Malaysia's trade surplus declined to MYR 12.6 billion in May 2022 from MYR 13.8 billion in the same month a year ago, and far below market consensus MYR 19.9 billion. It was the smallest trade surplus since May 2020, amid a surge in imports, as domestic demand strengthened following the resumption of normal economic activity in the wake of COVID-19 disruptions. Exports rose 30.5% yoy to a three-month low of USD 120.5 billion, led by higher sales of mining (54.9%), agriculture sectors (43.9%), and manufactured goods (27.3%). Imports grew at a faster 37.3% to an all-time high of USD 107.9 billion as purchases grew for both intermediate goods (34.1%) and consumption goods (19.3%), while decreased for capital goods (-0.8%). Considering the first five months of the year, the trade surplus widened to MYR 101.1 billion from MYR 92.8 billion in the same period of 2021, with exports and imports rising by 23.5% and 27.0%, respectively. source: Department of Statistics, Malaysia

Balance of Trade in Malaysia averaged 4262.52 MYR Million from 1970 until 2022, reaching an all time high of 30991 MYR Million in December of 2021 and a record low of -3633.59 MYR Million in April of 2020. This page provides the latest reported value for - Malaysia Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Malaysia Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.

Balance of Trade in Malaysia is expected to be 4537.00 MYR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malaysia Balance of Trade is projected to trend around 1510.00 MYR Million in 2023 and 2230.00 MYR Million in 2024, according to our econometric models.

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Malaysia Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-05-19 04:00 AM Apr MYR23.5B MYR26.6B MYR22.7B MYR24.5B
2022-06-17 04:00 AM May MYR12.6B MYR23.5B MYR19.9B MYR20B
2022-07-20 04:00 AM Jun MYR12.6B MYR 4.5B


Related Last Previous Unit Reference
Balance of Trade 12619.00 23480.00 MYR Million May 2022
Current Account 2983.00 15332.00 MYR Million Mar 2022
Current Account to GDP 1.00 3.30 percent of GDP Dec 2020
Imports 107875.78 103947.43 MYR Million May 2022
Exports 120494.00 127585.00 MYR Million May 2022
Terms of Trade 110.90 112.50 points Apr 2022
Foreign Direct Investment 24375.00 24690.41 MYR Million Mar 2022
Capital Flows 30373.00 -2263.00 MYR Million Mar 2022

Malaysia Balance of Trade
International trade plays a large role in Malaysian economy. Since 1998, Malaysia have been reporting consistent trade surpluses, mainly due to rise in exports of electrical and electronics products. In 2015, the biggest trade surpluses were recorded with Hong Kong, Singapore, Japan, and United States while the biggest trade deficits with China and Taiwan. .
Actual Previous Highest Lowest Dates Unit Frequency
12619.00 23480.00 30991.00 -3633.59 1970 - 2022 MYR Million Monthly

News Stream
Malaysia Trade Surplus Smallest in 2 Years
Malaysia's trade surplus declined to MYR 12.6 billion in May 2022 from MYR 13.8 billion in the same month a year ago, and far below market consensus MYR 19.9 billion. It was the smallest trade surplus since May 2020, amid a surge in imports, as domestic demand strengthened following the resumption of normal economic activity in the wake of COVID-19 disruptions. Exports rose 30.5% yoy to a three-month low of USD 120.5 billion, led by higher sales of mining (54.9%), agriculture sectors (43.9%), and manufactured goods (27.3%). Imports grew at a faster 37.3% to an all-time high of USD 107.9 billion as purchases grew for both intermediate goods (34.1%) and consumption goods (19.3%), while decreased for capital goods (-0.8%). Considering the first five months of the year, the trade surplus widened to MYR 101.1 billion from MYR 92.8 billion in the same period of 2021, with exports and imports rising by 23.5% and 27.0%, respectively.
2022-06-17
Malaysia Trade Surplus Larger than Expected
Malaysia's trade surplus widened to MYR 23.5 billion in April 2022 from MYR 20.4 billion in the same month a year ago, and beating market consensus MYR 22.7 billion, amid soaring commodity prices. Exports grew 20.7 to USD 127.5 billion, led by higher sales of mining (64.4%), agriculture sectors (29.9%), and manufactured goods (17.2%). Imports went up 22 percent to USD 103.9 billion as purchases rose for both intermediate goods (28.1 percent) and consumption goods (9.7 percent), while declined for capital goods (-2.4). Considering the first four months of the year, the trade balance posted a surplus of MYR 88.6 billion, with exports and imports rising by 21.9 percent and 24.3 percent, respectively.
2022-05-19
Malaysia Trade Surplus Largest in 3 Months
Malaysia's trade surplus increased to MYR 26.7 billion in March 2022 from MYR 24.2 billion in the same month a year ago, beating market consensus MYR 22.8 billion. It was the largest trade surplus since last December, amid surging commodity prices. Exports jumped 25.4 to USD 131.6 billion, led by higher sales of mining (105.8%), agriculture sectors (41.8%), and manufactured goods (19.1%). Imports grew 29.9 percent to USD 104.9 billion as purchases rose for all categories: intermediate goods (34.9 percent), capital goods (14.3), and consumption goods (22.4 percent). Considering the first three months of the year, the trade balance recorded a surplus of MYR 65.8 billion.
2022-04-18