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Malaysia – Oct external trade
07/12/2016 04:17 pm MYT
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In Oct, exports fell 8.7%, year-on-year, to RM69.2 bln, while imports slipped 6.6% to RM59.44 bln – see figure 1, resulting in a trade surplus of RM9.76 bln.

Year-on-year, the exports of major commodities fell by staggering 16% in Oct, mainly due to a plunge in the exports of mineral fuels. On the other hand, the decline in the exports of major manufactured products was driven by a 29.7% year-on-year drop in the exports of manufactured goods, this is the largest decline since Sep 2009 – see table 1.

Meanwhile, the fall in imports in Oct was primarily due to 8.8% and 8.0% decrease in the imports of intermediate and consumption goods respectively.

 

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Note from Publisher
Despite being a multi-racial, multi-cultural, and multi-religious society, Malaysia has largely been a peaceful country. This is a great achievement in light of a world that is being ravaged by multiple conflicts. Unfortunately, certain individuals and groups have hated this precious social fabric of the country and are making every effort to tear it apart. People say “you never know what you have until you lose it”. We really hope these selfish and irresponsible people will come to their senses before it is too late.

Nevertheless, it is heartening to see that the Malaysian media and civil society organisations have collectively launched a campaign called “Maaf Zahir Batin Hari Hari” or known as #MZB365 to help heal a dividing Malaysia. Carrying the meaning of “please forgive my wrongs, both thoughts and deeds”, the campaign will run for one whole year. This initiative could not have come at a better time. We believe the majority of Malaysians still treasure the country’s unique social fabric. With #MZB365, hopefully the silent majority can have a bigger voice to counter the destructive noises of the divisive minority.
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