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)
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