Malaysia's Dec exports seen rising again, import growth likely dipped

Malaysia's Dec exports seen rising again, import growth likely dipped
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KUALA LUMPUR (Feb 7): Malaysia's exports likely expanded in December for a second month, and at a faster annual pace, a Reuters poll showed.

Exports declined in September and October from a year earlier, before increasing 7.8% in November on solid shipments of manufactured and agricultural goods.

The median forecast from 10 economists is for December exports to rise 9.4%.

Economists note December saw stable global commodity prices and said annual export growth should be aided by a low base from a year earlier.

Import growth in December is seen at 9.0%, lower than November's robust 11.2%.

Malaysia reports its trade figures in ringgit.

December's trade surplus is forecast to widen slightly to RM9.3 billion (US$2.10 billion), from RM9.0 billion in November.

(US$1 = RM4.4310)