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Malaysia's March exports fall 4.7% year-on-year, smaller drop than forecast

Published 05/04/2020, 12:14 AM
Updated 05/04/2020, 12:15 AM
© Reuters. A trailer is seen near containers at a Westports container facility in Pulau Indah outside Kuala Lumpur

KUALA LUMPUR (Reuters) - Malaysia's exports fell 4.7% from a year earlier in March, amid coronavirus-related movement restrictions, government data showed on Monday.

The decline, however, was smaller than the 8% fall forecast by analysts surveyed by Reuters. Exports in February had risen 11.8%, the strongest on-year growth in 16 months.

Imports were down 2.7% year-on-year, after surging 11.3% in February.

© Reuters. A trailer is seen near containers at a Westports container facility in Pulau Indah outside Kuala Lumpur

The trade surplus in March narrowed slightly to 12.3 billion ringgit ($2.84 billion) from 12.6 billion ringgit in the previous month.

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