Exports from Malaysia slumped 17.4% yoy to a 14-month low of MYR 105.4 billion in April 2023, following a 1.4% drop in the prior month and coming in worse than the market estimates of a 5% fall. It was the second straight month of decline in exports and the steepest pace since May 2020 due to weakening global demand and moderating commodity prices. Sales of agricultural products plunged 29.2% mainly due to a drop in palm oil & palm oil-based agriculture products and natural rubber. Also, mining exports slumped by 28.9%, dragged by LNG, crude petroleum, and metalliferous ores & metal scrap. Meanwhile, sales of manufactured products shrank by 15.5%, mainly driven by lower shipments of electrical & electronic products; petroleum products. Among top trading partners, the exports dropped to China (-19.9%), the US (-21.5%), Japan (-20.5%), Thailand (-24.1%), Singapore (-1.3%), and the EU (-30.5%). Considering the first four months of the year, sales fell 2.6% from the same period in 2022. source: Department of Statistics, Malaysia

Exports YoY in Malaysia averaged 12.82 percent from 1971 until 2023, reaching an all time high of 84.30 percent in February of 1974 and a record low of -30.40 percent in January of 2009. This page includes a chart with historical data for Malaysia Exports YoY. Malaysia Exports YoY - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

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Malaysia Exports YoY



Calendar GMT Actual Previous Consensus TEForecast
2023-04-19 04:00 AM Mar -1.4% 9.8% -3.5%
2023-05-19 04:00 AM Apr -17.4% -1.4% -5%
2023-06-19 04:00 AM May -17.4%

Malaysia Exports YoY
Exports supported by influx of foreign direct investments have been one of the most important factors driving Malaysia’s GDP growth in recent years. Malaysia's main exports are: electrical and electronics products (36 percent), chemicals (7.1 percent), petroleum products (7.0 percent), liquefied natural gas (6 percent), and palm oil (5.1 percent). Malaysia's main export partners are: Singapore (14 percent), China (13 percent), European Union (10 percent), Japan (9.5 percent), the United States (9.4 percent) and Thailand (6 percent).
Actual Previous Highest Lowest Dates Unit Frequency
-17.40 -1.40 84.30 -30.40 1971 - 2023 percent Monthly

News Stream
Malaysia Exports Fall the Most in Near 3 Years
Exports from Malaysia slumped 17.4% yoy to a 14-month low of MYR 105.4 billion in April 2023, following a 1.4% drop in the prior month and coming in worse than the market estimates of a 5% fall. It was the second straight month of decline in exports and the steepest pace since May 2020 due to weakening global demand and moderating commodity prices. Sales of agricultural products plunged 29.2% mainly due to a drop in palm oil & palm oil-based agriculture products and natural rubber. Also, mining exports slumped by 28.9%, dragged by LNG, crude petroleum, and metalliferous ores & metal scrap. Meanwhile, sales of manufactured products shrank by 15.5%, mainly driven by lower shipments of electrical & electronic products; petroleum products. Among top trading partners, the exports dropped to China (-19.9%), the US (-21.5%), Japan (-20.5%), Thailand (-24.1%), Singapore (-1.3%), and the EU (-30.5%). Considering the first four months of the year, sales fell 2.6% from the same period in 2022.
2023-05-19
Malaysia Exports Fall for 1st Time in 31 Months
Exports from Malaysia dropped 1.4% year-on-year to MYR 129.7 billion in March 2023, reversing a 9.8% surge in the prior month but coming in better than the market estimates of a 3.5% fall. It was the first export decline since August 2020 due to moderating commodity prices. Sales of agricultural products plunged 10.8% due to a drop in palm oil & palm oil-based agriculture products and natural rubber. Also, mining exports shrank by 3.5%, dragged by LNG, crude petroleum, and metalliferous ores & metal scrap. Meanwhile, sales of manufactured products decreased by 0.4%, mainly driven by lower shipments of electrical & electronic products, chemical & chemical products, and metal. Among top trading partners, the exports fell to China (-6.2%), Japan (-6.0%), Thailand (-3.7%), and the EU (-5.3%) while rising to the US (7.5%), Singapore (3.1%), and Hong Kong (9.5%). In the first three months of the year, sales grew 2.8% from the same period in 2022.
2023-04-19
Malaysia Exports Rise More than Expected
Exports from Malaysia surged 9.8% year-on-year to MYR 112.3 billion in February 2023, following a downwardly revised 1.4% growth in the previous month and beating market estimates of a 4.5% gain. It was the highest reading in three months, due to solid global demand. Mining exports surged 34.8%, boosted by LNG, crude petroleum, and condensates & other petroleum oils Also, sales of manufactured products rose 9.5%, mainly driven by higher exports of petroleum products, followed electrical & electronic products; machinery, equipment & parts, and optical & scientific equipment. Meanwhile, sales of agricultural products fell 9% due to a fall in palm oil & palm oil-based agriculture products and natural rubber. Among top trading partners, the shipments climbed to Singapore (27.7%), the US (18.7%), and Japan (8.3%) while declining to China (-6.0%) and the EU (-2.2%).
2023-03-20


United Nations Comtrade Database
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