Malaysia Imports Notch Fresh Peak

2026-07-20 04:07 By Farida Husna 1 min. read

Malaysia's imports surged 43.9% yoy to a new record of MYR 163.0 billion in June 2026, sharply accelerating from a 14.4% gain in May and marking the fastest growth since August 2022.

The strong result underscored resilient domestic demand, as economic activity stayed firm and business spending strengthened.

Purchases grew for intermediate goods (41.3%), capital goods (67.4%), consumption goods (17.2%), and dual-use goods (31.9%).

By sector, manufacturing imports jumped 50.8%, driven by strong gains in E&E products (80.2%) and petroleum (66.0%).

Mining imports edged up 1.8%, led by higher purchases of crude oil (7.0%) and metalliferous ores and metal scrap (7.9%).

Agricultural imports rose 3.4%, led by other edible oils (47.9%) and palm oils (34.8%).

Imports grew from China (56.6%), Japan (20.3%), India (112.3%), ASEAN countries (59.3%), the U.S.

(38.4%), and the EU (28.0%), but fell from Australia (-11.2%).

In the first half of 2026, total imports rose 16.9% yoy to MYR 824.4 billion.



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Malaysia Imports Notch Fresh Peak
Malaysia's imports surged 43.9% yoy to a new record of MYR 163.0 billion in June 2026, sharply accelerating from a 14.4% gain in May and marking the fastest growth since August 2022. The strong result underscored resilient domestic demand, as economic activity stayed firm and business spending strengthened. Purchases grew for intermediate goods (41.3%), capital goods (67.4%), consumption goods (17.2%), and dual-use goods (31.9%). By sector, manufacturing imports jumped 50.8%, driven by strong gains in E&E products (80.2%) and petroleum (66.0%). Mining imports edged up 1.8%, led by higher purchases of crude oil (7.0%) and metalliferous ores and metal scrap (7.9%). Agricultural imports rose 3.4%, led by other edible oils (47.9%) and palm oils (34.8%). Imports grew from China (56.6%), Japan (20.3%), India (112.3%), ASEAN countries (59.3%), the U.S. (38.4%), and the EU (28.0%), but fell from Australia (-11.2%). In the first half of 2026, total imports rose 16.9% yoy to MYR 824.4 billion.
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Malaysia Imports Rise Less than Expected
Malaysia's imports rose 14.1% yoy to MYR 143.62 billion in May 2026, slowing from April's 20.0% jump, the fastest growth since August 2024. The latest result also fell short of market forecasts of 15.5%, pointing to softer domestic demand amid a weaker ringgit, which increased the cost of imported goods. Purchases grew for intermediate goods (14.4%), but fell for capital goods (-18.3%), consumption goods (-2.7%), and dual-use goods (-134.9%). Sector-wise, manufacturing imports climbed 18.7%, led by E&E products (23.0%) and petroleum products (41.7%). In contrast, mining purchases fell 8.7%, dragged by crude oil (-4.1%) and metalliferous ores and metal scrap (-9.4%). Also, agricultural imports dipped 6.0%, weighed by palm oil products (-33.6%). Imports grew from China (38.7%), Japan (18.5%), India (31.7%), the EU (16.8%), and ASEAN countries (28.5%), but shrank from the U.S. (-32.0%). For January to May, imports grew 11.8% from the same period in 2025 to MYR 661.07 billion.
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Malaysia Imports Notch Record Peak
Imports to Malaysia surged 20% yoy to a record high of MYR 153.99 billion in April 2026, accelerating from a 10.4% increase in the prior month and marking the fastest growth since August 2024. The latest result was far above market forecasts of a 2.5% growth, amid robust domestic demand despite ongoing disruptions from the war in Iran. By categories, purchases rose for consumption goods (5.6%) and dual-use goods (101.2%), but fell for capital goods (-20.7%) and intermediate goods (-18.8%). Sector-wise, manufacturing imports jumped 22.5%, led by E&E products (12.1%) and petroleum products (141.0%). Mining purchases soared 25.6%, boosted by metalliferous ores and metal scrap (78.6%). However, agricultural imports dipped 12.3%, weighed by natural rubber (-21.5%). Imports grew from China (36.8%), Japan (20.1%), India (128.2%), the EU (6.5%), and ASEAN (38.7%), but shrank from the U.S. (-48.1%). For January to April, imports grew 11.1% from the same period in 2025 to MYR 517.40 billion.
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