Imports to Malaysia dropped by 5.6 percent year-on-year to MYR 62 billion in June 2020, better than an expected 10 percent fall, and after a 30.4 percent slump in the previous month. It was the fourth straight month of declines in imports, as the coronavirus health crisis ravaged business activity and demand. Arrivals of intermediate goods fell 10.8 percent. Meanwhile, imports rose for capital and consumption goods 2.8 percent and 9 percent respectively. By country, arrivals from Singapore were down 11.2 percent, while those from the US and China rose 9.9 percent and 3.4 percent respectively. Imports also decreased from the ASEAN countries (-13.8 percent).
Imports in Malaysia averaged 22161.50 MYR Million from 1970 until 2020, reaching an all time high of 80536.08 MYR Million in August of 2018 and a record low of 313.60 MYR Million in August of 1970. This page provides the latest reported value for - Malaysia Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Malaysia Imports - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Department of Statistics, Malaysia
Imports in Malaysia is expected to be 57000.00 MYR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Malaysia to stand at 71830.00 in 12 months time. In the long-term, the Malaysia Imports is projected to trend around 72800.00 MYR Million in 2021 and 76500.00 MYR Million in 2022, according to our econometric models.