Exports from Malaysia unexpectedly increased 3.1 percent from a year earlier to MYR 92.5 billion in July 2020, easing from a downwardly revised 8.0 percent jump in the prior month, but defying market consensus of 1.2 percent fall. It was the second straight month of increase in exports, as global demand started to improve after a loosening of coronavirus-related lockdown measures. Exports rose for manufactured goods (4.7 percent), and agriculture goods (30.4 percent), while slumped for mining sectors (-30.2 percent). Among major trading partners, exports to China and the US surged 13.9 percent and 28.6 percent respectively. Exports also rose to Singapore (3.8 percent), and the ASEAN Countries (0.1 percent).
Exports in Malaysia averaged 25688.35 MYR Million from 1970 until 2020, reaching an all time high of 97122 MYR Million in October of 2018 and a record low of 328.10 MYR Million in February of 1970. This page provides the latest reported value for - Malaysia Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Malaysia Exports - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Department of Statistics, Malaysia
Exports in Malaysia is expected to be 65500.00 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 69250.00 in 12 months time. In the long-term, the Malaysia Exports is projected to trend around 71000.00 MYR Million in 2021 and 75000.00 MYR Million in 2022, according to our econometric models.