04.09.201902:18:00UTC+00Malaysia Exports Rise Unexpectedly In July

Malaysia's exports rose unexpectedly in July, while imports declined less-than-forecast, data from the Department of Statistics revealed on Wednesday.

Exports rose 1.7 percent year-on-year to MYR 88.0 billion in July. Economists had expected a 2.5 percent fall.

Imports declined 5.9 percent to MYR 73.7 billion. Economists had forecast an annual decline of 7.0 percent.

The trade surplus reached MYR 14.3 billion in July, which was bigger than economists' expectations of MYR 10.9 billion.

On a monthly basis, exports grew by a seasonally adjusted 10.9 percent in July and imports rose 7.9 percent.