Exports from Malaysia tumbled 25.5 percent from a year earlier to MYR 62.7 billion in May 2020, the lowest since May 2009, as pandemic hits global demand. Exports plunged for manufactured goods (-23.5 percent), mining goods (-49.1 percent), and agriculture goods(-21.3 percent). Among major trading partners, exports to Singapore and the US were down 21.9 and 9.3 percent respectively, while shipments to China rose 4.4 percent. Exports also fell to the ASEAN countries (-30.6 percent).
Exports in Malaysia averaged 25627.32 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 July of 2020. source: Department of Statistics, Malaysia
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 668000.00 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.