Exports from Malaysia unexpectedly rose by 1.1 percent year-on-year to MYR 85.2 billion in April 2019, missing market consensus of a 1 percent fall and after a 0.5 percent contraction in the previous month. Sales increased for: electrical and electronic products/E&E (3.9 pct); refined petroleum products (22.3 pct); liquefied natural gas (26.3 pct); natural rubber (6.0 pct). By contrast, outbound shipments declined for: crude petroleum (-34.6 pct); palm oil and palm oil-based products (-14.8 pct), and timber and timber based products (-3.1 pct). By country, sales rose to Singapore (11.3 pct), driven by E&E products; refined petroleum, and crude petroleum; while fell to China (-6.9 pct), led by E&E products. Exports in Malaysia averaged 24398.67 MYR Million from 1970 until 2019, reaching an all time high of 96363.90 MYR Million in October of 2018 and a record low of 328.10 MYR Million in February of 1970.
Exports in Malaysia is expected to be 79000.00 MYR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Malaysia to stand at 88000.00 in 12 months time. In the long-term, the Malaysia Exports is projected to trend around 89000.00 MYR Million in 2020, according to our econometric models.