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Nikkei Markets

Malaysia's October exports shrink for third straight month

Economists flag risks to economic growth as prospects of rebound looks blurry

KUALA LUMPUR (Nikkei Markets) -- Malaysia's October exports contracted 6.7% from a year earlier due to lower shipments of key electrical and electronics products, official data Wednesday showed.

Exports in October totalled 90.6 billion ringgit ($21.7 billion), according to data released by the Department of Statistics. That compared with September's 6.8% year-on-year decline. Trade surplus however, widened to an all-time high of 17.3 billion ringgit as imports fell faster than exports.

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