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Malaysia's July exports rise 5per cent, below forecast

Malaysia's July exports rise 5per cent, below forecast

FILE PHOTO: A container is seen near Northport in Klang outside Kuala Lumpur June 6, 2014. REUTERS/Samsul Said

Aug 27 : Malaysia's exports in July rose 5per cent from a year earlier, but less than forecast,  government data showed on Friday.​

July's exports was expected to rise 9.7per cent, according to 11 economists surveyed in a Reuters poll.

Imports in July grew 24per cent from a year earlier, the data showed. Analysts were expecting a 19.4per cent rise, according to 11 economists surveyed in a Reuters poll.

Malaysia's trade surplus  in July narrowed to 13.7 billion ringgit from 22.2 billion ringgit surplus the previous month . Analysts had forecast a surplus of 20 billion ringgit.

Source: Reuters

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