February 8, 2017 / 8:19 AM / 6 months ago

UPDATE 1-Malaysia's Dec exports up 10.7 pct, beat forecast

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    * Dec exports +10.7 pct y/y vs Reuters poll +9.4 pct
    * Dec imports +11.5 pct y/y vs poll f'cast +9.0 pct
    * Trade surplus 8.72 bln rgt vs poll f'cast of 9.3 bln rgt
    * Exports to China +22.2 pct y/y, U.S. +1.7 pct, EU +5.8 pct

    KUALA LUMPUR, Feb 8 (Reuters) - Malaysia's exports grew for a second
consecutive month in December on strong demand for electrical and electronic
goods, and commodities, government data showed on Wednesday.
    Exports in December expanded 10.7 percent from a year earlier, faster than
the 9.4 percent growth forecast in a Reuters poll. Exports grew 7.8 percent in
November.
    The growth was were led by manufactured goods that accounted for 80.9
percent of total outgoing shipments, according to data from the country's
International Trade and Industry Ministry.
    Imports in December rose 11.5 percent, following November's increase of 11.2
percent.
    Trade surplus in December slightly narrowed to 8.72 billion ringgit ($1.96
billion), from 9.03 billion ringgit the previous month.
    Exports to China rose 22.2 percent from a year earlier. Demand from the
United States went up 1.7 percent while exports to the EU grew 5.8 percent.
    Malaysia's total trade for 2016 amounted to 1.485 trillion ringgit, up 1.5
percent from a year earlier.
    Malaysia reports trade figures in ringgit.
        
    For a graphic on Malaysia's exports and imports, click: link.reuters.com/xyb28s
    
    KEY DATA   
    (Exports and imports in percent, trade in billions of ringgit)      
    
                Dec     Nov      Oct     Sept    Aug     July    June    May
   Exports     75.6     72.8    69.2     68.0    67.6    59.9    66.5   59.92
                                                                        
    y/y%       10.7     7.8     -8.6     -3.0    1.5     -5.3    3.4     -0.9
   Imports     66.8     63.8    59.4     60.5    59.1    57.9    60.9   56.66
                                                                        
    y/y%       11.5     11.2    -6.6     -0.1    4.9     -4.8    8.3     3.1
   Balance     8.72     9.03    9.76     7.56    8.51    1.91    5.52    3.26
                                                                        
 
    MAIN EXPORTS
                          Dec 2016       % of      % change  
                                                       
                           (bln rgt)    total    vs year ago 
                                                       
 Electrical &               27.0         35.8         9
 Electronic Products                             
 Palm oil & Palm-based       4.4         5.8         19.8
 products                                        
                                                 
 Liquefied natural gas       3.8          5          -0.5
 Chemicals and               5.6         7.4         19.7
 products                                        
 Crude oil                   2.5         3.3         15.9
                                                 
 Petroleum products          5.7         7.6         58.6
 Machinery                   3.0         4.0        -10.9
 Metal                       2.9         3.8        -10.6
    
  EXPORT MARKETS                    
                  (bln rgt)     % of total    % yr/yr
                                            
 China               10.2         13.5         22.2
 Singapore           10.9         14.4         13.5
 Japan               6.0           7.9         -7.5
 USA                 7.2           9.5          1.7
 Thailand            4.2           5.6          9.4
 
 ($1 = 4.4380 ringgit)

 (Reporting by Joseph Sipalan; Editing by Sunil Nair and Gopakumar Warrier)
  

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