Exports from Malaysia dropped by 0.5 percent year-on-year to MYR 84.0 billion in March 2019, less than market consensus of a 0.8 percent fall and after a 5.3 percent contraction in the previous month. Sales fell for: crude petroleum (-33 pct); palm oil & palm oil-based products (-10.2 percent ); electrical & electronic/E&E products (-1.9 pct); timber & timber-based products (-3.3 pct); and natural rubber (-12.4 pct). In contrast, outbound shipments advanced for both refined petroleum products (16.2 pct); and liquefied natural gas/LNG (17.2 pct). By country, sales fell to Singapore (-6.9 pct), dragged by E&E products and refined petroleum; while rose to China (11.8 pct), led by E&E products, LNG and timber and timber-based products. Exports in Malaysia averaged 24398.67 MYR Million from 1970 until 2019, reaching an all time high of 96363.90 MYR Million in October of 2018 and a record low of 328.10 MYR Million in February of 1970.
Exports in Malaysia is expected to be 79000.00 MYR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Malaysia to stand at 88000.00 in 12 months time. In the long-term, the Malaysia Exports is projected to trend around 89000.00 MYR Million in 2020, according to our econometric models.