Malaysia's trade surplus increased sharply to MYR 10.3 billion in June of 2019 from MYR 6 billion in the same month of the prior year and beating market expectations of a MYR 8.4 billion surplus. Exports fell 3.1 percent year-on-year to MYR 76.2 billion, missing market consensus of a 1.8 percent rise. This was the first decline in exports since March, mainly due to sales of electrical & electronic products and timber and timber products. Meantime, imports dropped at a faster 9.2 percent to MYR 65.9 billion, missing forecasts of a 1.1 percent gain. This was the first decrease in imports in three months, dragged down by purchases of capital, intermediate, and consumption goods. Considering the first half of the year, the country's trade balance recorded a surplus of USD 67.2 billion, compared with a surplus of USD 60.5 billion in the same period 2018. Balance of Trade in Malaysia averaged 3481.02 MYR Million from 1970 until 2019, reaching an all time high of 16313.37 MYR Million in October of 2018 and a record low of -2880.61 MYR Million in June of 1997.

Balance of Trade in Malaysia is expected to be 12200.00 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 16500.00 in 12 months time. In the long-term, the Malaysia Balance of Trade is projected to trend around 12200.00 MYR Million in 2020, according to our econometric models.

Malaysia Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-03 04:00 AM Balance of Trade Mar MYR14.4B MYR11.1B MYR14.2B MYR12.5B
2019-06-03 04:00 AM Balance of Trade Apr MYR10.9B MYR14.4B MYR12.6B MYR12.9B
2019-07-04 04:00 AM Balance of Trade May MYR9.1B MYR10.8B MYR8.2B MYR9.1B
2019-08-02 04:00 AM Balance of Trade Jun MYR10.3B MYR9.1B MYR8.4B MYR 6.6B
2019-09-04 04:00 AM Balance of Trade Jul MYR10.3B MYR7.4B
2019-10-04 04:00 AM Balance of Trade Aug MYR2.2B
2019-11-04 04:00 AM Balance of Trade Sep MYR 14.2B



Malaysia Trade Surplus Widens in June

Malaysia's trade surplus increased sharply to MYR 10.3 billion in June of 2019 from MYR 6 billion in the same month of the prior year and above market expectations of a MYR 8.4 billion surplus. Exports fell 3.1 percent while imports dropped at a faster 9.2 percent.

Year-on-year, exports fell by 3.1 percent to MYR 76.2 billion in June 2019, missing market consensus of a 1.8 percent gain and after a 2.5 percent rise in the previous month. This was the first decline in exports since April, as sales decreased for both electrical & electronic products (-6.0 percent) and timber & timber based products (-17.6 percent). By contrast, outbound shipments increased for: crude petroleum (31.7 percent); palm oil & palm oil-based products (2.2 percent); natural rubber (10.7 percent); refined petroleum products (8.4 percent), and liquefied natural gas products (5.5 percent).
 
Outbound shipments went down to China (-12.0 percent), led by electrical and electronic products; Singapore (-0.9 percent), amid slower demand of electrical and electronic products. By contrast, exports to the US rose by 8.8 percent.

Imports to Malaysia dropped by 9.2 percent year-on-year to MYR 65.9 billion in June 2019, after a 1.4 percent gain in May and missing market expectations of a 1.1 percent rise. This was the first decline in imports in three months, as imports fell for all categories: capital, intermediate, and consumption goods. Purchases of intermediate goods decreased (-2.5 percent), due to a fall in industrial supplies, processed (-11.3 percent). Meantime, increases were reported for fuel & lubricants, processed, other (20.5 percent), and industrial supplies, primary (27.2 percent). Also, inbound shipments of consumption goods went down 5.4 percent, led by semi-durables (-19.6 percent), and durables (-13.8 percent). Meantime, imports of capital goods fell 23.6 percent, attributed to capital good except transport equipment (-20.2 percent); transport equipment industrial (-44.6 percent).
 
By country, purchases dropped from: the EU countries (-7.2 percent); the ASEAN countries (-11.9 percent). Meanwhile, imports from China tumbled by 12.6 percent, mainly due to electrical & electronic/E&E products. Also, imports from Singapore slumped 14.3 percent, led by E & E products.  
 
Considering the first half of the year, the trade balance recorded a surplus of USD 67.2 billion, compared with a surplus of USD 60.5 billion in the same period of 2018. 

Malaysia’s total trade is projected to grow moderately by 5 percent in 2019 from 5.9 percent in 2018 due to uncertainties in the global market. 





Department of Statistics, Malaysia l Chusnul Ch Manan | chusnul@tradingeconomics.com
8/2/2019 5:14:13 AM



Malaysia Trade Last Previous Highest Lowest Unit
Balance of Trade 10300.00 9100.00 16313.37 -2880.61 MYR Million [+]
Current Account 16387.00 10835.00 39982.00 978.00 MYR Million [+]
Current Account to GDP 2.30 3.00 17.10 -13.20 percent [+]
Imports 65900.00 75062.74 80197.13 313.60 MYR Million [+]
Exports 76200.00 84145.10 96363.90 328.10 MYR Million [+]
External Debt 903679.82 924887.22 933396.80 9063.00 MYR Million [+]
Terms of Trade 97.60 96.90 117.20 92.50 Index Points [+]
Tourism Revenues 84135.20 82200.00 84135.20 8580.50 MYR Million [+]
Tourist Arrivals 2098267.00 2159517.00 2806565.00 459374.00 [+]
Gold Reserves 38.90 38.90 38.90 35.46 Tonnes [+]
Crude Oil Production 617.00 640.00 791.00 489.00 BBL/D/1K [+]
Terrorism Index 2.70 3.33 3.58 0.00 [+]
Capital Flows -13823.00 -6161.00 51436.00 -71537.00 MYR Million [+]
Foreign Direct Investment 21726.00 12882.00 37325.00 2452.00 MYR Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Malaysia Balance of Trade

International trade plays a large role in Malaysian economy. Since 1998, Malaysia have been reporting consistent trade surpluses, mainly due to rise in exports of electrical and electronics products. In 2015, the biggest trade surpluses were recorded with Hong Kong, Singapore, Japan, and United States while the biggest trade deficits with China and Taiwan. . 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 - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
10300.00 9100.00 16313.37 -2880.61 1970 - 2019 MYR Million Monthly




Country Last Previous
Argentina 1061.00 Jun/19
Australia 8036.00 Jun/19
Brazil 2290.00 Jul/19
Canada 135.80 Jun/19
China 450.50 Jul/19
Euro Area 23033.60 May/19
France -5187.00 Jun/19
Germany 16821.00 Jun/19
India -15280.00 Jun/19
Indonesia 196.00 Jun/19
Italy 5728.50 Jun/19
Japan 589.46 Jun/19
Mexico 2561.00 Jun/19
Netherlands 5579.00 May/19
Russia 12508.00 Jun/19
Saudi Arabia 131636.00 Mar/19
Singapore 2447.29 Jun/19
South Africa 4419.50 Jun/19
South Korea 2441.00 Jul/19
Spain -2110200.00 May/19
Switzerland 3251.00 Jun/19
Turkey -3177.27 Jun/19
United Kingdom 1779.00 Jun/19
United States -55154.00 Jun/19


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