Malaysia's trade surplus increased to MYR 10.4 billion in December of 2018 from MYR 7.4 billion in the same month of the prior year and beating market expectations of a MYR 7.4 billion surplus. Exports rose 4.8 percent, above market consensus of a 2.4 percent increase, mainly due to sales of electrical & electronic products and chemicals & chemical products. Meantime, imports went up at a slower 1.1 percent, missing estimates of a 1.3 percent gain. Higher purchases of intermediate goods and consumer goods were partly offset by a slump in those of capital goods. Balance of Trade in Malaysia averaged 3401.90 MYR Million from 1970 until 2018, 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 5100.00 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 7000.00 in 12 months time. In the long-term, the Malaysia Balance of Trade is projected to trend around 10200.00 MYR Million in 2020, according to our econometric models.