Imports to Malaysia jumped 27.9 percent year-on-year to a new peak of MYR 88.18 billion in October 2021, compared with market expectations of 26.8 percent and after a 26.5 percent growth in the prior month, as domestic consumption accelerated following a surge in the COVID-19 vaccination rate. Arrivals of intermediate goods climbed 35.1 percent, boosted by parts and accessories of capital goods (except transport equipment); industrial supplies, n.e.s. primary; and fuel & lubricants, processed. Also, purchases of capital goods grew 15.1 percent, lifted by capital goods (except transport equipment); and those of consumption goods rose 10.8 percent, mainly attributed to semi-durables, and food & beverages, process, mainly for household consumption. By country, imports expanded from China (29.9%), Singapore (58.1%), the EU (32.7%), the US (23.7%), and Taiwan (40.7%). During the first 10 months of the year, arrivals rose 21.8 percent from the same period of 2020 to MYR 801.17 billion. source: Department of Statistics, Malaysia
Imports YoY in Malaysia averaged 12.68 percent from 1971 until 2021, reaching an all time high of 108.20 percent in April of 1974 and a record low of -30.40 percent in January of 2009. This page includes a chart with historical data for Malaysia Imports YoY. Malaysia Imports YoY - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.