Malaysia's trade surplus narrowed sharply to MYR 13.7 billion in July 2021 from MYR 25.2 billion in the same month a year ago, and below market expectations of MYR 20 billion, due to a surge in imports. Exports grew 5.0 to USD 97.3 billion, the first single-digit growth in 5 months, led by higher sales of agriculture sectors (29.2%), mining (18.3%), and manufactured goods (2.3%). Imports soared by 24.0 percent to USD 83.6 billion as purchases rose for all categories: consumption goods (7.7 percent), intermediate goods (55.8 percent), and capital goods (10.1%). source: Department of Statistics, Malaysia
Balance of Trade in Malaysia averaged 3965.51 MYR Million from 1970 until 2021, reaching an all time high of 25176 MYR Million in July of 2020 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 September of 2021.
Balance of Trade in Malaysia is expected to be 12000.00 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 9820.00 MYR Million in 2022, according to our econometric models.