Malaysia’s exports fell 9% in October, the fastest rate since April 2015 and worse than the 6% drop economists’ expected. A 40% drop in LNG exports and 28% slump in oil exports were to blame, with the recent OPEC decision potentially reversing the trend in November. Exports to China increased 3%, likely including an increase in semiconductor exports that Taiwan’s November data also showed. Exports to the U.S. fell for the first time after 16 months of growth – consumer appliances and solar panels may experience further declines in November.
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