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.