The trade surplus in Malaysia saw a decrease in February, as exports took a downward turn concurrently with a notable rise in imports, according to data produced by the country's official statistical office. In February, the trade surplus dwindled to MYR 10.9 billion, a significant fall from the MYR 19.6 billion recorded the same month the previous year. In comparison, the trade surplus of January was MYR 10.1 billion.
The annual exports for February declined by 0.8 percent, showing a significant change from the 8.7 percent upturn in the previous month. The reason behind this decline in export rates was notably associated with weak re-exports. At the same time, the annual increase in imports slowed down, moving from 18.7 percent in January to 8.4 percent.
When considering the data on a seasonally adjusted level, both exports and imports fell by 3.1 percent and 1.2 percent respectively, compared to the preceding month.
