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.