Malaysia posted a trade deficit of MYR 3.5 billion in April 2020, compared with a MYR 10.8 billion surplus in the same month a year ago and market expectations of a MYR 11.1 billion surplus. This was the country's first trade deficit since the Asian financial crisis of 1997, due to the negative impact the coronavirus pandemic. Exports tumbled the most in a decade led by lower sales of electrical and electronic products, palm oil & palm oil-based products and refined petroleum products. Imports declined at a softer pace as purchases of intermediate and consumption goods fell, while capital goods imports rose.

Balance of Trade in Malaysia averaged 3600.34 MYR Million from 1970 until 2020, reaching an all time high of 17325.83 MYR Million in October of 2019 and a record low of -3495.61 MYR Million in April of 2020. This page provides the latest reported value for - Malaysia Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Malaysia Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020. source: Department of Statistics, Malaysia

Balance of Trade in Malaysia is expected to be 15100.00 MYR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Malaysia to stand at 11200.00 in 12 months time. In the long-term, the Malaysia Balance of Trade is projected to trend around 12200.00 MYR Million in 2021, according to our econometric models.

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Malaysia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-3495.61 12314.10 17325.83 -3495.61 1970 - 2020 MYR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-03-04 04:00 AM Jan MYR12B MYR12.6B MYR12B MYR10.8B
2020-04-03 04:00 AM Feb MYR12.6B MYR12B MYR10.8B MYR 9.5B
2020-05-04 04:00 AM Mar MYR12.3B MYR12.6B MYR12.2B MYR 17.5B
2020-06-04 04:00 AM Apr MYR-3.5B MYR12.3B MYR11.1B MYR 9.8B
2020-07-03 04:00 AM May MYR-3.5B
2020-08-04 04:00 AM Jun MYR 15.1B
2020-09-04 04:00 AM Jul
2020-10-02 04:00 AM Aug


News Stream
Malaysia Posts Trade Gap for 1st Time Since 1997
Malaysia posted a trade deficit of MYR 3.5 billion in April 2020, compared with a MYR 10.8 billion surplus in the same month a year ago and market expectations of a MYR 11.1 billion surplus. This was the country's first trade deficit since the Asian financial crisis of 1997, due to the negative impact the coronavirus pandemic. Exports tumbled the most in a decade led by lower sales of electrical and electronic products, palm oil & palm oil-based products and refined petroleum products. Imports declined at a softer pace as purchases of intermediate and consumption goods fell, while capital goods imports rose.
2020-06-04
Malaysia Trade Surplus Narrows in March
Malaysia's trade surplus declined to MYR 12.3 billion in March 2020 from MYR 14.4 billion a year ago and slightly beating market estimates of MYR 12.2 billion. Exports dropped 4.7% year-on-year to MYR 80.1 billion, better than an expected 6% fall, as sales decreased for liquefied natural gas (-13.4%); timber & timber-based products (-15.6%); electrical and electronics (E&E) products (-13.9%); crude petroleum (-4.2%); natural rubber (-9.7%),and palm oil & palm oil-based products (-0.9%). By contrast, sales increased for refined petroleum products (44.3%). Among major trading partners, shipments fell to China (-6.1%), the US (-3.6%). Imports fell at a softer 2.7% to MYR 67.8 billion, better than market estimates of a 5.1 percent drop, amid lower acquisitions of capital goods (47.5%). Among major trade partners, purchases went down from the US (-5.3%); Singapore (-24.6%).
2020-05-04
Malaysia Trade Surplus Largest in 4 Months
Malaysia's trade surplus widened to MYR 12.6 billion in February 2020 from MYR 11.1 billion a year ago and beating market estimates of MYR 10.8 billion. It was the largest trade surplus since last October. Exports surged 11.8% year-on-year to MYR 74.5 billion, better than an expected 5% rise, as sales increased for liquefied natural gas (7.1%); timber & timber-based products (41.8%); palm oil & palm oil-based products (14.7%); refined petroleum products (21.7%), and natural rubber (33.2%). By contrast, sales decreased mostly for electrical and electronics (E&E) products (-2.7%); crude petroleum (-11.7%). Among major trading partners, shipments rose to China (11.0%), the US (25.5%). Imports jumped 11.3% to MYR 61.8 billion, better than market estimates of a 2.7 percent gain, amid higher acquisitions of intermediate goods (20.4%) and consumption goods (10.1%). Among major trade partners, purchases increased from China (6.5%), the US (20.4%).
2020-04-03
Malaysia Posts Widest Trade Surplus for January since 2010
Malaysia's trade surplus widened to MYR 12 billion in January 2020 from MYR 11.5 billion a year ago and matching market estimates. It was the largest trade surplus for a January month since 2010. Exports fell 1.5 percent year-on-year to MYR 84.1 billion, better than an expected 1.6 percent fall, as sales decreased for electrical and electronics (E&E) products (-5.5%); liquefied natural gas (-22.8%); crude petroleum (-10.9%); timber & timber-based products (-5.9%) and natural rubber (-0.5%). By contrast, sales increased mostly for palm oil & palm oil-based products (1.2%) and refined petroleum products (62%). Among major trading partners, shipments tumbled to China (-5.7%) while surged to the US (9.5 percent). Imports went down 2.4 percent to MYR 72.1 billion, worse than market estimates of a 1.8 percent fall, amid lower acquisitions of capital goods (-15%) and consumption goods (-1%). Among major trade partners, purchases dropped from China (-10.6%) and Singapore (-0.9%).
2020-03-04

Malaysia Balance of Trade
International trade plays a large role in Malaysian economy. Since 1998, Malaysia have been reporting consistent trade surpluses, mainly due to rise in exports of electrical and electronics products. In 2015, the biggest trade surpluses were recorded with Hong Kong, Singapore, Japan, and United States while the biggest trade deficits with China and Taiwan. .