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.