Imports to Malaysia unexpectedly increased by 1.6 percent year-on-year to MYR 75.0 billion in December 2020, missing market consensus of 2.9 percent fall, and after 9 percent drop in the previous month. It was the first time increase in imports since February, amid the coronavirus pandemic. Arrivals of consumption goods rose by 3.3 percent, while imports of both capital and intermediate goods fell 2.0 percent and 5.0 percent respectively. By country, arrivals from China and the ASEAN countries increased 13.0 percent and 2.7 percent respectively, while those from the US dropped by 2.4 percent. Imports also declined Singapore (-10.3 percent). Considering 2020 full year of 2020, imports fell 6.3 percent year-on-year to MYR 796.2 billion. source: Department of Statistics, Malaysia
Imports in Malaysia averaged 22161.50 MYR Million from 1970 until 2020, reaching an all time high of 80536.08 MYR Million in August of 2018 and a record low of 313.60 MYR Million in August of 1970. This page provides the latest reported value for - Malaysia Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Malaysia Imports - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Imports in Malaysia is expected to be 65000.00 MYR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Malaysia to stand at 71830.00 in 12 months time. In the long-term, the Malaysia Imports is projected to trend around 72800.00 MYR Million in 2021 and 76500.00 MYR Million in 2022, according to our econometric models.