Year-on-year, exports increased less than expected by 1.4 percent to MYR68.30 billion in December, following a 6.3 percent rise in November. Sales rose 6.4 percent to MYR24.8 billion for electrical & electronic products, accounting for 36.3 percent of total exports. In contrast, outbond shipments declined for: LNG (-36.7 percent to MYR3.8 billion, 5.66 percent share), refined petroleum products (-34.4 percent to MYR2.8 billion, 4.2 percent share), palm oil and palm-based products (-7.0 percent to MYR5.1 billion, 7.5 percent share), crude petroleum (-6.0 percent to MYR2.2 billion, 3.1 percent share) and natural rubber (-17.9 percent to MYR307.1 million, 0.4 percent share).
Compared to the previous year, exports rose to the US (+MYR953.0 million), Thailand (+MYR487.3 million), the EU countries (+MYR391.2 million) and Indonesia (+MYR288.4 million).
Imports rose 3.2 percent to MYR60.31 billion, as compared to a 9.1 percent increase in the preceding month, mainly due to an increase in purchases of intermediate goods and consumption goods. Inbound shipments of intermediate goods rose 5.9 percent to MYR35.4 billion and accounted for 58.6 percent total imports. The main components contributing to the growth were parts & accessories of capital goods except transport equipment) (+MYR1.9 billion), parts & accessories of transport equipment (+MYR453.7 million) and industrial supplies, processed(+MYR433.4 million). Those of consumption goods rose 8.4 percent to MYR6.3 billion, representing 10.5 percent share. The increase was mainly due to semi durables (+MYT752.0 million), food & beverages primary mainly for household (+MYR369.3million) and non-durables (+MYR317.1 million). In contrast, imports of capital goods shrank 15.2 percent, driven by a decline in transport equipment, industrial (-MYR1.0 billion) and capital goods except transport equipment (-MYR426.1 million).
In November 2015, Malaysia posted a MYR10.23 billion trade surplus.
For full year or 2015, exports reached MYR779.9 billion and imports were at MYR685.7 billion. Trade surplus during the period was recorded at MYR94.2 billion.