Amended: Malaysia's June Exports Fall Less Than Forecast


Corrects headline and introduction
Malaysia's exports declined in June mainly due to reduced shipment of electronic products, official data revealed Monday.
Exports were down 6.9 percent from the previous year, the Department of Statistics said. The rate of decline was less the expected 7.4 percent drop. There were marked reduction in exports of electronic products, optical and scientific equipment and palm oil.
On the other hand, imports grew 1.3 percent. It was forecast to rise by 4.8 percent. Imports of intermediate goods increased 3.5 percent and consumption goods rose 2.4 percent.
On a monthly basis, exports advanced 1.7 percent to MYR 56.75 billion, while imports dropped 0.9 percent to MYR 52.43 billion. As a result, the trade surplus totaled MY.

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