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Surplus rises over 28% in January

 


March 7, 2008

MALAYSIA/TRADE
Surplus rises over 28% in January

Malaysia's trade surplus rose in January to 9.79 billion ringgit ($3.07 billion), 28.8 percent higher from the same period last year on brisk exports, according to government data.

January's trade surplus was up 4.1 percent from December. Exports totalled 53.03 billion ringgit, a 10.4 percent increase from January 2007 and the highest recorded for the month of January.

"This was ... attributed mainly to higher exports of palm oil, refined petroleum products and crude petroleum," the Ministry of International Trade and Industry said.

January imports grew by 6.9 percent from last year to 43.23 billion ringgit but they were 3.4 percent lower against imports in December 2007.

Malaysia's exports to the United States, its main trading partner, dipped to 7.17 billion ringgit in January from 7.88 billion ringgit in December on lower exports of electrical and electronic products, the ministry was quoted by AFP as saying.


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