Malaysia's trade surplus declined to MYR 21.9 billion in June 2022 from MYR 22.3 billion in the same month a year ago, and compared to market consensus of MYR 18.1 billion, amid a jump in imports, as domestic demand strengthened following the resumption of normal economic activity in the wake of COVID-19 disruptions. Exports grew 38.8% yoy to a record high of USD 146.2 billion, led by higher sales of mining (116.3%), agriculture sectors (46.8%), and manufactured goods (23.8%). Imports rose at a faster 49.3% to a new record peak of USD 124.2 billion as purchases grew for all categories: intermediate goods (46.9%), consumption goods (25.6%), and capital goods (30.4%). Considering the first half of the year, the trade surplus widened to MYR 123.1 billion with exports and imports rising by 26.1% and 30.9%, respectively. source: Department of Statistics, Malaysia

Balance of Trade in Malaysia averaged 4290.49 MYR Million from 1970 until 2022, reaching an all time high of 30991 MYR Million in December of 2021 and a record low of -3633.59 MYR Million in April of 2020. This page provides the latest reported value for - Malaysia Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Malaysia Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.

Balance of Trade in Malaysia is expected to be -3110.00 MYR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malaysia Balance of Trade is projected to trend around 1510.00 MYR Million in 2023 and 2230.00 MYR Million in 2024, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Malaysia Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-06-17 04:00 AM May MYR12.6B MYR23.5B MYR19.9B MYR20B
2022-07-20 04:00 AM Jun MYR21.9B MYR12.7B MYR18.1B MYR 4.5B
2022-08-19 04:00 AM Jul MYR21.9B MYR18B MYR23B


Related Last Previous Unit Reference
Balance of Trade 21931.00 12698.00 MYR Million Jun 2022
Current Account 4418.00 2983.00 MYR Million Jun 2022
Current Account to GDP 3.80 1.00 percent of GDP Dec 2021
Imports 124229.17 107875.78 MYR Million Jun 2022
Exports 146160.00 120492.00 MYR Million Jun 2022
Terms of Trade 110.60 112.00 points Jun 2022
Foreign Direct Investment 17305.14 24375.00 MYR Million Jun 2022
Capital Flows 189.00 30373.00 MYR Million Jun 2022

Malaysia Balance of Trade
International trade plays a large role in Malaysian economy. Since 1998, Malaysia have been reporting consistent trade surpluses, mainly due to rise in exports of electrical and electronics products. In 2015, the biggest trade surpluses were recorded with Hong Kong, Singapore, Japan, and United States while the biggest trade deficits with China and Taiwan. .
Actual Previous Highest Lowest Dates Unit Frequency
21931.00 12698.00 30991.00 -3633.59 1970 - 2022 MYR Million Monthly

News Stream
Malaysia Trade Surplus Larger than Expected
Malaysia's trade surplus declined to MYR 21.9 billion in June 2022 from MYR 22.3 billion in the same month a year ago, and compared to market consensus of MYR 18.1 billion, amid a jump in imports, as domestic demand strengthened following the resumption of normal economic activity in the wake of COVID-19 disruptions. Exports grew 38.8% yoy to a record high of USD 146.2 billion, led by higher sales of mining (116.3%), agriculture sectors (46.8%), and manufactured goods (23.8%). Imports rose at a faster 49.3% to a new record peak of USD 124.2 billion as purchases grew for all categories: intermediate goods (46.9%), consumption goods (25.6%), and capital goods (30.4%). Considering the first half of the year, the trade surplus widened to MYR 123.1 billion with exports and imports rising by 26.1% and 30.9%, respectively.
2022-07-20
Malaysia Trade Surplus Smallest in 2 Years
Malaysia's trade surplus declined to MYR 12.6 billion in May 2022 from MYR 13.8 billion in the same month a year ago, and far below market consensus MYR 19.9 billion. It was the smallest trade surplus since May 2020, amid a surge in imports, as domestic demand strengthened following the resumption of normal economic activity in the wake of COVID-19 disruptions. Exports rose 30.5% yoy to a three-month low of USD 120.5 billion, led by higher sales of mining (54.9%), agriculture sectors (43.9%), and manufactured goods (27.3%). Imports grew at a faster 37.3% to an all-time high of USD 107.9 billion as purchases grew for both intermediate goods (34.1%) and consumption goods (19.3%), while decreased for capital goods (-0.8%). Considering the first five months of the year, the trade surplus widened to MYR 101.1 billion from MYR 92.8 billion in the same period of 2021, with exports and imports rising by 23.5% and 27.0%, respectively.
2022-06-17
Malaysia Trade Surplus Larger than Expected
Malaysia's trade surplus widened to MYR 23.5 billion in April 2022 from MYR 20.4 billion in the same month a year ago, and beating market consensus MYR 22.7 billion, amid soaring commodity prices. Exports grew 20.7 to USD 127.5 billion, led by higher sales of mining (64.4%), agriculture sectors (29.9%), and manufactured goods (17.2%). Imports went up 22 percent to USD 103.9 billion as purchases rose for both intermediate goods (28.1 percent) and consumption goods (9.7 percent), while declined for capital goods (-2.4). Considering the first four months of the year, the trade balance posted a surplus of MYR 88.6 billion, with exports and imports rising by 21.9 percent and 24.3 percent, respectively.
2022-05-19