Malaysia's trade surplus widened to MYR 12.6 billion in December 2019 from MYR 11 billion in the same month of 2018 and beating market estimates of MYR 9.1 billion. Exports unexpectedly rose 2.7 percent year-on-year to MYR 86.4 billion, against market consensus of a 1 percent fall, as sales increased mostly for timber and timber-based products (9.8%); palm oil & palm oil-based products (20.9%); refined petroleum products (35.2%) and natural rubber (8.1%). Among major trading partners, sales advanced to China (17.8%) and the US (15.1 percent). Imports went up 0.9 percent to MYR 73.8 billion, below market expectations of a 1.7 percent rise, on higher purchases of consumption goods (3.2%) and intermediate goods (6.0%). Among major trade partners, purchases went up from China (3.1%). Considering 2019 as a whole, the trade surplus widened 11% to MYR 137.4 billion, the largest since 2009, from MYR 123.8 billion in 2018, with imports and exports shrinking 3.4% and 1.7%, respectively
Balance of Trade in Malaysia averaged 3568.70 MYR Million from 1970 until 2019, reaching an all time high of 17325.83 MYR Million in October of 2019 and a record low of -2880.61 MYR Million in June of 1997. 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. source: Department of Statistics, Malaysia
Balance of Trade in Malaysia is expected to be 16500.00 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 11200.00 in 12 months time. In the long-term, the Malaysia Balance of Trade is projected to trend around 12200.00 MYR Million in 2021, according to our econometric models.