Year-on-year, exports increased far more than expected by 16.7 percent to MYR75.81 billion in October, the fastest growth since April 2014, following a 8.8 percent rise in September. Sales rose for: electrical & electronic products (+22.7 percent to MYR26.20 billion, accounting for 34.6 percent of total exports), timber and timber-based products (+28.5 percent to MYR2.1 billion, 2.8 percent share), palm oil and palm-based products (+5.7 percent to MYR6.2 billion, 8.1 percent share) and natural rubber (+11.6 percent to MYR329.30 million). In contrast, outbond shipments declined for: refined petroleum products (-27.5 percent to MYR4.30 billion, 5.7 percent share), LNG (-16.1 percent to MYR4.60 billion, 6.0 percent share) and crude petroleum (-8.8 percent to MYR2.4 billion, 3.2 percent share).
Compared to the previous year, exports rose to China (+MYR1.9 billion), the EU countries (+1.7 billion), the US (+ MYR1.7 billion), Singapore (+MYR1.1 billion) and Australia (+MYR789.2 million).
Imports dropped 0.4 percent to MYR63.65 billion, reversing from a 9.6 percent increase in the preceding month. Purchases of capital and consumption goods increased while those of intermediate goods dropped. Inbound shipments of capital goods grew 18.8 percent to MYR9.2 billion, representing 14.4 percent of total imports. The rise was mainly contributed by capital goods except transport equipment (+MYR1.2 billion, 17.0 percent share) and transport equipment, industrial (+MYR274.6 million, 33.9 percent share). Purchases of consumption goods also rose 34.1 percent to MYR5.8 billion, accounting for 9.1 percent share). The main components contributing to the growth were semi durables (+MYR534.0 million), food & beverages, processed, mainly for household (+MYR392.2 million) and non-durables (+MYR308.3 million). In contrast, imports of intermediate goods fell by 9.5 percent to MYR37.1 billion, accounting for 58.3 percent share. The decline was mainly due to parts & accessories of capital goods, except transport equipment (-MYR1.9 billion) and fuel & lubricants, primary (-MYR1.1 billion) and fuel & lubricants, processed, others (-MYR1.6 billion).
In September 2015, Malaysia posted a MYR 9.69 billion trade surplus.