Malaysia Export Growth at Over 3-Year High

2026-02-20 04:31 By Farida Husna 1 min. read

Malaysia’s exports soared 19.6% yoy to MYR 146.87 billion in January 2026, exceeding market forecasts of 13.7% and picking up strongly from a marginally revised 10.2% gain in the prior month.

It also marked the strongest annual export growth since September 2022, boosted by solid external demand ahead of the Lunar New Year and Ramadan across key Asian markets.

Manufacturing shipments climbed 22.3%, supported by E&E products (39.5%) and optical & scientific equipment (36.2%).

Mining exports grew 2.7%, mainly lifted by metalliferous ores and metal scrap (207.7%).

In contrast, arrivals of agricultural products fell 2.7%, largely weighed by palm oil (-2.3%).

By destinations, sales increased to most countries, including the U.S.

(33.9%), China (16.1%), the EU (26.0%), Hong Kong (58.0%), Taiwan (79.4%), Vietnam (60%), India (35.7%), and ASEAN (7.1%).

In contrast, exports fell to Japan (-0.4%) and Australia (-22.0%).

In 2025, total exports dipped 3.7% from a year earlier to MYR 1.6 trillion.



News Stream
Malaysia Export Growth at Over 3-Year High
Malaysia’s exports soared 19.6% yoy to MYR 146.87 billion in January 2026, exceeding market forecasts of 13.7% and picking up strongly from a marginally revised 10.2% gain in the prior month. It also marked the strongest annual export growth since September 2022, boosted by solid external demand ahead of the Lunar New Year and Ramadan across key Asian markets. Manufacturing shipments climbed 22.3%, supported by E&E products (39.5%) and optical & scientific equipment (36.2%). Mining exports grew 2.7%, mainly lifted by metalliferous ores and metal scrap (207.7%). In contrast, arrivals of agricultural products fell 2.7%, largely weighed by palm oil (-2.3%). By destinations, sales increased to most countries, including the U.S. (33.9%), China (16.1%), the EU (26.0%), Hong Kong (58.0%), Taiwan (79.4%), Vietnam (60%), India (35.7%), and ASEAN (7.1%). In contrast, exports fell to Japan (-0.4%) and Australia (-22.0%). In 2025, total exports dipped 3.7% from a year earlier to MYR 1.6 trillion.
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Malaysia Export Growth at 3-Month Low
Exports from Malaysia grew 7% yoy to MYR 135 billion in November 2025, easing sharply from a 15.7% surge in October and falling below market forecasts of 11.2%. This marked the softest export growth in three months, due to a decline in agricultural exports. By sector, exports of manufactured goods rose 7.9%, led by strong shipments of electrical and electronic products, which jumped 15%. Mining shipments advanced 9.9%, boosted by higher exports of crude petroleum (6.0%), although liquefied natural gas (LNG) exports fell 12.5%. Meanwhile, agricultural exports dropped 6.0%, weighed down by weak demand for palm oil and palm-based products, which declined 9.3%. Among trading partners, exports increased to Singapore (4.1%), China (9.3%), Hong Kong (17.8%), and the EU (13.2%), while declining to the US (-0.9%) due to newly imposed tariffs, and to Japan (-4.9%). For the first eleven months of 2025, total exports climbed 6.1% to MYR 1.5 trillion compared with the same period a year earlier.
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