Malaysia’s Exports Grow 1.6%, Lower than Expected

Malaysia’s exports increased by 1.6% in January, compared with last year. It was lower than expected, according to the government’s data on Monday.

In January, the exports were forecast to grow 7.4%, according to economists in Reuters’ survey.

The imports in January rose 2.3% from last year, citing data from the International Trade and Industry Ministry. Analysts expected an annual increase of 10.1%.

Malaysia had a trade surplus of 18.16 billion ringgit in January, down from the revised surplus of 28.14 billion ringgit the previous month.