Exports from Malaysia dropped 4.7% from a year earlier to MYR 80.1 billion in March 2020, compared to market consensus of a 6% fall and a 11.8% rise in February. Exports fell for timber & timber-based products (-15.6%); liquefied natural gas (-13.4%); electrical and electronics (E&E) products (-13.9%); natural rubber (-9.7%); crude petroleum (-4.2%), and palm oil-based products (-0.9%). By contrast, sales jumped for refined petroleum products (44.3%). Among major trading partners, exports to China shrank 6.1%, led by palm E&E roducts (-27.4%); while those to Singapore rose 8.6%, mainly driven by refined petroleum products. Also, sales to the US fell 3.6%.
Exports in Malaysia averaged 25389.97 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 May of 2020. source: Department of Statistics, Malaysia
Exports in Malaysia is expected to be 78500.00 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 87000.00 in 12 months time. In the long-term, the Malaysia Exports is projected to trend around 89000.00 MYR Million in 2021, according to our econometric models.