Exports from Malaysia unexpectedly surged 2.7% from a year earlier to MYR 86.4 billion in December 2019, compared to market consensus of a 1% fall and a 5.5% drop in November. Sales increased for the first time since July, driven by refined petroleum products (35.2%), timber & timber-based products (9.8%), palm oil & palm oil-based products (20.9%), and natural rubber (8.1%), while declined for crude petroleum (-24.3%), electrical & electronic products (-5.4%), and liquefied natural gas (-21.3%). Among major trading partners, exports to China jumped 17.8%, led by measuring, checking, analysing and controlling instruments and apparatus; while those to Singapore fell 2.7%, mainly dragged by electrical and electronic products (-17.9%). Also, sales to the US advanced 15.1% For full year 2019, exports were down 1.7% over the prior year to MYR 986 billion, due to lower shipments to Hong Kong, Japan, Australia, Singapore and the EU.
Exports in Malaysia averaged 25292.20 MYR Million from 1970 until 2019, reaching an all time high of 97122 MYR Million in October of 2018 and a record low of 328.10 MYR Million in February of 1970. This page provides the latest reported value for - Malaysia Exports - 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
Exports in Malaysia is expected to be 88000.00 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 87000.00 in 12 months time. In the long-term, the Malaysia Exports is projected to trend around 89000.00 MYR Million in 2021, according to our econometric models.