Malaysia's May exports down 25.5%, worst in 11 years

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This comes amid a global slowdown caused by the Covid-19 crisis. FMTNews Covid19

The government says Malaysia’s trade balance returned to a surplus of RM10.4 billion in May.

Reuters reported that the contraction was sharper than the 19.9% drop forecast by analysts, and the lowest since May 2009 when exports tumbled 29.5%. In April, shipments had fallen 23.8% year-on-year.

 

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