04.12.201903:52:00UTC+00Malaysia Exports Fall In October

Malaysia's exports fell at a slower-than-expected rate in October, while the decline in imports exceeded expectations, data from the Department of Statistics revealed on Wednesday.

Exports declined 6.7 percent year-on-year to MYR 90.6 billion in October. Economists had expected a 12.3 percent fall.

Imports decreased 8.7 percent to MYR 73.3 billion. Economists had forecast an annual fall of 7.0 percent.

As a result, the trade surplus decreased by MYR 474.3 million from last year to MYR 17.3 billion in October, which was above economists' expectations of MYR 11.0 billion.

On a monthly basis, exports rose by a seasonally adjusted 13.2 percent in October and imports grew 1.5 percent.