Exports from Malaysia rose by 6.7 percent to MYR to MYR 83.1 billion in September 2018, after a 0.3 percent fall in August and slightly above market consensus of a 6.5 percent rise. Sales increased for: electrical & electronic products (6.5 percent to MYR 32.9 billion); refined petroleum products (20.5 percent to MYR 5.7 billion); crude petroleum (54.5 percent to MYR 2.7 billion); and liquefied natural gas/LNG (1.8 percent to MYR 3.1 billion). In contrast, outbound shipments fell for: palm oil and palm oil-based products (-11.5 percent to MYR 5.6 billion); timber and timber-based products (-0.4 percent to 1.8 billion); and natural rubber (-1.9 percent to MYR 306. million). Outbound shipments went up to Singapore (8.7 percent); the US (0.1 percent); and Hong Kong (48.7 percent), while declined to China (-0.6 percent); and Japan (-10.6 percent). Exports in Malaysia averaged 23792.99 MYR Million from 1970 until 2018, reaching an all time high of 86124.50 MYR Million in July of 2018 and a record low of 328.10 MYR Million in February of 1970.
Exports in Malaysia is expected to be 82900.00 MYR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Malaysia to stand at 82750.00 in 12 months time. In the long-term, the Malaysia Exports is projected to trend around 87000.00 MYR Million in 2020, according to our econometric models.