Exports from Malaysia unexpectedly fell by 3.1 percent year-on-year to MYR 76.2 billion in June 2019, missing market consensus of a 1.8 percent gain and after a 2.5 percent increase in the previous month. This was the first decline in exports since March, as sales declined for both electrical & electronic products (-6.0 percent) and timber & timber based products (-17.6 percent). By contrast, outbound shipments increased for: crude petroleum (31.7 percent); palm oil & palm oil-based products (2.2 percent); natural rubber (10.7 percent); refined petroleum products (8.4 percent), and liquefied natural gas products (5.5 percent). Among major trading partners, sales decreased to China (-12.0 percent), led by electrical and electronic products; Singapore (-0.9 percent), dragged down by electrical and electronic products, while increased to the US (8.8 percent).For the first half of 2019, exports decreased 0.2 percent from the same period the previous year, Exports in Malaysia averaged 24601.97 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 84000.00 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 80500.00 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.