09 January 2013 06:57 [Source: ICIS news]
SINGAPORE (ICIS)--Malaysia’s chemical exports rose by 6.5% year on year to ringgit (M$) 3.81bn ($1.25bn) in November last year, buoyed by the increase in shipments to China, official data showed on Wednesday.
The country’s exports of refined petroleum products were up by 7.1% year on year at M$4.14bn in November 2012, while shipments of palm oil rose by 8.6% to M$5.04bn, the Department of Statistics said in its trade report.
Malaysia’s total exports rose by 3.3% year on year to M$58.7bn in November last year, while imports were up by 4.3% at M$49.4bn, it said.
“China was the largest export market in November 2012 with [overall] exports amounting to M$7.73bn, an increase of 5.4% compared with a year ago, due mainly to higher exports of manufactured goods especially chemicals and chemical products and rubber products,” the department said.
For the first 11 months of 2012, Malaysia’s total exports rose by 1.3% year on year to M$645.5bn, while imports grew by 7.1% to M$558.3bn, resulting in a trade surplus of about M$87bn, it said.
($1 = M$3.04)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections