Imports to Malaysia declined unexpectedly by 9.2 percent year-on-year to MYR 65.9 billion in June 2019, missing market expectations of a 1.1 percent growth and shifting from a 1.4 percent gain in the previous month. This marked the first yearly drop in inbound shipments since March, as purchases shrank for all categories. Imports of capital goods tumbled 23.6 percent, dragged down by both capital goods except transport equipment (-20.2%) and transport equipment, industrial (-44.6%). Also, purchases of intermediate goods decreased by 2.4 percent, mainly attributed to industrial supplies, processed (-11.3%). In addition, imports of consumption goods contracted 5.4 percent, driven by semi-durables (-19.6%) and durables (-13.8%). Arrivals fell from China (-12.6%) and Singapore (-14.3%). For the first half 2019, purchases dropped 1.8 percent from the same period the prior year. Imports in Malaysia averaged 21207.85 MYR Million from 1970 until 2019, reaching an all time high of 80197.13 MYR Million in August of 2018 and a record low of 313.60 MYR Million in August of 1970.
Imports in Malaysia is expected to be 69800.00 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 74400.00 in 12 months time. In the long-term, the Malaysia Imports is projected to trend around 76800.00 MYR Million in 2020, according to our econometric models.