Malaysia’s trade surplus increased sharply to MYR 22 billion in September 2020 from MYR 8.3 billion in the same month a year ago, and far above market expectations of MYR 13.9 billion, amid the coronavirus pandemic. This was the second largest trade surplus on record, as exports jumped while imports declined. Exports surged 13.6 percent, led by higher sales of manufactured goods and agricultural goods. Imports declined 3.6 percent as purchases of both intermediate and capital goods fell. Considering the first nine months of 2020, the trade surplus was MYR 125 billion, as exports were down 3.7 percent from a year earlier to MYR 709.6 billion, while imports fell 6.9 percent to MYR 584.6 billion. source: Department of Statistics, Malaysia
Balance of Trade in Malaysia averaged 3721.02 MYR Million from 1970 until 2020, reaching an all time high of 25176 MYR Million in July of 2020 and a record low of -3633.59 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 November of 2020.
Balance of Trade in Malaysia is expected to be 1500.00 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 -1000.00 in 12 months time. In the long-term, the Malaysia Balance of Trade is projected to trend around -1800.00 MYR Million in 2021 and -1500.00 MYR Million in 2022, according to our econometric models.