ASEAN KEY DESTINATIONS
Malaysia’s exports up 6.7% in May
The growth was backed by an increase in sales of petroleum products, liquefied natural gas (LNG) as well as electrical and electronic (E&E) products, according to the latest data from the Department of Statistics.
For the month under review on year-on-year basis, petroleum products which made up 5.7 per cent of total exports surged 85.7 per cent or 1.6 billion ringgit ($506.65 million) to 3.4 billion ringgit ($1.08 billion) due to a 9.1 per cent rise in export volume.
LNG, which contributed 7.5 per cent of total exports, expanded 40.6 per cent or 1.3 billion ringgit ($411 million) from 3.1 billion ringgit ($981 million) due to an increase in average unit value by 51.6 per cent.
E&E products, which contributed 32.8 per cent of total exports, went up 1.1 per cent or 207.3 million ringgit ($65.64 million) to 19.3 billion ringgit ($6.11 billion).
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