Imports to Malaysia surged 37.3% yoy to a record high of MYR 107.9 billion in May 2022, exceeding market estimates of 26.9% and quickening from an upwardly revised 22.1% growth in April. This was the 16th straight month of double-digit growth of arrivals and the strongest pace since last November, amid solid domestic demand during the Eid-ul Fitr festival and a further improvement in COVID-19 situation. Purchases of intermediate goods climbed 34.1%, boosted by industrial supplies, n.e.s. processed and fuel & lubricants, primary. Also, arrivals of consumption goods gained 19.3%, due to non-durable and food & beverages, process, mainly for household consumption. In contrast, imports of capital goods fell 0.8%, due to capital goods except transport equipment. By country, imports went up from China (11.9%), Singapore (71.7%), Taiwan (43.8%), the US (33.1%), Japan (13.3%), the EU (29.7%), and the ASEAN countries (69.7%). Considering the first five months of the year, imports grew by 27.0%. source: Department of Statistics, Malaysia
Imports YoY in Malaysia averaged 12.86 percent from 1971 until 2022, reaching an all time high of 108.20 percent in April of 1974 and a record low of -30.40 percent in January of 2009. This page includes a chart with historical data for Malaysia Imports YoY. Malaysia Imports YoY - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.