Exports from Malaysia surged by 63 percent from a year earlier to MYR 105.6 billion in April 2021, the fastest pace since February 1998, following a 31 percent jump in the prior month and easily beating market consensus of a 52.4 percent gain, as the country continued to shake off the impact of the COVID-19 pandemic. Exports increased for all sectors: manufactured goods (65.5 percent), mining (66.9 percent), and agricultural goods (24.5 percent). The expansion in the manufacturing sector was boosted by higher exports of E&E products (43.1 percent), followed by rubber products (207.2 percent), petroleum products (87.8 percent), metals (180.7 percent),machinery, equipment and parts (172.7 percent), optical and scientific equipment (85.6 percent), chemical and chemical products (39.4 percent). Among major trading partners, exports surged to the US (128.6 percent), China (28.0 percent) and Singapore (55.1 percent). Also, exports to the ASEAN countries soared by 58.6 percent. source: Department of Statistics, Malaysia
Exports in Malaysia averaged 25688.35 MYR Million from 1970 until 2020, reaching an all time high of 97122 MYR Million in October of 2018 and a record low of 328.10 MYR Million in February of 1970. This page provides the latest reported value for - Malaysia Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Malaysia Exports - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Exports in Malaysia is expected to be 75800.00 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 83000.00 in 12 months time. In the long-term, the Malaysia Exports is projected to trend around 85320.00 MYR Million in 2022, according to our econometric models.