slower than expected, government data showed on Monday.

January's exports had been forecast to expand 7.4%, according to 10 economists surveyed by Reuters.

Imports in January grew 2.3% from a year earlier, data from the International Trade and Industry Ministry showed. Analysts were expecting an annual increase of 10.1%.

© Reuters. A general view of city skyline including Malaysia's landmark Petronas Twin Towers in Kuala Lumpur, Malaysia February 3, 2023. REUTERS/Hasnoor Hussain

Malaysia recorded a trade surplus of 18.16 billion ringgit ($4.10 billion) in January, narrowing from a revised surplus figure of 28.14 billion ringgit the previous month. 

($1 = 4.4300 ringgit)

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