Exports in Malaysia

Malaysia Exports | Economic News & Forecasts

Malaysia - Exports

Exports drop sharply in February

Exports fell a steep 9.9% year-on-year in February in USD terms, down from January’s 0.6% drop. The result came on the back of a marked contraction in foreign demand for palm oil and palm oil-based products as well as refined petroleum products. On the other hand, electrical and electronic products exports grew robustly. In ringgit terms, exports fell 5.3% year-on-year.

Imports, meanwhile, dropped 13.8% year-on-year in February in USD terms, down from the 2.7% contraction in January. This reflected a broad-based deterioration, with inbound shipments of the three major categories dropping. The most noticeable fall was recorded in capital goods imports followed by consumption goods imports. Imports of intermediate goods recorded a small drop. In ringgit terms, imports fell 9.4% year-on-year.

Consequently, the trade surplus narrowed from USD 2.8 billion in January to USD 2.7 billion in February, but the sum is up from the USD 2.3 billion surplus logged in February 2018. The 12-month moving sum of the trade surplus, meanwhile, widened to USD 30.6 billion from USD 30.3 billion.

Met the why particular Consensus Forecast panelists expect exports and imports to grow 3.6% and 3.6% respectively in 2019, with the trade surplus reaching USD 27.4 billion. In 2020, they see export and import growth at 6.2% and 5.4% respectively, with the trade surplus narrowing to USD 30.9 billion.

Malaysia - Exports Data

2013  2014  2015  2016  2017  
Exports (USD billion)229  234  199  190  218  

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Malaysia Facts

Bond Yield3.810.15 %May 13
Exchange Rate4.160.0 %May 13
Stock Market1,601-0.29 %May 13

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