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Malaysia reports exports up 7.8%, imports increased 12.1% in March

AFP
May 7, 2011, 11:00 pm TWN

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KUALA LUMPUR -- Malaysia said Friday its exports, the mainstay of the country's economy, rose 7.8 percent year-on-year in March, as world trade picked up. The trade ministry said exports had reached 64.06 billion ringgit (US$21.35 billion) while imports increased by 12.1 percent to hit 50.53 billion ringgit.

Total trade for March saw an annual increase of 9.6 percent to 114.59 billion ringgit. The rise in exports was lower than that of February, which saw a 10.8 percent increase on the previous year.

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