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March exports surges past RM80b for first time [Goreng Goreng]
gorenggoreng88
Publish date: Fri, 05 May 2017, 01:16 PM
KUALA LUMPUR: Malaysia's exports for March 2017 surged to RM82.63bil – exceeding the RM80bil mark for the first time – underpinned by manufactured, mining and agricultural products.
The Ministry of International Trade and Industry (MITI) said on Friday exports rose 24.1% from a year ago, exceeding economists forecast of a 20% increase.
This was the fourth consecutive month where exports posted double digit growth since December 2016.
“Higher trade was seen with Asean, China, the US, the EU, South Korea and Japan,” it said.
This was the fourth consecutive month where exports posted double digit growth since December 2016.
“Higher trade was seen with Asean, China, the US, the EU, South Korea and Japan,” it said.
MITI said on a month-on-month basis, exports increased by 15.1%.
Imports surged surged by 39.4% to RM77.22bil – exceeding the forecast of a 28.6%. Trade balance was RM5.41bil, making it the 233rd consecutive month of trade surplus since November 1997.
Read more at http://www.thestar.com.my/business/business-news/2017/05/05/march-exports-surges-past-rm80b-for-first-time/
Imports surged surged by 39.4% to RM77.22bil – exceeding the forecast of a 28.6%. Trade balance was RM5.41bil, making it the 233rd consecutive month of trade surplus since November 1997.
Read more at http://www.thestar.com.my/business/business-news/2017/05/05/march-exports-surges-past-rm80b-for-first-time/
Ooi Kak Hwa: The share market will be extremely bullish!
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Discussions
1 person likes this. Showing 5 of 5 comments
Buy export stocks. Some export stocks like JHM and Pentamaster have been surging recently. Next QRs for export stocks should be extremely good.
2017-05-06 01:14
Export stocks will be very hot for the rest of this month. Buy export stocks and you will not be disappointed.
2017-05-06 01:18
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