Malaysia’s November exports rise 15.6% on-year, above forecast

KUALA LUMPUR (Reuters) – Malaysia’s exports rose by 15.6% in November, above expectations, government data showed on Monday.

November’s exports had been expected to grow 13.2%, according to eight economists surveyed by Reuters.

Imports in November grew 15.6% from a year earlier, data from the International Trade and Industry Ministry showed. Analysts were expecting a 20.9% increase.

Malaysia recorded a trade surplus of 22.3 billion ringgit ($5.05 billion) in November.

($1 = 4.4150 ringgit)

(Reporting by Mei Mei Chu; Editing by Martin Petty)

Reuters

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