Maybank Maintains Exports, Imports Growth Projection For 2023
Malaysia's export growth slowed to 1.6% YoY in January 2023, the weakest rate in 27 months. This figure was lower than expected and a drop from December 2022's growth rate of 5.9% YoY.
exports
August Export Growth Mostly Driven By Demand For E&E, O&G, palm oil
The robust growth in Aug-22 also suggests correction in commodity prices and concerns about sluggish recovery in China have yet to affect Malaysia’s trade performance.
Stronger Improvement In Manufacturing Conditions In July
Improved conditions also lifted business confidence surrounding the 12-month outlook for activity during July with the level of optimism strengthening to a five-month high.
Slower Industrial Production Index Growth
Higher sales growth was recorded for refined petroleum products, E&E, iron & steel, and motor vehicles, but sales of computers and consumer electronics grew at slower pace.
Export Growth Strengthened to +30.5%yoy in May-22
The analyst firm says Malaysia’s total trade expanded further by +33.6%yoy to RM228.4b in May-22. Exports grew faster at +30.5%yoy in May-22 (Apr-22: +20.8%yoy).