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Malaysia’s March exports rebound

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Malaysia’s exports in March 2015 rebounded with a 2.3% growth to RM66.47bil from a year ago, defying economists forecast of a 4.2% decline.

The International Trade and Industry Ministry (MITI) said that exports were higher than the RM64.96bil a year ago and from the RM53.16bil in February 2015. MITI said March imports rose by 5.8% to RM58.64bil from RM55.43bil a year ago. The imports were also higher than February’s RM48.61bil.

It said trade balance widened to RM7.82bil from RM4.56bil in February, making it the 209th consecutive month of trade surplus since November 1997.

“Expansion in exports to the US, India, Hong Kong and China supported the higher exports in March 2015,” MITI said.