Gadgets, Gloves Boost Malaysia Trade Surplus to Record: Chart - Bloomberg

in hive-116221 •  2 months ago 

STEEM POSTS

Malaysia saw a trade surplus of 25.15 billion ringgit ($6 billion) in July, breaking the record set just a month earlier. Exports rose for a second straight month, mainly driven by electronics, while shipments of rubber products surged 93.9% from a year ago. The country's rubber gloves industry has been minting billionaires left and right as demand for personal protection surges amid the coronavirus pandemic. The pickup in trade signals a recovery is underway after the government eased a lockdown that pushed the economy into contraction in the second quarter.


Shared On DLIKE

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!