August 19, 2024 04:11 GMT
Malaysia: Exports Surge.
BNM
- The trade data surged today, ahead of expectations.
- With exports up July 12.3% yoy (prior 1.7%); this was significantly ahead of market expectations for a 9.0% increase.
- Despite the slowdown in China, petroleum products were significantly higher.
- Malaysian electronic exports continue to be strong up significantly on last month.
- By country, Malaysia saw exports to US surge at a time where exports to China have contracted.
- Malaysian Prime Minister Ibraham has sought to position his country as a neutral proposition for the chip industry caught up in the US-China technology war.
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