Trade With ASEAN Up 2.6 Pct in June 2017

KUALA LUMPUR, Aug 4 (Bernama) -- Trade with ASEAN grew by 2.6 per cent to RM36.29 billion, accounting for 26.6 per cent of Malaysia’s total trade in June 2017 compared to June 2016. In a statement Friday, the Ministry International Trade and Industry (MITI) said exports expanded by 1.9 per cent to RM20.36 billion, while imports rose by 3.6 per cent to RM15.93 billion year-on-year. "The increase in exports were attributed to higher exports of electrical and electronic (E&E) products, transport equipment, machinery, equipment and parts, as well as rubber products," said the ministry. Among the major markets within ASEAN, exports to Singapore, Thailand and the Philippines recorded an increase. "Exports to Singapore rose by RM893 million, contributed largely by higher exports of E&E products. "Exports to Thailand increased by RM92.2 million and exports to the Philippines expanded by RM201.9 million, both owing to higher exports of petroleum products," it said. On a month-on-month basis, MITI said the total trade, exports and imports with ASEAN declined by 14 per cent, 15.6 per cent and 12 per cent, respectively. -- BERNAMA