Malaysia exports hit new high of 21 bln USD in March

Malaysia's exports hit a new high of 64.06 billion ringgit (21.35 billion U.S. dollars) in March 2011, up 7.8 percent year on year, said its trade ministry here on Friday.


The Malaysian International Trade and Industry Ministry said in an announcement that the exports growth was mainly attributed by higher exports of electrical and electronic products, refined petroleum products, palm oil, crude rubber and chemicals and chemical products.


Imports rose by 12.1 percent year on year to 50.53 billion ringgit (16.8 billion U.S. dollars), bringing the total trade volume in March to 114.59 billion ringgit (38.2 billion U.S. dollars), up 9.6 percent.


On a month-on-month basis, exports in March grew by 23.7 percent while imports rose by 28.9 percent, with the total trade surging by 25.9 percent.


China, Singapore, Japan, U.S. and China's Hong Kong were the top five export destinations of Malaysia in March, accounting for 50.9 percent of the total.


Exports and imports in the first quarter of this year expanded by 7.5 percent and 12.4 percent year on year respectively, while the total trade increased by 9.6 percent.
(Source:http://news.xinhuanet.com)