Subscribe free to our newsletters via your
. Solar Energy News .




TRADE WARS
Malaysian exports sustained by China, Japan demand
by Staff Writers
Kuala Lumpur (AFP) Aug 8, 2012


Malaysia's June export growth slowed to 5.4 percent but rising demand from regional heavyweights China and Japan helped offset shrinking shipments to struggling Europe, the government said Wednesday.

Malaysian exports reached 61 billion ringgit ($19.6 billion) in June, marking a slowdown compared to June 2011, when exports grew a year-on-year 8.6 percent, and May's 6.7-percent increase, the trade ministry said.

However, analysts said the country's vital export sector beat expectations and called the performance positive amid global sluggishness, particularly as regional economies such as Singapore and South Korea have seen recent export declines.

Exports to the Association of Southeast Asian Nations' 10 member countries rose 4.2 percent to 15.3 billion ringgit while shipments to China surged 13.2 percent to 8.3 billion, and those to Japan rose 25 percent to 7.1 billion ringgit.

Exports to struggling European Union economies, however, fell 8.4 percent to 5.37 billion ringgit, the third straight monthly decline.

The trade performance will sustain hopes that Malaysia can achieve targeted economic growth of 4-5 percent for 2012, said Yeah Kim Leng, chief economist with financial research firm RAM Holdings.

"The June numbers have eased concerns of a slowdown in Malaysian exports," he said.

"We hope a revival in China's growth and a further recovery in Japan will boost global demand."

Southeast Asia's third-largest economy, Malaysia saw exports shrink slightly in March and April due in large part to the debt crisis in eurozone countries.

The resource-rich nation relies heavily on exports of commodities such as palm oil and energy products as well as some manufactured goods such as electronics.

China, the world's number two economy, supplanted Singapore last year as Malaysia's top export market.

Malaysian imports grew 3.6 percent to 51.78 billion ringgit in June.

Total trade grew 5.9 percent for the first six months of the year, with exports up 4.2 percent over that period.

.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








TRADE WARS
Italian steel giant ordered to upgrade but plant kept open
Rome (AFP) Aug 7, 2012
An Italian court Tuesday ordered the country's biggest steel plant to clean up its act but did not call for closure despite fears that chemicals spewed by the unit were behind the high cancer rates in the region. One of Europe's biggest steel factories, the ILVA plant had become the scene of a fierce stand-off between those who want it closed and thousands of families that depend on it at a ... read more


TRADE WARS
German National Academy of Sciences issues a critical statement on the use of bioenergy

U.S, Australian navies focus on new fuels

Strategies to improve renewable energy feedstocks

Brazil to build first algae-based biofuel plant

TRADE WARS
Dextrous robotic hand gets thumbs up

The first robot that mimics the water striders' jumping abilities

Insect-like robot can walk, leap on water

NRL Brings Inertia of Space to Robotics Research

TRADE WARS
Mexico goes ahead with wind power project

Wales wind power line plans draw protests

Offshore use of vertical-axis wind turbines gets closer look

SeaRoc to provide full installation services on Narec's Offshore Anemometry Hub

TRADE WARS
Saab, Spyker file $3bn claim against GM

GM says China sales hit record high in July

Poll: Many think in-car technology a risk

Toyota says quarterly profit skyrockets to $3.71 bn

TRADE WARS
Turkish gas firms eyeing Bulgarian market

Blast interrupts Iraq-Turkey oil pipeline

China welcomes Sudan, South Sudan oil deal

"Green Metal" is an Essential Element for Renewable Energy

TRADE WARS
South Korea restarts oldest reactor

Japan A-bomb survivors warn against nuclear power

carboNZero Holdings and Energy and Technical Services Limited (ETSL) form Strategic Partnership

AREVA joins the World Association of Nuclear Operators

TRADE WARS
Defense, Interior develop renewables

S. Korea issues power shortage alert amid heatwave

Australia PM calls for electricity reform

S. Korea issues power shortage alert amid heatwave

TRADE WARS
New Hampshire leads U.S. in tree cover

Turkmenistan to plant huge forest in Aral Sea region

Taking Stock Of Georgia State Forests

Tropical arks reach tipping point




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement