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.