Exports from Malaysia dropped 5.5 percent from a year earlier to MYR 80.8 billion in November 2019, compared to market consensus of a 4.4 percent fall and a 6.7 percent drop in October. Sales decreased for crude petroleum (-23.4 percent), refined petroleum products (-19.0 percent), electrical & electronic products (-11.6 percent), liquefied natural gas (-35.9 percent), palm oil & palm oil-based products (-2.6 percent), and natural rubber (-10.6 percent), while increased for timber & timber-based products (2.7 percent). Among major trading partners, exports to Singapore tumbled 12.5 percent, led by electrical & electronic products; while those to China rose 4.1 percent, mainly driven by iron and steel bars, rods, angles, shapes, and sections. Also, sales to the US went up 6.5 percent. Exports in Malaysia averaged 25097.07 MYR Million from 1970 until 2019, 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. source: Department of Statistics, Malaysia
Exports in Malaysia is expected to be 84500.00 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 85500.00 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.