Malaysia’s trade surplus jumped to MYR 20.9 billion in June 2020 from MYR 10.5 billion in the same month a year ago, and beating market expectations of MYR 12.1 billion. It was the largest trade surplus on record since the series began in 1970, as exports surged while imports fell, amid the coronavirus pandemic. Exports surged 8.8 percent, led by higher sales of manufactured and agriculture goods. Imports declined as purchases of intermediate goods fell.

Balance of Trade in Malaysia averaged 3639.88 MYR Million from 1970 until 2020, reaching an all time high of 20900 MYR Million in June of 2020 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 2020. source: Department of Statistics, Malaysia

Balance of Trade in Malaysia is expected to be 9500.00 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 -2580.00 in 12 months time. In the long-term, the Malaysia Balance of Trade is projected to trend around 12200.00 MYR Million in 2021 and -1500.00 MYR Million in 2022, according to our econometric models.

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Malaysia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
20892.00 10400.00 20892.00 -3633.59 1970 - 2020 MYR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-05-04 04:00 AM Mar MYR12.3B MYR12.6B MYR12.2B MYR 17.5B
2020-06-04 04:00 AM Apr MYR-3.5B MYR12.3B MYR11.1B MYR 9.8B
2020-06-29 04:00 AM May MYR10.4B MYR-3.6B MYR -1.5B
2020-07-28 04:00 AM Jun MYR20.9B MYR10.4B MYR12.1B MYR 12.1B
2020-08-28 04:00 AM Jul MYR20.9B
2020-09-28 04:00 AM Aug
2020-10-28 04:00 AM Sep MYR 9.5B
2020-11-30 04:00 AM Oct


News Stream
Malaysia Trade Surplus Largest on Record
Malaysia’s trade surplus jumped to MYR 20.9 billion in June 2020 from MYR 10.5 billion in the same month a year ago, and beating market expectations of MYR 12.1 billion. It was the largest trade surplus on record since the series began in 1970, as exports surged while imports fell, amid the coronavirus pandemic. Exports surged 8.8 percent, led by higher sales of manufactured and agriculture goods. Imports declined as purchases of intermediate goods fell.
2020-07-28
Malaysia Trade Surplus Widens in May
Malaysia’s trade surplus increased to MYR 10.4 billion in May 2020 from MYR 9.1 billion in the same month a year ago, as exports fell less than imports, amid the coronavirus pandemic. Exports tumbled 25.5 percent, the most in 11 years led by lower sales of manufactured goods, mining goods and agriculture goods. Imports declined at a faster pace as purchases of intermediate, consumption, and capital goods dropped.
2020-06-29
Malaysia Posts Trade Gap for 1st Time Since 1997
Malaysia posted a trade deficit of MYR 3.5 billion in April 2020, compared with a MYR 10.8 billion surplus in the same month a year ago and market expectations of a MYR 11.1 billion surplus. This was the country's first trade deficit since the Asian financial crisis of 1997, due to the negative impact the coronavirus pandemic. Exports tumbled the most in a decade led by lower sales of electrical and electronic products, palm oil & palm oil-based products and refined petroleum products. Imports declined at a softer pace as purchases of intermediate and consumption goods fell, while capital goods imports rose.
2020-06-04
Malaysia Trade Surplus Narrows in March
Malaysia's trade surplus declined to MYR 12.3 billion in March 2020 from MYR 14.4 billion a year ago and slightly beating market estimates of MYR 12.2 billion. Exports dropped 4.7% year-on-year to MYR 80.1 billion, better than an expected 6% fall, as sales decreased for liquefied natural gas (-13.4%); timber & timber-based products (-15.6%); electrical and electronics (E&E) products (-13.9%); crude petroleum (-4.2%); natural rubber (-9.7%),and palm oil & palm oil-based products (-0.9%). By contrast, sales increased for refined petroleum products (44.3%). Among major trading partners, shipments fell to China (-6.1%), the US (-3.6%). Imports fell at a softer 2.7% to MYR 67.8 billion, better than market estimates of a 5.1 percent drop, amid lower acquisitions of capital goods (47.5%). Among major trade partners, purchases went down from the US (-5.3%); Singapore (-24.6%).
2020-05-04

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. .