Malaysia trade surplus down by 25pc in Nov
AFP, Kuala Lumpur
Malaysia's trade surplus in November dropped 25 percent from October and was down 9.7 percent year-on-year as exports dipped due to high inventories, the trade ministry said Monday. The country posted its 85th consecutive trade surplus in November of 5.98 billion ringgit (1.57 billion dollars), with exports falling 12 percent month-on-month to 38.86 billion ringgit and imports down 9.1 percent to 32.87 billion, it said in a statement. However, compared with a year earlier, exports in November were up 16.9 percent while imports rose 23.5 percent, it said. For the first 11 months of the year, the ministry said total exports hit 437.06 billion ringgit, exceeding the 398.88 billion ringgit recorded in 2003. The trade surplus for the 11-month period stood at 74.02 billion ringgit.
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