Malaysia Trade Surplus Widens in June

Malaysia reported a MYR 7.98 billion trade surplus in June of 2015, up from MYR 4.10 billion a year earlier and beating market consensus, as exports unexpectedly grew while imports fell.
Statistics Malaysia l Rida Husna l 8/5/2015 6:11:07 AM
Year-on-year, exports increased by 5.0 percent to MYR64.26 billion in June. Sales rose for: electrical and electronics/E&E products (+13.5 percent to MYR23.3 billion), palm oil and palm based-products (+14.7 percent to MYR5.97 billion), timber and timber-based products (+8.2 percent to MYR1.63 billion) and natural rubber (+21.9 percent to MYR377.1 million). In contrast, outbond shipments declined for: LNG (-45.2 percent to MYR2.9 billion); refined petroleum products (-27.6 percent to MYR3.20 billion) and crude petroleum (-30.0 percent to MYR2.12 billion).

Compared to the previous month, outbond shipments rose to China (+MYR1.6 billion), Taiwan (+MYR435.1 million), the US (+393.6 million), Hong Kong (+MYR288.2 million) and Indonesia (+MYR219.4 million).

Imports decreased by 1.5  percent to MYR 56.28 billion, mainly due to a drop in purchases of capital goods and intermediate goods. Imports of capital goods fell by 16.5 percent  to MYR 7.3 billion, mainly due to a decline in transport equipment and industrial (-MYR1.6 billion, down 69.1 percent). In contrast, capital goods (except for transport equipment) increased by MYR142.9 million or 2.2 percent. Inbound shipments of intermediate goods declined by 2.4 percent to MYR32.80 billion, mainly due to a decrease in fuel & lubricants, primary (-MYR1.2 billion, down 41.5 percent), fuel & lubricants, processed, others (-MYR824.9 million, down 34.8 percent) and industrial supplies, primary (-MYR282.9 million, down 17.4 percent). In contrast, purchases of consumption goods, expanded by 36.9 percent to 5.4 billion, due to an increase of semi-durables (+MYR819.2 million, up 121.8 percent), non-durables (+MYR314.0 million, up 30.4 percent), and food & beverages, processed, mainly for household consumption (+MYR219.9 million, up 18.2 percent).

Compared to the preceding month, imports rise from the US (+MYR1.0 billion), Japan (+MYR620.3 million), Indonesia (+MYR471.1 million) and China (+MYR448.4 million). 

In May 2015, Malaysia posted a  MYR 5.51 billion trade surplus.

Malaysia Trade Surplus Widens in June