Imports to Malaysia declined unexpectedly by 2.7 percent from a year earlier to MYR 67.8 billion in September 2018, missing market expectations of a 9.8 percent gain and after a 11.2 percent growth in a month earlier. Purchases of intermediate goods dropped 9.3 percent to MYR 35.8 billion. The decrease was driven by parts & accessories of capital goods, except transport equipment (-24.1 percent); fuel & lubricants, processed, others (-44.8 percent); and fuel & lubricants, primary (-11.5 percent). Also, imports of capital goods shrank 25.2 percent to MYR 7.3 billion, due to a drop in both transport equipment, industrial (-86 percent) and capital goods except transport equipment (-13.9 percent). In addition, purchases of consumption goods recorded a 10 percent drop to MYR 573.8 million. The fall was mainly attributed to semi-durables (-31.4 percent); food & beverages, processed, mainly for household consumption (-6.2 percent) and durables (-12.7 percent). Imports in Malaysia averaged 20432.82 MYR Million from 1970 until 2018, reaching an all time high of 80200 MYR Million in August of 2018 and a record low of 313.60 MYR Million in August of 1970.
Imports in Malaysia is expected to be 74900.00 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 73800.00 in 12 months time. In the long-term, the Malaysia Imports is projected to trend around 76800.00 MYR Million in 2020, according to our econometric models.
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