Malaysia’s trade surplus increased to MYR 10.4 billion in May 2020 from MYR 9.1 billion in the same month a year ago, as exports fell less than imports, amid the coronavirus pandemic. Exports tumbled 25.5 percent, the most in 11 years led by lower sales of manufactured goods, mining goods and agriculture goods. Imports declined at a faster pace as purchases of intermediate, consumption, and capital goods dropped.
Balance of Trade in Malaysia averaged 3611.58 MYR Million from 1970 until 2020, reaching an all time high of 17325.83 MYR Million in October of 2019 and a record low of -3500 MYR Million in April of 2020. This page provides the latest reported value for - Malaysia Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Malaysia Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Department of Statistics, Malaysia
Balance of Trade in Malaysia is expected to be 9500.00 MYR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Malaysia to stand at -2580.00 in 12 months time. In the long-term, the Malaysia Balance of Trade is projected to trend around -1800.00 MYR Million in 2021 and -1500.00 MYR Million in 2022, according to our econometric models.