Negative impact of Malaysia's falling oil and commodity prices less than feared

Singapore Business Review | .

Focus less on commodities as growth indicator.

It has been noted that commodities may not be as important to Malaysia’s economy as feared.

According to a research note from Standard Chartered, when oil prices collapsed in 2015, markets were concerned about a potential collapse in Malaysia’s trade balance.

However, Malaysia is actually a slight net importer of oil products – it exported MYR 56bn of crude and petroleum products in 10M-2015, while it imported MYR 60bn.

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