KUALA LUMPUR: Malaysia's exports reached a new high of RM64.06 billion in March 2011, up 7.8% from March 2010, said Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed.
He said on Friday, May 6 that on a month-on-month basis, exports in March 2011 increased by 23.7%.
'The increase in exports in March 2011 of RM4.64 billion from a year ago was largely contributed by higher exports of electrical and electronic (E&E) products, refined petroleum products, palm oil, crude rubber as well as chemicals and chemical products,' he said.
During the first quarter of 2011, total exports increased 3.5% to RM170.67 billion compared with the fourth quarter of last year.
Mustapa said March 2011 imports rose by 12.1% to RM50.53 billion, resulting in a total trade of RM114.59 billion, up 9.6% from a year ago.
'A trade surplus of RM13.52 billion was registered, making it the 161th consecutive month of trade surplus since November 1997,' he said.
On a month-on-month basis, exports in March 2011 increased by 23.7%. Imports rose by 28.9% and total trade expanded by 25.9%.
He said in the January-March quarter of 2011, total exports increased 3.5% to RM170.67 billion compared with the fourth quarter of last year. Imports contracted 3.4% to RM134.59 billion and total trade increased by 0.4% to RM305.26 billion.
Compared with the first quarter of 2010, exports and imports in the first quarter of 2011 were higher by 7.5% and 12.4% respectively, while total trade increased by 9.6%.
He said on Friday, May 6 that on a month-on-month basis, exports in March 2011 increased by 23.7%.
'The increase in exports in March 2011 of RM4.64 billion from a year ago was largely contributed by higher exports of electrical and electronic (E&E) products, refined petroleum products, palm oil, crude rubber as well as chemicals and chemical products,' he said.
During the first quarter of 2011, total exports increased 3.5% to RM170.67 billion compared with the fourth quarter of last year.
Mustapa said March 2011 imports rose by 12.1% to RM50.53 billion, resulting in a total trade of RM114.59 billion, up 9.6% from a year ago.
'A trade surplus of RM13.52 billion was registered, making it the 161th consecutive month of trade surplus since November 1997,' he said.
On a month-on-month basis, exports in March 2011 increased by 23.7%. Imports rose by 28.9% and total trade expanded by 25.9%.
He said in the January-March quarter of 2011, total exports increased 3.5% to RM170.67 billion compared with the fourth quarter of last year. Imports contracted 3.4% to RM134.59 billion and total trade increased by 0.4% to RM305.26 billion.
Compared with the first quarter of 2010, exports and imports in the first quarter of 2011 were higher by 7.5% and 12.4% respectively, while total trade increased by 9.6%.
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