Malaysia’s trade surplus surged to MYR 25.2 billion in July 2020 from MYR 14.3 billion in the same month a year ago, and beating market expectations of MYR 15.9 billion. It was the largest trade surplus since the series began in 1970, as exports rose while imports fell, amid the coronavirus pandemic. Exports increased 3.1 percent, led by higher sales of manufactured and agriculture goods. Imports declined as purchases of intermediate and capital goods fell.
Balance of Trade in Malaysia averaged 3675.40 MYR Million from 1970 until 2020, reaching an all time high of 25200 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 September of 2020. source: Department of Statistics, Malaysia
Balance of Trade in Malaysia is expected to be 500.00 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 -2580.00 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.