Malaysia's trade surplus widened sharply to MYR 16.3 billion in October of 2018 from MYR 10 billion in the same month of the prior year and far above market expectations of a surplus of MYR 12.5 billion. It was the largest trade surplus since October 1997, when trade balance posted a deficit MYR 0.15 billion, mainly due to a surge in exports. Year-on-year, exports grew by 17.7 percent to MYR to MYR 96.4 billion, after a 6.7 percent rise in September and far above consensus of a 6.2 percent rise. Imports rose by 11.4 percent to MYR 80.1 billion, above expectations of a 2.8 percent gain and after a 2.7 percent fall in a month earlier. Considering the first ten months of the year, the trade surplus increased sharply to MYR 102 billion from MYR 81.2 billion in the same period 2017. Balance of Trade in Malaysia averaged 3382.34 MYR Million from 1970 until 2018, reaching an all time high of 16323.97 MYR Million in October of 2018 and a record low of -2880.61 MYR Million in June of 1997.
Balance of Trade in Malaysia is expected to be 9618.00 MYR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Malaysia to stand at 8950.00 in 12 months time. In the long-term, the Malaysia Balance of Trade is projected to trend around 5000.00 MYR Million in 2020, according to our econometric models.