External trade continues uptrend

Quick Summary:

Economists are shading their optimism with a sense of prudence over the outlook for Malaysia’s external trade although August numbers again showed the country’s international transactions continue to grow.

Chief economist at Bank Muamalat Malaysia Bhd Mohd Afzanizam Abdul Rashid said Malaysia would gain from the improvement in global demand for semiconductors given these products make up a sizeable share in Malaysia’s exports.

It said as of July, global semiconductor sales surged by 18.7% y-o-y, reaching US$51.3bil, and the impressive growth has been driven by strong demand in the Americas, China and Asia-Pacific, although Japan and Europe saw slight declines.

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Article Details

Author / Journalist: KEITH HIEW

Category: EconomyBusiness

Markets: MalaysiaChinaJapanSingaporeThailandUnited StatesVietnam

Topics: TradeBalance ExportTrends EconomicGrowth MalaysiaTrade /Business/Business News ImportsSurge Economy SemiconductorMarket GlobalDemand

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-20 @ 00:00:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 984 words

Reading Time: 6 minutes read

Sentences: 29 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22607584

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 39 posts per day

Year Established: 1971

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News Last Updated: 1 hours ago

Coverage Areas: Malaysia

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Publisher ID: #22

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