- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- Malaysia: Exports slumped in June – UOB
Malaysia: Exports slumped in June – UOB
Senior Economist Julia Goh and Economist Loke Siew Ting at UOB Group assess the larger-than-expected drop in Malaysian exports in July.
Key Takeaways
Gross exports maintained a double-digit contraction of 13.1% y/y in Jul (Jun: 14.1%), steeper than our estimate (-10.5%) and Bloomberg consensus (-11.1%). Imports also kept a double-digit decline at 15.9% (UOB est: -18.5% vs Bloomberg est: -15.4%, Jun: -18.7%). This resulted in a smaller trade surplus of MYR17.1bn (Jun: +MYR25.8bn).
Jul’s export decline was brought by a broad-based weakness across all three export sectors for a second consecutive month. Within the manufacturing sector, shipments of commodity-based products (i.e. refined petroleum, chemicals & chemical products, and manufactures of metal) dropped the most during the month as a consequence of subdued global demand and lower commodity prices. A persistent fall in shipments to key export destinations that included the EU, Japan, Hong Kong, India and ASEAN region fully offset the effects of a positive growth rebound in exports to the US and China.
Meanwhile, there are no signs of trade rebounding as yet given risks ranging from softening global growth momentum, increasing trade restrictions to climate shocks. China’s sagging economy further poses perils for countries around the globe while the possibility of a slightly more restrictive policy path in the developed markets would further tighten global financial and credit conditions that will subsequently weigh on global trade. This coupled with unfavourable base effects continue to reinforce our 2023 full-year export outlook at -7.0% (BNM est: +1.5%, 2022: +24.9%).
© 2000-2025. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.
Банковни транcфери
