Standard Chartered Bank: Exports likely slowed in January
Quotes from Standard Chartered Bank The Department of Statistics will announce January trade data on 6 March. We expect export growth to have slowed to 0.8% y/y from 2.7% in December. Weaker commodity prices will affect …
The Department of Statistics will announce January trade data on 6 March. We expect export growth to have slowed to 0.8% y/y from 2.7% in December. Weaker commodity prices will affect Malaysia's export performance.
Tapis crude oil prices fellby about 57% y/y in January. Liquefied natural gas prices have also declined, but weexpect the pass-through to export values to be delayed due to contracted prices.
Conversely, the weak Malaysian ringgit (MYR) may support the value of exports inMYR terms.
We expect imports to have risen a modest 0.3% y/y, partly due to strong imports in December.
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