Exports from Malaysia rose by 2.5 percent year-on-year to MYR 84.1 billion in May 2019, below market consensus of a 3.6 percent gain and after a 1.1 percent increase in the previous month. Sales went up for electrical & electronic products (0.5 percent); palm oil & palm oil-based products (7.6 percent); timber & timber based products (15.0 percent); natural rubber (5.3 percent). By contrast, outbound shipments declined for crude petroleum (-20.0 percent); refined petroleum products (-15.5 percent), and liquefied natural gas products (-5.2 percent). Among major trading partners, sales rose to the US (11.7 percent); Singapore (2.6 percent), driven by refined petroleum products, while fell to China (-2.2 percent), led by E&E products. Exports in Malaysia averaged 24601.97 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 84000.00 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 80500.00 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.