Economy

Malaysia’s March Exports Highest In Nearly Four Years, Elevated Expansion Seen In Coming Months

Malaysia’s exports grew 31% to RM104.95 billion in March from a year earlier, the largest year-on-year expansion in nearly four years, boosted by higher global demand notably for electrical and electronic (E&E) products, mainly semiconductors used in 5G technology and high-performance computing, as well as rubber products.

This not only extended the double-digit growth in February of 17.6%, but also surpassed the RM100 billion mark – a level yet to be seen since July 2017 and ahead of Bloomberg‘s estimate of 22.7%.

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