<\/p>\n\n\n\n
KUALA LUMPUR, April 28 (NNN-Bernama) — Malaysia is expected to continue its stellar exports growth in the first half of 2021 (1H21), said research houses.<\/p>\n\n\n\n
In its \u2018Global Economics & Market Strategy\u2019 report released Wednesday, RHB Research said export growth will be aided by a combination of elevated commodity prices, strong demand in electrical and electronics, and the low base effect.<\/p>\n\n\n\n
“For 2H21, growth should remain elevated although at a lesser pace. <\/p>\n\n\n\n
\u201cThis includes some correction to the commodity prices, while the low base effect would have a lower impact as exports perform well in 2H20,\u201d it said. <\/p>\n\n\n\n
RHB Research added that as the nation\u2019s vaccination drive picks up, the ensuing stronger global demand is likely to offset some of the downsides.<\/p>\n\n\n\n
It also said the stronger-than-estimated growth likely reflects the overall increase in global demand for goods.<\/p>\n\n\n\n
In particular, exports to the United States (US) had recorded exceptionally high growth of 67.5 per cent year-on-year (y-o-y), said the research house.<\/p>\n\n\n\n
Meanwhile, in its analysis titled ‘Malaysia: Foreign Trade’, Moody\u2019s Analytics noted that Malaysia has benefited from well-diversified trade.<\/p>\n\n\n\n
Malaysia\u2019s trade surplus rose to RM24.2 billion in March 2021, up from RM17.9 billion in February 2021, with 96.1 per cent y-o-y growth, it said. <\/p>\n\n\n\n
Moody\u2019s Analytics added that the stellar trade performance with the nation\u2019s top three major partners, namely China, Singapore and the US, points to a more optimistic recovery ahead. <\/p>\n\n\n\n
“However, Malaysia should remain vigilant to the risks of trade tension between the US and China and resurgence of COVID-19 infections in major partner countries.<\/p>\n\n\n\n
\u201cWe expect the strong growth in exports and imports to taper off in 2H21,” said Moody\u2019s Analytics. <\/p>\n\n\n\n
It noted that Malaysia’s trade performance for March 2021 outperformed all expectations with exports skyrocketing by 31 per cent y-o-y to RM104.95 billion, while imports increased by 15.9 per cent month-on-month (m-o-m) or 19.2 per cent y-o-y to RM80.79 billion.<\/p>\n\n\n\n
Given the low base year comparison, exports increased by 19.8 per cent m-o-m, which translated to a RM17.3 billion increase in value compared with the previous month. <\/p>\n\n\n\n
\u201cIn the yearly term, exports value grew by RM20 billion compared with the pre-pandemic March 2019 level, underscoring strong growth in the trade sector,\u201d added Moody\u2019s Analytics.<\/p>\n\n\n\n
— NNN-BERNAMA<\/p>\n","protected":false},"excerpt":{"rendered":"
KUALA LUMPUR, April 28 (NNN-Bernama) — Malaysia is expected to continue its stellar exports growth in the first half of 2021 (1H21), said research houses. In its \u2018Global Economics & Market Strategy\u2019 report released Wednesday, RHB Research said export growth will be aided by a combination of elevated commodity prices, strong demand in electrical and […]<\/p>\n","protected":false},"author":17,"featured_media":22946,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[215,288,300],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/120636"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=120636"}],"version-history":[{"count":0,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/120636\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/media\/22946"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=120636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=120636"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=120636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}