Imports to Malaysia jumped by 11.3% yoy to MYR 61.8 billion in February 2020, compared with market consensus of a 2.7% rise, reversing from a 2.4% drop in January. Arrivals of consumption goods increased by 10.1%, attributed to food & beverages, processed, mainly for household consumption and food & beverages, primary mainly for household consumption. Meanwhile, purchases of intermediate goods jumped 20.4%, due to increases in parts & accessories of capital goods except transport equipment; fuel & lubricans, processed, others, and industrial supplies, processed. Conversely, those of capital goods tumbled 16.9%, led by both capital goods except transport equipment, and transport equipment, industrial. By country, purchases from China rose 6.5%, mainly due to E & E (28.5%). Purchases from the US jumped 20.4%. Arrivals from Singapore also went up 3.9%, largely due to refined petroleum products (30.6%). Meantime, imports from the ASEAN countries rose 3.9%.
Imports in Malaysia averaged 21892.92 MYR Million from 1970 until 2020, reaching an all time high of 80536.08 MYR Million in August of 2018 and a record low of 313.60 MYR Million in August of 1970. This page provides the latest reported value for - Malaysia Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Malaysia Imports - data, historical chart, forecasts and calendar of releases - was last updated on April of 2020. source: Department of Statistics, Malaysia
Imports in Malaysia is expected to be 70500.00 MYR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Malaysia to stand at 75800.00 in 12 months time. In the long-term, the Malaysia Imports is projected to trend around 75800.00 MYR Million in 2021 and 76800.00 MYR Million in 2022, according to our econometric models.