Exports from Malaysia unexpectedly dropped 2.9 percent from a year earlier to MYR 79.1 billion in August 2020, after a 3.1 percent rise in the prior month, and defying market consensus of 4.8 percent rise. It was the first decline in exports in three months, amid the coronavirus crisis. Exports fell for manufactured goods (-0.1 percent), agriculture goods (-4.5 percent), and slumped for mining sectors (-25.9 percent). Among major trading partners, exports to the ASEAN countries fell 8 percent, while surged to China (20.9 percent) and the US (13.6 percent). Exports also increased to Singapore (0.8 percent). source: Department of Statistics, Malaysia
Exports in Malaysia averaged 25688.35 MYR Million from 1970 until 2020, 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. Malaysia Exports - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Exports in Malaysia is expected to be 65500.00 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 69250.00 in 12 months time. In the long-term, the Malaysia Exports is projected to trend around 71000.00 MYR Million in 2021 and 75000.00 MYR Million in 2022, according to our econometric models.