Friday March 24 2017
Malaysia Inflation Rate At Over 8-Year High Of 4.5% In February
Statistics Malaysia l Rida Husna | rida@tradingeconomics.com

Consumer prices in Malaysia rose 4.5 percent year-on-year in February of 2017, compared to a 3.2 percent increase in January and above markets expectations of a 4.1 percent rise. It was the highest inflation rate since November 2008, driven by faster rises in prices of food and non alcoholic beverages and housing and utilities while cost of transport surged.

Year-on-year, upward prices pressure came from: food & non-alcoholic beverages (4.3 percent from 4.0 percent in January); alcoholic beverages & tobacco (0.2 percent from 0.2 percent); housing, water, electricity, gas & other fuels (2.2 percent from 1.9 percent); furnishing, household equipment and routine maintenance (1.5 percent from 1.5 percent), health (2.4 percent from 2.5 percent), transport (17.9 percent from 8.3 percent), recreation services & culture (3.1 percent from 3.3 percent), education (1.7 percent from 2.0 percent), restaurants & hotels (2.3 percent from 2.1 percent) and miscellaneous goods & services (1.4 percent from 1.4 percent). In contrast, downward prices pressure came from: clothing and footwear (-0.2 percent from -0.7 percent) and communication (-0.3 percent from -0.2 percent).

Among food & non-alcoholic beverages, customers had to pay more for all categories: food (4.5 percent from 4.1 percent); food at home (4.8 percent from 4.4 percent); rice, bread & other cereals (0.8 percent from 0.8 percent); meat (4.6 percent from 2.0 percent); fish & seafood (4.5 percent from 6.1 percent); milk & eggs (0.2 percent from 0.5 percent), oils & fats (38.3 percent from 37.9 percent), fruits (3.4 percent from 2.1 percent); vegetables (9.5 percent from 7.8 percent); sugar, jam, honey, chocolate & confectionary (0.4 percent from 0.4 percent); food products (5.3 percent from 5.4 percent), food away from home (4.1 percent from 3.6 percent). Meanwhile, prices of coffee, tea, cocoa & non-alcoholic beverages fell 0.2 percent (compared to a flat reading in January 2017). 

Core consumer prices went up 2.5 percent year-on-year, following a 2.3 percent gain in the prior month and marking the highest figure in eleven months.

On a monthly basis, consumer prices went up by 1.3 percent in February, faster than a 1.1 percent rise in a month earlier. Prices rose for: food & non-alcoholic beverages & tobacco ( 1.2 percent); clothing and footwear (0.2 percent); housing, water, electricity, gas & other fuels (0.4 percent); furnishings, household equipment and routine maintenance ( 0.4 percent), health (0.3 percent), transport (5.5 percent), recreation services & culture (0.4 percent), restaurants & hotels ( 0.6 percent) and  miscellaneous goods and services (1.4 percent). In contrast, cost fell forcommunication (-0.1 percent) and education (-0.2 percent). Cost was flat for alcoholic beverages & tobacco.




Friday March 03 2017
Malaysia Trade Surplus Narrows To 6-Month Low
Statistic of Malaysia l Chusnul Ch Manan| chusnul@tradingeconomics.com

Malaysia reported a MYR 4.71 billion trade surplus in January of 2017, compared to a MYR 5.39 billion surplus a year earlier while market expected a MYR 8.20 billion surplus. It was the smallest surplus since July 2016, as imports rose more than exports.

Year-on-year, sales increased by 13.6 percent to MYR 70.2 billion, following a 10.7 percent rise in December and below market consensus of a 15 percent growth. Sales increased for the third straight month, driven by electrical & electronic products (11.4 percent to MYR 24.9 billion, 35.4 percent of total exports), palm oil and palm oil-based products (23.3 percent to MYR 6 billion, 8.5 percent share), crude petroleum (48.1 percent to MYR 2.5 billion, 3.5 percent share), natural rubber (39.1 percent to MYR 393.7 million, 0.6 percent share) and LNG (2.8 percent to MYR 3.3 billion, 4.7 percent share). In contrast, outbound shipments fell for timber and timber-based products (-5.2 percent to MYR 1.9 billion, 2.8 percent share).

Exports increased to China (31.6 percent), the ASEAN countries (13.9 percent), and Singapore (18.8 percent) and the EU countries (5.8 percent).
 
Imports to Malaysia increased 16.1 percent from a year earlier to MYR 65.58 billion in January of 2017, compared to 11.5 percent growth in the preceding month and higher than market expectations of a 10 percent increase. It was the third consecutive month of rise, as purchases went up for most categories: intermediate goods (+10.4 percent, due to industrial supplies, processed: 5.9 percent; parts & accessories of capital goods, except transport equipment: 9.6 percent and fuel & lubricants, primary: 98.4 percent), capital goods (35.2 percent, due to an increase in capital goods except transport equipment: 24.7 percent, transpport equipment, industrial 236.3 percent). In contrast imports for consumption goods declined (1.6 percent, due to a decrease in semi-durables (-5.2 percent), food & beverages, processed for household consumption (-2.8 percent).
 
In December 2016, trade surplus stood at MYR 8.72 billion.




Thursday March 02 2017
Malaysia Leaves Monetary Policy Unchanged
Bank Negara Malaysia l Rida Husna | rida@tradingeconomics.com

Malaysia's central bank held its benchmark overnight policy rate steady at 3.0 percent on March 2nd 2017, as expected. While saying that headline inflation would remain relatively high in the first half of 2017, due to the pass-through impact of the increase in global oil prices, policymakers judged the more positive contribution from the external sector will lead to a better performance of the economy.

Statement by the Bank Negara Malaysia:

The global economy is projected to expand at a slightly faster pace in 2017. Nevertheless, there remain risks to global growth arising from threats such as protectionism, geopolitical developments, heightened volatility of financial markets and negative developments in the prices of key commodities. 

Despite the challenging global and domestic environment, the Malaysian economy expanded by 4.2% in 2016. Growth was underpinned by private sector activity, with additional support from the turnaround in net exports. The growth momentum is expected to be sustained in 2017. With the growth of domestic demand being sustained, the more positive contribution from the external sector will lead to a better performance of the Malaysian economy. 

Headline inflation is projected to be higher in 2017, reflecting primarily the pass-through impact of the increase in global oil prices on domestic retail fuel prices. Headline inflation would remain relatively high in the first half of the year before moderating thereafter. However, the projected trajectory of domestic headline inflation will be dependent on the future trend in global oil prices which remains highly uncertain. The cost-driven inflation is not expected to have a significant impact on the broader price trends given the stable domestic demand conditions. Core inflation is expected to increase modestly.

The ringgit, along with other emerging market currencies, has continued to stabilise. The implementation of financial market development measures has had a positive impact on the domestic financial markets. Banking system liquidity remains sufficient. Financial institutions continue to operate with strong capital and liquidity buffers and the growth of financing to the private sector is consistent with the pace of economic activity.

At the current level of the OPR  (Overnight Policy Rate), the stance of monetary policy is accommodative and supportive of economic activity. The MPC will continue to assess the balance of risks surrounding the outlook for domestic growth and inflation.





Wednesday February 22 2017
Malaysia Inflation Rate At 11-Month High Of 3.2% In January
Statistics of Malaysia l Chusnul Ch Manan | chusnul@tradingeconomics.com

Consumer prices in Malaysia rose 3.2 percent year-on-year in January of 2017, compared to a 1.8 percent increase in December 2016 and above markets expectations of a 2.8 percent rise. It was the highest inflation rate since February 2016, mainly driven by a faster increase in prices of food and non alcoholic beverages and a surge in cost of transport.

Year-on-year, upward prices pressure came from: food & non-alcoholic beverages (4.0 percent from 3.7 percent in December), transport (8.3 percent from -0.6 percent), alcoholic beverages & tobacco (0.2 percent from 0.1 percent); housing, water, electricity, gas & other fuels (1.9 percent from 2.1 percent); furnishing, household equipment and routine maintenance (1.5 percent from 1.4 percent), health (2.5 percent from 2.4 percent), recreation services & culture (3.2 percent from 3.3 percent), education (2.0 percent from 1.7 percent), restaurants & hotels (2.1 percent from 1.9 percent) and miscellaneous goods & services (1.4 percent from 1.8 percent). In contrast, downward prices pressure came from: clothing and footwear (-0.7 percent from -0.5 percent) and communication (-0.2 percent from -2.6 percent).
 
Among food & non-alcoholic beverages, customers had to pay more for all categories: food (4.0 percent from 3.8 percent); food at home (4.4 percent from 4.1 percent); rice, bread & other cereals (0.8 percent from 0.7 percent); meat (2.0 percent from 3.0 percent); fish & seafood (6.1 percent from 5.6 percent); milk & eggs (0.5 percent from 0.1 percent), oils & fats (37.9 percent from 36.9 percent), fruits (2.1 percent from 2.7 percent); vegetables (7.8 percent from 4.8 percent); sugar, jam, honey, chocolate & confectionary (0.4 percent from 2.0 percent); food products (5.4 percent from 5.4 percent), food away from home (3.6 percent from 3.5 percent) and coffee, tea, cocoa & non-alcoholic beverages (0.0 percent from 0.3 percent).
 
Core consumer prices went up 2.3 percent year-on-year, following a 2.1 percent gain in December and marking the highest figure in nine months.
 
On a monthly basis, consumer prices increased by 1.1 percent in January, compared to a flat reading in the prior month. Prices rose for: food & non-alcoholic beverages & tobacco ( 0.9 percent); furnishings, household equipment and routine maintenance ( 0.4 percent), health (0.3 percent), transport (5.9 percent), education (1 percent), restaurants & hotels ( 0.3 percent) and miscellaneous goods and services (0.1 percent). Prices were flat for alcoholic beverages & tobacco, clothing & footwear; housing, water, electricity, gas & other fuels and communication. 


Thursday February 16 2017
Malaysia GDP Growth Strongest In A Year In Q4
Bank Negara Malaysia | Rida Husna | rida@tradingeconomics.com

Malaysian economy expanded 4.5 percent year-on-year in the fourth quarter of 2016, compared to a 4.3 percent growth in the previous three months and in line with markets expectations. It was the strongest expansion since the December quarter 2015, mainly supported by a rebound in exports and a faster increase in investment while private consumption remained robust.

In the December quarter, private consumption grew by 6.2 percent year-on-year, slower than  a 6.4 percent rise in the previous quarter, supported by continued wage and employment growth. Public consumption contracted by 4.2 percent, compared to a 2.2 percent growth in the third quarter, due to rationalisation of  spending on supplies and services and a moderation in growth of spending on emoluments. Gross fixed capital formation rose 2.4 percent, faster than a 2.0 percent expansion in the preceding quarter. Private investment advanced by 4.9 percent, following a 4.7 percent rise in the third quarter, supported by continued capital spending in the services and manufacturing sectors. Meanwhile, public investment remained in contraction, following a 3.8 percent decline in the prior quarter. Exports rose 1.3 percent, rebounding from  a 1.3 percent decline in the September quarter. Imports also went up 0.7 percent, compared to a 2.3 percent fall in the previous three months.

On the production side, services sector grew the most by 5.5 percent (from 6.1 percent in the preceding three months, supported primarily by consumption-related services), followed by construction (5.1 percent from 7.9 percent, largely driven by the civil engineering sub-sector), mining (4.9 percent from 3.0 percent, due to an increase of natural gas output) and manufacturing (4.8 percent from 4.2 percent, supported by higher growth in both domestic and export-oriented industries). In contrast, the agriculture sector shrank 2.4 percent, slowing from a 6.1 percent contraction in the September quarter, due to diminishing impact of El Nino on crude palm oil yields. 

Moving forward, the external environment may continue to remain challenging while the Malaysian economy will experience sustained growth with the primary driver being domestic demand. Private consumption is anticipated to remain supported by wage and employment growth, with additional impetus coming from announced Government measures to support disposable income of households. Investment activity will continue to be anchored by the on-going implementation of infrastructure projects and capital spending in the manufacturing and services sectors.

On a quarter-on-quarter seasonally-adjusted basis, the economy grew by 1.4 percent, the same as a downwardly revised 1.4 percent growth in the previous period.

Considering full 2016, the economy advanced 4.2 percent, compared to a 5.0 percent expansion in 2015.






Wednesday February 08 2017
Malaysia Trade Surplus Narrows To 3-Month Low
Statistics malaysia l Rida Husna | rida@tradingeconomics.com

Malaysia reported a MYR 8.72 billion trade surplus in December of 2016, compared to a MYR 8.25 billion surplus a year earlier while market expected a MYR 9.30 billion surplus. It was the smallest surplus since September, as imports rose more than exports.

Year-on-year sales increased by 10.7 percent to MYR 75.6 billion, following a 7.8  percent rise in November and above market consensus of a 9.4 percent growth. It was the second straight month of, as sales went up for: electrical & electronic products (9.0 percent to MYR 27.0 billion, 35.8 percent of total exports), palm oil and palm based products (+24.5 percent to MYR 6.4 billion, 8.5 percent share), crude petroleum (15.9 percent to MYR 2.5 billion, 3.3 percent share), natural rubber (39.0 percent to MYR 426.9 million, 0.6 percent share) and timber and timber-based products (4.5 percent to MYR 2.1 billion, 2.7 percent share). In contrast, outbound shipments fell slightly for LNG (-0.5 percent to MYR 3.8 billion, 5.0 percent share).

Exports increased to China (22.2 percent), the US (+1.7 percent) and the EU countries (5.8 percent).

Imports went up 11.5 percent to MYR 66.8 billion, compared to a 11.2 percent growth in the preceding month and higher than market expectations of a 9.0 percent increase. It was also the second consecutive month of rise, as purchases went up for all categories: intermediate goods (9.8 percent, due to industrial supplies, processed: 14.2 percent; parts & accessories of capital goods except transport equipment: 8.1 percent and fuel & lubricants, processed, others: +58.8 percent and fuel & lubricants, primary: 78.7 percent), capital goods (13.4 percent, due to an increase in capital goods except transport equipment: 13.8 percent) and consumption goods  (9.6 percent, due to an increase in food & beverages, primary, mainly for household consumption: 15.6 percent and durables: 15.6 percent).

In November 2016, trade surplus stood at MYR 9.03 billion. 


Thursday January 19 2017
Malaysia Holds Key Rate Steady at 3% in January
Bank Negara Malaysia l Rida Husna | rida@tradingeconomics.com

Malaysia's central bank left its benchmark overnight policy rate unchanged at 3.0 percent on January 19th 2017, as expected. While saying that headline inflation is expected to average higher this year amid the prospect of global oil prices, policymakers are confident these factors would not cause significant spillovers to the broader price trends, given the stable domestic demand conditions.

Statement by the Bank Negara Malaysia:

The global economy continued to grow at a moderate pace. Economic activity in the major advanced economies has improved. In Asia, growth is supported by domestic demand amid some recovery in external demand. For 2017, the global economy is projected to expand at a slightly faster pace. The prospect of a shift towards progressive use of fiscal policy in the developed economies could lead to a more balanced policy environment that would support growth. Nevertheless, heightened uncertainty and downside risks to global growth remain, arising from risks of protectionism, geopolitical developments and commodity price volatility. These risks could also lead to episodes of increased financial market volatility.

For Malaysia, latest indicators point to continued expansion in the fourth quarter of 2016. Going forward, private sector activity will remain the key driver of growth. Private consumption is expected to be sustained by continued wage and employment growth, with support from various policy measures to raise disposable income. Investment activity, although moderating, will be supported by on-going infrastructure development projects and capital spending in the manufacturing and services sectors. On the external front, the expected improvement in exports will provide some support to growth. Overall, the economy remains on track to expand as projected.

Headline inflation averaged 2.1 percent in 2016 and is expected to average higher in 2017, amid the prospect of higher global oil prices. These cost factors are not expected to cause significant spillovers to the broader price trends, given the stable domestic demand conditions. Underlying inflation, as measured by the core inflation index, is therefore expected to remain stable.

The ringgit, along with other emerging market currencies, has seen a reduction in volatility since the sharp adjustments experienced towards the end of 2016. The implementation of financial market development measures has provided stability to the domestic foreign exchange market. Uncertainties in the global economy, the policy environment and geopolitical developments may, however, result in bouts of volatility in the regional financial and foreign exchange markets. In this regard, Bank Negara Malaysia will continue to provide liquidity to ensure the orderly functioning of the financial markets. Banking system liquidity remains ample. Financial institutions continue to operate with strong capital and liquidity buffers and the growth of financing to the private sector is consistent with the pace of economic activity.

At the current level of the OPR (Overnight Policy Rate), the degree of monetary accommodativeness is consistent with the policy stance to ensure that the domestic economy continues on a steady growth path amid a stable core inflation, supported by sustained financial intermediation in the economy. While the risks of destabilising financial imbalances are contained, the MPC will monitor these risks to ensure the sustainability of the overall growth prospects. The MPC will continue to assess the balance of risks surrounding the outlook for domestic growth and inflation.


Wednesday January 18 2017
Malaysia Inflation Rate Steady at 1.8% in December
Statistics of Malaysia | Chusnul Ch Manan l chusnul@tradingeconomics.com

Consumer prices in Malaysia rose 1.8 percent year-on-year in December of 2016, the same as in November but slightly below markets expectations of a 1.9 percent rise. The inflation rate remained at the highest level since May, mainly due to rising prices of food and non alcoholic beverages while inflation for housing & utilities were steady and cost of transport fell much less than in a month earlier. Core consumer prices rose 2.1 percent year-on-year in December, compared to a 2.2 percent gain in November. On a monthly basis, consumer prices were flat, after a 1.0 percent rise in the preceding month.

Year-on-year, prices increased at a faster pace for : recreation services & culture (+3.3 percent from +3.2 percent). Prices rose at a slower pace for :  food & non-alcoholic beverages (+3.7 percent from +3.8 percent in November), alcoholic beverages & tobacco (+0.1 percent from +1.9 percent), education (+1.7 percent from +1.9 percent) and health (+2.4 percent from +2.5 percent). Prices steady for : housing, water, electricity, gas & other fuels (2.1 percent); furnishing, household equipment and routine maintenance (+1.4 percent); restaurants & hotels (+1.9 percent), and miscellaneous goods & services (+1.8 percent). In contrast, downward prices pressure came from: clothing and footwear (-0.5 percent from -0.5 percent), transport (-0.6 percent from -1.5 percent), and communication (-2.6 percent from -2.7 percent).
 
Among food & non-alcoholic beverages, customers had to pay more for all categories: food (+3.8 percent from +4.0 percent); food at home (+4.1 percent from +4.2 percent); rice, bread & other cereals (+0.7 percent from +0.9 percent); meat (+3.0 percent from +6.0 percent); fish & seafood (+5.6 percent from +4.5 percent); milk & eggs (+0.1 percent from +1.1 percent), oils & fats (+36.9 percent from +36.6 percent), fruits (+2.7 percent from +2.7 percent); vegetables (+4.8 percent from +3.6 percent); sugar, jam, honey, chocolate & confectionary (+2.0 percent from +1.9 percent); food products (+5.4 percent from +5.8 percent), food away from home (+3.5 percent from +3.4 percent) and coffee, tea, cocoa & non-alcoholic beverages (+0.3 percent from +0.1 percent).
 
Core consumer prices rose 2.1 percent year-on-year in December, compared to a 2.2 percent gain in November.

On a monthly basis, consumer prices were flat, after a 1 percent gain in a month earlier. Prices went up at a faster pace for: restaurants & hotels ( +0.2 percent from +0.1 percent). Prices steady for :  furnishing, household equipment and routine maintenance ( +0.1 percent). Prices rose at a slower pace for : food & non-alcoholic beverages & tobacco ( +0.6 percent from +1.0 percent) and health (+0.2 percent  from +0.3 percent). Prices were flat for housing, water, electricity, gas & other fuels (from +0.5 percent) and education (from +0.1 percent). In contrast prices fell for miscellaneous goods and services ( -0.2  percent from +0.5 percent) and transport (-1.4 percent  from +4.5 percent).
 
 
 
 




Wednesday January 18 2017
Malaysia Inflation Rate Steady at 1.8% in December
Statistics of Malaysia l Chusnul Ch Manan | chusnul@tradingeconomics.com

Consumer prices in Malaysia rose 1.8 percent year-on-year in December of 2016, the same as in November but slightly below markets expectations of a 1.9 percent rise. The inflation rate remained at the highest level since May, mainly due to rising prices of food and non alcoholic beverages while inflation for housing & utilities were steady and cost of transport fell less than in a month earlier. Core consumer prices rose 2.1 percent year-on-year in December, compared to a 2.2 percent gain in November. On a monthly basis, consumer prices were flat, after a 1.0 percent rise in a month earlier.

Year-on-year, upward prices pressure came from: food & non-alcoholic beverages (+3.7 percent from +3.8 percent in November), alcoholic beverages & tobacco (+0.1 percent from +1.9 percent); housing, water, electricity, gas & other fuels (2.1 percent from +2.1 percent); furnishing, household equipment and routine maintenance (+1.4 percent from +1.4 percent), health (+2.4 percent from +2.5 percent), recreation services & culture (+3.3 percent from +3.2 percent), education (+1.7 percent from +1.9 percent), restaurants & hotels (+1.9 percent from +1.9 percent) and miscellaneous goods & services (+1.8 percent from +1.8 percent). In contrast, downward prices pressure came from: clothing and footwear (-0.5 percent from -0.5 percent), transport (-0.6 percent from -1.5 percent) and communication (-2.6 percent from -2.7 percent).
 
Among food & non-alcoholic beverages, customers had to pay more for all categories: food (+3.8 percent from +4.0 percent); food at home (+4.1 percent from +4.2 percent); rice, bread & other cereals (+0.7 percent from +0.9 percent); meat (+3.0 percent from +6.0 percent); fish & seafood (+5.6 percent from +4.5 percent); milk & eggs (+0.1 percent from +1.1 percent), oils & fats (+36.9 percent from +36.6 percent), fruits (+2.7 percent from +2.7 percent); vegetables (+4.8 percent from +3.6 percent); sugar, jam, honey, chocolate & confectionary (+2.0 percent from +1.9 percent); food products (+5.4 percent from +5.8 percent), food away from home (+3.5 percent from +3.4 percent) and coffee, tea, cocoa & non-alcoholic beverages (+0.3 percent from +0.1 percent).
 
Core consumer prices rose 2.1 percent year-on-year in December, compared to a 2.2 percent gain in November. 
 
On a monthly basis, consumer prices unchanged, after a 1 percent gain in a month earlier. Prices went up for: food & non-alcoholic beverages & tobacco ( +0.6 percent from +1.0 percent); furnishings, household equipment and routine maintenance ( +0.1 percent from +0.1 percent), health (+0.2 percent  from +0.3 percent), transport (-1.4 percent  from +4.5 percent), education (0 percent from +0.1 percent), restaurants & hotels ( +0.2 percent from +0.1 percent) and miscellaneous goods and services ( -0.2  percent from +0.5 percent). Prices were flat for housing, water, electricity, gas & other fuels (from +0.5 percent).
 
 
 
 


Friday January 06 2017
Malaysia Trade Surplus Below Consensus in November
Statistics Malaysia l Rida Husna | rida@tradingeconomics.com

Malaysia posted a MYR 9.0 billion trade surplus in November of 2016, narrowing from a MYR 10.2 billion surplus a year earlier while market expected a MYR 10.1 billion surplus, as imports rose more than exports.

Year-on-year sales increased by 8.0 percent to MYR 72.8 billion, rebounding from a 8.6 percent drop in October and beating market consensus of a 1.4 percent gain. It was the first rise since August, as sales went up for: electrical & electronic products (+13.2 percent to MYR 26.2 billion, 35.9 percent of total exports), palm oil and palm based products (+24.3 percent to MYR 6.6 billion, 9.1 percent share), natural rubber (+27.6 percent to MYR 332.1 million, 0.5 percent share), timber and timber-based products (+2.1 percent to MYR 1.9 billion, 2.6 percent share) and refined petroleum products (+0.1 percent to MYR 4.4 billion, 6.0 percent share). In contrast, outbound shipments fell for: LNG (-21.3 percent to MYR 3.1 billion, 4.3 percent share) and crude petroleum (+6.1 percent to MYR 2.5 billion, 3.4 percent share).

Exports increased to China (+11.2 percent), the US (+9.8 percent) and Singapore (+15.4 percent). In contrast, sales was down to Japan (-1.5 percent) and Thailand (-0.6 percent).

Imports went up 11.2 percent to MYR 63.8 billion, compared to a 6.6 percent drop in the preceding month and much higher than market expectations of a 3.0 percent growth. It was the first increase in three months, as purchases went up for all categories: intermediate goods (+11.3 percent, due to industrial supplies, processed: +20.9 percent, fuel & lubricants, processed, others: +58.8 percent and fuel & lubricants, primary: +86.3 percent), capital goods (+13.1 percent, due to an increase in both capital goods except for transport equipment: +10.0 percent) and transport equipment, industrial (+42.0 percent) and consumption goods  (+5.4 percent, due to an increase in non-durables: +17.6 percent and semi-durables: +5.9 percent).

In October 2016, trade surplus stood at MYR 9.8 billion.