Malaysia's trade surplus shrank to MYR 6.5 billion in November 2019 from MYR 8.5 billion in the same month of 2018 and against market estimates of MYR 10.8 billion. This was the smallest trade surplus since August 2018, as exports fell more than imports. Exports dropped by 5.5 percent year-on-year to MYR 80.8 billion, worse than market consensus of a 4.4 percent fall, as sales fell mostly for electrical & electronic products (-11.6%); palm oil & palm oil-based products (-2.6%); refined petroleum products (-19%) and crude oil (-23.4%). Among major trading partners, sales dropped to Singapore (-12.5%), due to electrical & electronic products (-23.4%). Imports fell by 3.6 percent year-on-year to MYR 74.3 billion, below market expectations of a 5 percent decline, on lower purchases of capital goods (-4.3%) while those of intermediate goods (1.8%) and consumption goods (1.9%) rose. Among major trade partners, purchases fell from Singapore (-9.1%), mainly due to refined petroleum (-21.2%). Balance of Trade in Malaysia averaged 3553.53 MYR Million from 1970 until 2019, reaching an all time high of 17325.83 MYR Million in October of 2019 and a record low of -2880.61 MYR Million in June of 1997. source: Department of Statistics, Malaysia

Balance of Trade in Malaysia is expected to be 16500.00 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 2020, according to our econometric models.

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Malaysia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
6535.41 17325.83 17325.83 -2880.61 1970 - 2019 MYR Million Monthly



Calendar GMT Actual Previous Consensus TEForecast
2019-10-04 04:00 AM Aug MYR10.9B MYR14.3B MYR10.4B MYR2.2B
2019-11-04 04:00 AM Sep MYR8.3B MYR10.9B MYR14.4B MYR15B
2019-12-04 04:00 AM Oct MYR17.3B MYR8.3B MYR10.6B MYR15.9B
2020-01-03 04:00 AM Nov MYR6.5B MYR17.3B MYR10.8B MYR12.6B
2020-02-04 04:00 AM Dec MYR6.5B MYR 12B


News Stream
2019-12-04
Malaysia Trade Surplus Hits Record High
Malaysia's trade surplus widened to MYR 17.3 billion in October 2019 from MYR 16.9 billion in the same month of the prior year and far above market expectations of MYR 10.6 billion. This was the largest trade surplus since the series began in 1970, as exports fell less than imports.

2019-11-04
Malaysia Posts Smallest Trade Surplus in 13 Months
Malaysia's trade surplus declined sharply to MYR 8.30 billion in September of 2019 from MYR 15.6 billion in the same month of the prior year and far below market expectations of a MYR 14.4 billion surplus. This was the smallest trade surplus since August last year, as exports fell while imports rose

2019-10-04
Malaysia Trade Surplus Widens Sharply
Malaysia's trade surplus increased sharply to MYR 10.9 billion in August of 2019 from MYR 1.4 billion in the same month of the prior year and beating market expectations of a MYR 10.4 billion surplus, as exports fell less than imports. Exports declined 0.8 percent year-on-year to MYR 81.4 billion, missing market consensus of a 2.5 percent gain, mainly due to sales of electrical & electronic products, crude petroleum, and liquefied natural gas. Meantime, imports tumbled 12.5 percent to MYR 70.4 billion, compared with forecasts of an 8 percent fall. This was the third straight month decrease in imports, dragged down by purchases of capital, intermediate, and consumption goods. Considering the first eight months of the year, the country's trade balance recorded a surplus of USD 92.5 billion.

2019-09-04
Malaysia Posts Largest Trade Surplus in 4 Months
Malaysia's trade surplus increased sharply to MYR 14.3 billion in July of 2019 from MYR 8.1 billion in the same month of the prior year and easily beating market expectations of a MYR 10.7 billion surplus. It was the largest trade surplus since March, as exports rose while imports fell. Exports increased 1.7 percent year-on-year to MYR 88.0 billion, well above market consensus of a 2.5 percent fall, mainly due to sales of electrical & electronic products, liquefied natural gas, and timber and timber products. Meantime, imports dropped 5.9 percent to MYR 73.7 billion, compared with forecasts of a 7 percent fall. This was the second straight month decrease in imports, dragged down by purchases of capital, intermediate, and consumption goods. Considering the first seven months of the year, the country's trade balance recorded a surplus of USD 81.6 billion.

2019-08-02
Malaysia Trade Surplus Widens in June
Malaysia's trade surplus increased sharply to MYR 10.3 billion in June of 2019 from MYR 6 billion in the same month of the prior year and beating market expectations of a MYR 8.4 billion surplus. Exports fell 3.1 percent year-on-year to MYR 76.2 billion, missing market consensus of a 1.8 percent rise. This was the first decline in exports since March, mainly due to sales of electrical & electronic products and timber and timber products. Meantime, imports dropped at a faster 9.2 percent to MYR 65.9 billion, missing forecasts of a 1.1 percent gain. This was the first decrease in imports in three months, dragged down by purchases of capital, intermediate, and consumption goods. Considering the first half of the year, the country's trade balance recorded a surplus of USD 67.2 billion, compared with a surplus of USD 60.5 billion in the same period 2018.

2019-07-04
Malaysia Trade Surplus Beats Estimates in May
Malaysia's trade surplus increased to MYR 9.1 billion in May of 2019 from MYR 8.1 billion in the same month of the prior year and beating market expectations of a MYR 8.2 billion surplus. Exports went up 2.5 percent year-on-year to MYR 84.1 billion, below market consensus of a 3.6 percent rise, mainly due to sales of palm oil & palm oil-based products and electrical & electronic products. Meantime, imports rose at a softer 1.4 percent to MYR 75.1 billion, lower than forecasts of a 2.6 percent gain, driven by purchases of intermediate and consumption goods increased. Considering the first five months of the year, the country's trade balance recorded a surplus of USD 56.9 billion, compared with a surplus of USD 54.5 billion in the same period 2018.


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. .

Malaysia Trade Last Previous Highest Lowest Unit
Balance of Trade 6535.41 17325.83 17325.83 -2880.61 MYR Million [+]
Current Account 11452.00 14257.00 39982.00 978.00 MYR Million [+]
Current Account to GDP 2.30 3.00 17.10 -13.20 percent [+]
Imports 74300.00 73268.12 80536.08 313.60 MYR Million [+]
Exports 80800.00 90594.00 97122.00 328.10 MYR Million [+]
External Debt 916441.00 931083.27 933396.80 9063.00 MYR Million [+]
Terms of Trade 98.60 99.20 117.20 92.50 points [+]
Tourism Revenues 84135.20 82165.00 84135.20 8580.50 MYR Million [+]
Tourist Arrivals 1997093.00 2342438.00 2806565.00 459374.00 [+]
Gold Reserves 38.88 38.88 38.90 35.46 Tonnes [+]
Crude Oil Production 570.00 545.00 791.00 489.00 BBL/D/1K [+]
Terrorism Index 2.50 2.70 3.58 0.00 [+]
Capital Flows -1342.00 -18560.00 51436.00 -71537.00 MYR Million [+]
Foreign Direct Investment 2906.00 4395.37 21725.64 -1982.56 MYR Million [+]