Malaysia's Jan exports rise 1.6% y/y, below forecast
A general view of city skyline including Malaysia's landmark Petronas Twin Towers in Kuala Lumpur, Malaysia February 3, 2023. REUTERS/Hasnoor Hussain
KUALA LUMPUR : Malaysia's exports rose 1.6 per cent from a year earlier in January, slower than expected, government data showed on Monday.
January's exports had been forecast to expand 7.4 per cent, according to 10 economists surveyed by Reuters.
Imports in January grew 2.3 per cent from a year earlier, data from the International Trade and Industry Ministry showed. Analysts were expecting an annual increase of 10.1 per cent.
Malaysia recorded a trade surplus of 18.16 billion ringgit ($4.10 billion) in January, narrowing from a revised surplus figure of 28.14 billion ringgit the previous month.
($1 = 4.4300 ringgit)
