Malaysian export activity rebounds, rising 3.5 percent in January after dip
AFPKUALA LUMPUR -- Malaysia said Monday its export activity rebounded 3.5 percent in January from a dip a month earlier as demand from neighbors and the giant Chinese market picked up.
March 12, 2013, 11:44 am TWN
January exports were valued at 56.99 billion ringgit (US$18.37 billion), up 3.5 percent year-on-year, the trade ministry said in a statement. Imports rose 16 percent to 53.72 billion ringgit.
Shipments to China rose 8.6 percent year-on-year, driven by demand for Malaysian crude oil, rubber, and electronic and chemical products, the ministry said.
Malaysia, Southeast Asia's third-largest economy, relies heavily on exports of its abundant natural resources but also some manufactured goods.
Exports to other Southeast Asian countries — especially electronics and refined petroleum products — jumped 29.3 percent and accounted for a third of Malaysia's total shipments abroad.