Imports to Malaysia dropped by 9 percent year-on-year to MYR 67.6 billion in November 2020, worse than an expected 4.8 percent fall, and after 6 percent fall in the previous month. It was the ninth straight month of decline in imports, as public health measures to contain the coronavirus hit demand. Arrivals of capital and intermediate goods plunged 26.5 percent and 10.6 percent respectively. Meanwhile, imports for consumption goods were down 7.2 percent. By country, arrivals from Singapore and the US tumbled 25.8 percent and 11.1 percent respectively, while those from China dropped by 4.5 percent. Imports also decreased from the ASEAN countries (-13.9 percent). source: Department of Statistics, Malaysia
Imports in Malaysia averaged 22161.50 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 January of 2021.
Imports in Malaysia is expected to be 65000.00 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 71830.00 in 12 months time. In the long-term, the Malaysia Imports is projected to trend around 72800.00 MYR Million in 2021 and 76500.00 MYR Million in 2022, according to our econometric models.