Exports from Malaysia surged by 18.4 percent from a year earlier to MYR 95.6 billion in August 2021, above market consensus of a 14.6 percent rise, and accelerating sharply from a 5.0 percent rise in the prior month, amid a further recovery in global demand and surging commodity prices. Exports increased for all sectors: manufactured goods (15.4 percent), mining (50.6 percent), and agricultural goods (28.5 percent). The expansion in the manufacturing sector was mainly boosted by higher exports of electrical and electronic products (6.8 percent), followed by petroleum products (56.5 percent), and chemical and chemical products (59.1 percent). Among major trading partners, exports grew to the US (12.1 percent), China (5.7 percent), Singapore (21.5 percent) and the ASEAN countries (25.0 percent). source: Department of Statistics, Malaysia
Exports in Malaysia averaged 25688.35 MYR Million from 1970 until 2020, reaching an all time high of 97122 MYR Million in October of 2018 and a record low of 328.10 MYR Million in February of 1970. This page provides the latest reported value for - Malaysia Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Malaysia Exports - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.
Exports in Malaysia is expected to be 100587.00 MYR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malaysia Exports is projected to trend around 95320.00 MYR Million in 2022, according to our econometric models.