Exports Highest In More Than Seven Years

Economic Research	10 July 2017
Malaysia
Economic Update
Exports Highest In More Than Seven Years Export growth picked up to its strongest pace in more than seven years, at 32.5% YoY, in May. This was mainly on the back of a pick-up in shipments of E&E and non-E&E exports. As the robust pace looks sustainable, we expect exports to grow by 10% YoY this year, from +1.1% YoY in 2016 on account of the: 1.   Recovery in demand for commodity products, aided by higher prices; 2.   Pick-up in global semiconductor sales since late 2016, translating to higher E&E exports; 3.   Improving global trade outlook on the back of stronger global growth prospects. Economist:  Vincent Loo Yeong Hong  | +603 9280 2172 Economist:  Aris Nazman Maslan  | +603 9280 2184