Imports to Malaysia tumbled by 8.7 percent year-on-year to MYR 67.4 billion in July 2020, worse than an expected 5.5 percent fall, and after a 5.6 percent drop in the previous month. It was the fifth straight month of decline in imports, as public health measures to contain the coronavirus hit demand. Arrivals of intermediate and capital goods plunged 17.3 percent and 19.7 percent respectively. Meanwhile, imports for consumption goods inched up 0.1 percent. By country, arrivals from China and Singapore were down 8.9 percent and 1.1 percent respectively, while those from the US surged 11 percent. Imports also slumped from the ASEAN countries (-12.6 percent).
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 September of 2020. source: Department of Statistics, Malaysia
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.