Malaysia Export Growth Strongest Since 2022

Malaysia's exports surged 45.4% year-on-year to MYR 177.9 billion in June 2026, accelerating from a downwardly revised 44.7% increase in May and marking the strongest annual growth since August 2022. Exports soared in the manufacturing sector (47.3%), supported by robust shipments of electrical and electronic products (56.9%), petroleum products (55.6%), and optical and scientific equipment (42.7%). Overall exports were also boosted by higher shipments in the mining sector (97.5%), particularly liquefied natural gas (83.3%). In contrast, agricultural exports fell 7.2%, weighed down by lower shipments of palm oil and palm-based products (-10.8%) as well as sawn timber and mouldings (-14.7%). By destination, exports to the United States more than doubled (108.6%), while shipments to Singapore (47.6%), China (36.1%), and Taiwan (44.7%) also recorded strong gains. For the first half of the year, total exports jumped 27.5% from a year earlier to MYR 971.6 billion.

Malaysia’s exports jumped 45.3% year-on-year to a record high of MYR 184 billion in May 2026, after an upwardly revised 37.3% increase in April and far exceeding forecasts of 32.4%, marking the strongest growth since August 2022 despite global uncertainties. Growth was mainly boosted by the manufacturing sector, which surged 51.7%, particularly in electrical and electronic products (70.5%) and petroleum products (74.2%). Meanwhile, mining exports soared 36.5%, supported by liquefied natural gas exports (111.5%). However, the increase was partially offset by a decline in crude petroleum exports (-67.1%). By contrast, agricultural exports plunged 22.9%, reflecting lower sales of palm oil and palm-based products (-24.6%) and natural rubber (-22.9%). By destination, exports grew sharply to the US (97.7%), Singapore (40.4%), China (27.8%), and the EU (45.0%). For the first five months of 2026, exports jumped 24.3% from the same period last year to MYR 793.8 billion.

Malaysia’s exports surged 36.9% year-on-year to a record high of MYR 182.7 billion in April 2026, accelerating sharply from March’s upwardly revised 8.4% increase and far exceeding forecasts of 9.0%, marking the strongest growth since August 2022, despite facing global uncertainties. Growth was mainly driven by the manufacturing sector, which soared 40.1%, particularly in electrical and electronic products (46.4%) and petroleum products (70.2%). Meanwhile, mining exports jumped 25.6%, supported by liquefied natural gas exports (4.8%). However, the increase was partially offset by a decline in crude petroleum exports (-18.4%). At the same time, agricultural exports rose 5.2%, reflecting higher sales of palm oil and palm-based products (4.1%) and other agricultural products (0.4%). For the first four months of 2026, exports climbed 19.0% from the same period last year to MYR 609.3 billion.