Malaysia's trade surplus increased sharply to MYR 14.3 billion in July of 2019 from MYR 8.1 billion in the same month of the prior year and easily beating market expectations of a MYR 10.7 billion surplus. It was the largest trade surplus since March, as exports rose while imports fell. Exports increased 1.7 percent year-on-year to MYR 88.0 billion, well above market consensus of a 2.5 percent fall, mainly due to sales of electrical & electronic products, liquefied natural gas, and timber and timber products. Meantime, imports dropped 5.9 percent to MYR 73.7 billion, compared with forecasts of a 7 percent fall. This was the second straight month decrease in imports, dragged down by purchases of capital, intermediate, and consumption goods. Considering the first seven months of the year, the country's trade balance recorded a surplus of USD 81.6 billion. Balance of Trade in Malaysia averaged 3504.96 MYR Million from 1970 until 2019, reaching an all time high of 16851.56 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 12200.00 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 6100.00 in 12 months time. In the long-term, the Malaysia Balance of Trade is projected to trend around 12200.00 MYR Million in 2020, according to our econometric models.

Malaysia Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-03 04:00 AM Balance of Trade Apr MYR10.9B MYR14.4B MYR12.6B MYR12.9B
2019-07-04 04:00 AM Balance of Trade May MYR9.1B MYR10.8B MYR8.2B MYR9.1B
2019-08-02 04:00 AM Balance of Trade Jun MYR10.3B MYR9.1B MYR8.4B MYR 6.6B
2019-09-04 04:00 AM Balance of Trade Jul MYR14.3B MYR10.5B MYR10.7B MYR7.4B
2019-10-04 04:00 AM Balance of Trade Aug MYR14.3B MYR2.2B
2019-11-04 04:00 AM Balance of Trade Sep MYR 14.2B
2019-12-05 04:00 AM Balance of Trade Oct MYR15.9B



Malaysia Posts Largest Trade Surplus in 4 Months

Malaysia's trade surplus increased sharply to MYR 14.3 billion in July of 2019 from MYR 8.3 billion in the same month of the prior year and easily beating market expectations of a MYR 10.7 billion surplus. This was the largest trade surplus since March, as exports rose while imports fell.

Year-on-year, exports unexpectedly increased by 1.7 percent year-on-year to MYR 88.0 billion in July 2019, missing market consensus of a 2.5 percent drop and after a 3.1 percent fall in the previous month. Sales rose for: electrical & electronic products (4.5 percent); timber & timber based products (1.2 percent); liquefied natural gas/LNG (31.3 percent); refined petroleum products (3.2 percent); natural rubber (25.5 percent). Conversely, outbound shipments declined for: crude petroleum (-45.7 percent); palm oil & palm oil-based products (-9.9 percent).
 
Among major trading partners, sales increased to China (3.8 percent), led by LNG and refined petroleum product; Singapore (3.1 percent), driven by electrical and electronic products; and the US (7.9 percent).

Imports declined by 5.9 percent year-on-year to MYR 73.7 billion in July 2019, better than market expectations of a 7 percent drop and compared to a 9.2 percent fall in the previous month. This marked the second straight month yearly drop in inbound shipments, as purchases shrank for all categories. Imports of capital goods tumbled 13.9 percent, due to decline in both capital goods except transport equipment (-6.3%) and transport equipment, industrial (-58.8%). Also, purchases of intermediate goods decreased by 3.4 percent, mainly attributed to industrial supplies, processed (-8.9%) and parts and accessories of capital goods (-19.6%). In addition, imports of consumption goods contracted 5.0 percent, driven by semi-durables (-18.9%) and durables (-17.9%).

By country, purchases dropped from the EU countries (-10.0 percent), the ASEAN countries (-10.7 percent). Meanwhile, imports from China fell by 2.8 percent, mainly due to electrical & electronic/E&E products. Also, imports from Singapore slumped 20.2 percent, led by E & E products.
 
Considering the first seven months of the year, the country's trade balance recorded a surplus of USD 81.5 billion, compared with a surplus of USD 68.8 billion in the same period 2018.

Malaysia’s total trade is projected to grow moderately by 5 percent in 2019 from 5.9 percent in 2018 due to uncertainties in the global market. 
 
 
 
 



Department of Statistics, Malaysia l Chusnul Ch Manan | chusnul@tradingeconomics.com
9/4/2019 5:52:23 AM



Malaysia Trade Last Previous Highest Lowest Unit
Balance of Trade 14271.10 10512.23 16851.56 -2880.61 MYR Million [+]
Current Account 14257.00 16387.00 39982.00 978.00 MYR Million [+]
Current Account to GDP 2.30 3.00 17.10 -13.20 percent [+]
Imports 73691.41 65631.00 80536.08 313.60 MYR Million [+]
Exports 87962.50 76143.20 97122.00 328.10 MYR Million [+]
External Debt 931083.27 903679.82 933396.80 9063.00 MYR Million [+]
Terms of Trade 98.10 97.60 117.20 92.50 Index Points [+]
Tourism Revenues 84135.20 82165.00 84135.20 8580.50 MYR Million [+]
Tourist Arrivals 2400561.00 2098267.00 2806565.00 459374.00 [+]
Gold Reserves 38.88 38.90 38.90 35.46 Tonnes [+]
Crude Oil Production 628.00 617.00 791.00 489.00 BBL/D/1K [+]
Terrorism Index 2.70 3.33 3.58 0.00 [+]
Capital Flows -18560.00 -13823.00 51436.00 -71537.00 MYR Million [+]
Foreign Direct Investment 4395.00 21726.00 37325.00 2452.00 MYR Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. . 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 - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
14271.10 10512.23 16851.56 -2880.61 1970 - 2019 MYR Million Monthly




Country Last Previous
Argentina 951.00 Jul/19
Australia 7268.00 Jul/19
Brazil 3280.00 Aug/19
Canada -1124.40 Jul/19
China 348.30 Aug/19
Euro Area 24789.70 Jul/19
France -4607.00 Jul/19
Germany 21449.00 Jul/19
India -13450.00 Aug/19
Indonesia 85.10 Aug/19
Italy 5728.50 Jun/19
Japan -136.30 Aug/19
Mexico -1117.00 Jul/19
Netherlands 4127.00 Jul/19
Russia 11224.00 Jul/19
Saudi Arabia 131636.00 Mar/19
Singapore 3787.85 Aug/19
South Africa -2880.82 Jul/19
South Korea 1723.00 Aug/19
Spain -1532700.00 Jun/19
Switzerland 2671.16 Jul/19
Turkey -3191.93 Jul/19
United Kingdom -219.00 Jul/19
United States -53989.00 Jul/19


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