Exports Stay Strong; Aided By Commodities, E&E

Economic Research	5 June 2017
Malaysia
Economic Update
Exports Stay Strong; Aided By Commodities, E&E Exports continued expanding at a robust pace of 20.6% YoY in April, although growth eased slightly from March, mainly on the back of slower growth of non-E&E exports. As the robust pace in exports looks to be sustainable, we expect exports to grow by 10% this year, from +1.1% 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