Malaysia's Exports To China Shows Big Decline

From Malaysia Department of Statistics: Preliminary Release of Malaysia External Trade Statistics April 2010 (Updated:04/06/2010)

The following caught my attention...

• Exports to the PRC increased by 28.0% from April 2009 to RM6.53 billion. This was mainly contributed by higher exports of E&E products, palm oil, chemicals and chemical products, rubber products and LNG. Compared with March 2010, exports to the PRC contracted by 18.1%.

On a y-y our exports to PRC did increase by 28% but that comparison to 2009 is a waste of time because 2009 was a period where everything collapsed. (ps: do see this posting: Do Not Be Fooled By Headline Numbers )

So in my flawed opinion the biggest concern is...

• exports to the PRC contracted by 18.1%.

See posting last month: Regarding Malaysia Booming Trade

• Exports to the PRC rose to a new monthly high of RM7.98 billion

Our Aprils exports to the PRC is now only RM6.53 billion.

Is the contraction a worry?