Malaysia’s trade surplus increased to MYR 13.2 billion in August 2020 from MYR 10.9 billion in the same month a year ago, but below market expectations of MYR 17.9 billion, amid the coronavirus pandemic. Exports dropped 2.9 percent, led by lower sales of mining sectors, agriculture and manufactured goods. Imports declined at a faster 6.5 percent as purchases of both intermediate and capital goods fell. Considering the first eight months of 2020, the trade surplus was MYR 102.9 billion, as exports were down 5.8 percent from a year earlier to MYR 620.6 billion, while imports fell 7.3 percent to MYR 517.7 billion source: Department of Statistics, Malaysia
Balance of Trade in Malaysia averaged 3675.40 MYR Million from 1970 until 2020, reaching an all time high of 25200 MYR Million in July of 2020 and a record low of -3633.59 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 October of 2020.
Balance of Trade in Malaysia is expected to be 500.00 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.