Malaysia's trade surplus increased sharply to MYR 10.9 billion in August of 2019 from MYR 1.4 billion in the same month of the prior year and beating market expectations of a MYR 10.4 billion surplus, as exports fell less than imports. Balance of Trade in Malaysia averaged 3517.41 MYR Million from 1970 until 2019, reaching an all time high of 16851.56 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 12000.00 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 15100.00 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
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
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 MYR14.3B MYR10.5B MYR10.7B MYR7.4B
2019-10-04 04:00 AM Balance of Trade Aug MYR10.9B MYR14.3B MYR10.4B MYR2.2B
2019-11-04 04:00 AM Balance of Trade Sep MYR10.9B MYR 18.2B
2019-12-05 04:00 AM Balance of Trade Oct MYR15.9B

Malaysia Trade Surplus Widens Sharply in August

Malaysia's trade surplus increased sharply to MYR 10.9 billion in August of 2019 from MYR 1.4 billion in the same month of the prior year and beating market expectations of a MYR 10.4 billion surplus, as exports fell less than imports.

Year-on-year, exports unexpectedly dropped by 0.8 percent year-on-year to MYR 81.4 billion in August 2019, missing market consensus of a 2.5 percent rise and after a 1.7 percent gain in the previous month. Sales decreased for electrical & electronic products (-7.4 percent); crude petroleum (-40 percent); liquefied natural gas/LNG (-11.2 percent). By contrast, outbound shipments increased for: palm oil & palm oil-based products (16.7 percent); refined petroleum products (7.7 percent); timber and timber-based products (1.7 percent), and natural rubber (3.7 percent).

Among major trading partners, sales dropped to China (-2.8 percent), led by electrical & electronic products and refined petroleum product; Singapore (-7.2 percent), driven by electrical and electronic products; while those to the US increased by 6.8 percent.

Imports plunged by 12.5 percent year-on-year to MYR 70.4 billion in August 2019, worse than market expectations of an 8 percent drop and compared to a 5.9 percent fall in the previous month. Imports of capital goods tumbled 31 percent, due to decline in both capital goods except transport equipment (-23.3 percent) and transport equipment, industrial (-70.6 percent). Also, purchases of intermediate goods decreased by 13.9 percent, mainly attributed to industrial supplies, processed (-10.7 percent); parts and accessories of capital goods (-12 percent); fuel & lubricants, primary (-38 percent), and fuel & lubricants, processes, others (-97.4 percent). In addition, imports of consumption goods contracted 12.8 percent, driven by semi-durables (-30.7 percent) and durables (-38.4 percent).

By country, purchases dropped from the EU countries (-20.3 percent), the ASEAN countries (-16.9 percent). Meanwhile, imports from China tumbled by 11.5 percent, mainly due to electrical & electronic/E&E products. Also, imports from Singapore slumped 18.1 percent, led by refined petroleum products.
Considering the first eight months of the year, the country's trade balance recorded a surplus of USD 92.5 billion, compared with a surplus of USD 70.2 billion in the same period 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| l
10/4/2019 8:36:13 AM

Malaysia Trade Last Previous Highest Lowest Unit
Balance of Trade 10921.37 14275.86 16851.56 -2880.61 MYR Million [+]
Current Account 14257.00 16387.00 39982.00 978.00 MYR Million [+]
Current Account to GDP 2.30 3.00 17.10 -13.20 percent [+]
Imports 70433.67 73682.50 80536.08 313.60 MYR Million [+]
Exports 81400.00 87962.50 97122.00 328.10 MYR Million [+]
External Debt 931083.27 903679.82 933396.80 9063.00 MYR Million [+]
Terms of Trade 98.10 98.10 117.20 92.50 Index Points [+]
Tourism Revenues 84135.20 82165.00 84135.20 8580.50 MYR Million [+]
Tourist Arrivals 2400561.00 2098267.00 2806565.00 459374.00 [+]
Gold Reserves 38.88 38.90 38.90 35.46 Tonnes [+]
Crude Oil Production 628.00 628.00 791.00 489.00 BBL/D/1K [+]
Terrorism Index 2.70 3.33 3.58 0.00 [+]
Capital Flows -18560.00 -13823.00 51436.00 -71537.00 MYR Million [+]
Foreign Direct Investment 4395.37 21725.64 21725.64 -1982.56 MYR Million [+]

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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
10921.37 14275.86 16851.56 -2880.61 1970 - 2019 MYR Million Monthly

Country Last Previous
Argentina 1168.00 Aug/19
Australia 5926.00 Aug/19
Brazil 2250.00 Sep/19
Canada -955.30 Aug/19
China 396.50 Sep/19
Euro Area 14702.40 Aug/19
France -5019.00 Aug/19
Germany 16205.00 Aug/19
India -10860.00 Sep/19
Indonesia -160.50 Sep/19
Italy 2585.00 Aug/19
Japan -136.30 Aug/19
Mexico 775.00 Aug/19
Netherlands 3879.00 Aug/19
Russia 12006.00 Aug/19
Saudi Arabia 127500.00 Jun/19
Singapore 3833.90 Sep/19
South Africa 6842.94 Aug/19
South Korea 5973.00 Sep/19
Spain -2490000.00 Jul/19
Switzerland 2881.00 Sep/19
Turkey -2500.39 Aug/19
United Kingdom -1546.00 Aug/19
United States -54896.00 Aug/19