Malaysia’s trade surplus surged to MYR 20.7 billion in December 2020 from MYR 12 billion in the same month a year ago, and above market expectations of MYR 19.9 billion as exports rose more than imports, amid the coronavirus pandemic. Exports jumped 10.8 percent, led by higher sales of manufactured goods and agricultural goods. Imports rose 1.6 percent as purchases of consumption goods rose by 3.3 percent. Meanwhile, purchases of both intermediate and capital goods declined. Considering 2020 full year, the trade surplus was MYR 184.8 billion, as exports fell 1.4 percent from a year earlier to MYR 981 billion, while imports shrank at a faster 6.3 percent to MYR 796.2 billion. source: Department of Statistics, Malaysia

Balance of Trade in Malaysia averaged 3800.12 MYR Million from 1970 until 2020, reaching an all time high of 25176 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 February of 2021.

Balance of Trade in Malaysia is expected to be 11200.00 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 12200.00 in 12 months time. In the long-term, the Malaysia Balance of Trade is projected to trend around 12200.00 MYR Million in 2022 and -1500.00 MYR Million in 2023, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Malaysia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
20700.00 17053.00 25176.00 -3633.59 1970 - 2020 MYR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-10-28 04:00 AM Sep MYR22B MYR13.2B MYR13.9B MYR 13B
2020-11-27 04:00 AM Oct MYR22.1B MYR22B MYR20.4B MYR 17B
2020-12-28 04:00 AM Nov MYR16.8B MYR22.1B MYR12.7B MYR 19B
2021-01-29 04:00 AM Dec MYR20.7B MYR17.05B MYR19.9B MYR 16B
2021-02-26 04:00 AM Jan MYR20.7B MYR 20B
2021-03-29 04:00 AM Feb
2021-04-28 04:00 AM Mar
2021-05-28 04:00 AM Apr


News Stream
Malaysia Trade Surplus Larger than Expected
Malaysia’s trade surplus surged to MYR 20.7 billion in December 2020 from MYR 12 billion in the same month a year ago, and above market expectations of MYR 19.9 billion as exports rose more than imports, amid the coronavirus pandemic. Exports jumped 10.8 percent, led by higher sales of manufactured goods and agricultural goods. Imports rose 1.6 percent as purchases of consumption goods rose by 3.3 percent. Meanwhile, purchases of both intermediate and capital goods declined. Considering 2020 full year, the trade surplus was MYR 184.8 billion, as exports fell 1.4 percent from a year earlier to MYR 981 billion, while imports shrank at a faster 6.3 percent to MYR 796.2 billion.
2021-01-29
Malaysia Trade Surplus Widens in November
Malaysia’s trade surplus increased to MYR 16.8 billion in November 2020 from MYR 6.6 billion in the same month a year ago, and above market expectations of MYR 12.7 billion as exports rose while imports plunged, amid the coronavirus pandemic. Exports were up 4.3 percent, led by higher sales of manufactured goods and agricultural goods. Imports tumbled 9.0 percent as purchases of both intermediate and capital goods slumped. Also, imports of consumption goods fell. Considering the first eleven months of 2020, the trade surplus was MYR 163.8 billion, as exports were down 2.6 percent from a year earlier to MYR 885.0 billion, while imports contracted 7.0 percent to MYR 721.2 billion.
2020-12-28
Malaysia Trade Surplus Larger than Expected
Malaysia’s trade surplus increased to MYR 22.1 billion in October 2020 from MYR 17.3 billion in the same month a year ago, and above market expectations of MYR 20.4 billion, amid the coronavirus pandemic. This was the largest trade surplus since July, as exports rose while imports fell. Exports were up 0.2 percent, led by higher sales of manufactured goods and agricultural goods. Imports declined 6.0 percent as purchases of both intermediate and capital goods dropped. Considering the first ten months of 2020, the trade surplus was MYR 147.1 billion, as exports were down 3.3 percent from a year earlier to MYR 800.6 billion, while imports decreased 6.8 percent to MYR 653.5 billion.
2020-11-27
Malaysia Trade Surplus Second Largest on Record
Malaysia’s trade surplus increased sharply to MYR 22 billion in September 2020 from MYR 8.3 billion in the same month a year ago, and far above market expectations of MYR 13.9 billion, amid the coronavirus pandemic. This was the second largest trade surplus on record, as exports jumped while imports declined. Exports surged 13.6 percent, led by higher sales of manufactured goods and agricultural goods. Imports declined 3.6 percent as purchases of both intermediate and capital goods fell. Considering the first nine months of 2020, the trade surplus was MYR 125 billion, as exports were down 3.7 percent from a year earlier to MYR 709.6 billion, while imports fell 6.9 percent to MYR 584.6 billion.
2020-10-28

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. .