An aromatic polyester consisting of 40-70 mol % of unit I derived from p-hydroxybenzoic acid, 1-8 mol % of unit II derived from m-hydroxybenzoic acid or isophthalic acid, 6-36 mol % of units III and IV derived from terephthalic acid and 2,6-naphthalene dicarboxylic acid, respectively, and 10-40 mol % of unit V derived from a symmetrical dihydroxy compound can be melt molded at a temperature of up to 330.degree. C. into an article having improved mechanical and thermal properties. An aromatic polyesteramide consisting of components I to V and unit VI having an anilino group is also provided. A filled composition is obtained by blending the polyester or polyesteramide with an inorganic filler. A magnetic resin composition is obtained by blending the polyester or polyesteramide with a magnetic powder.