Malaysia's trade surplus widened to a new record high of MYR 26.2 billion in October 2021 from MYR 22.1 billion in the same month a year ago, and beating market expectations of MYR 24.5 billion, amid a further recovery global demand and surging commodity prices. Exports surged 25.5 to a fresh record high of USD 114.4 billion, led by higher sales of mining (66.7%), agriculture sectors (28.9%), and manufactured goods (23.3%). Imports soared 27.9 percent to a new record high of USD 88.2 billion as purchases grew for all sectors: intermediate goods (35.5 percent), capital goods (15.1%) and consumption goods (10.8 percent) Considering the first ten months of the year, the trade surplus widened sharply to USD 202.5 billion from USD 145.3 billion a year earlier. source: Department of Statistics, Malaysia
Balance of Trade in Malaysia averaged 4067.43 MYR Million from 1970 until 2021, reaching an all time high of 26200 MYR Million in October 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 December of 2021.
Balance of Trade in Malaysia is expected to be 24200.00 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 19820.00 MYR Million in 2022, according to our econometric models.