Malaysian export activity rebounds, rising 3.5 percent in January after dip

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.

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