Imports to Malaysia unexpectedly increased by 4.4 percent year-on-year to MYR 74.3 billion in April 2019, after a 0.1 percent fall in March and missing market expectations of a 0.2 percent drop. This was the first increase in imports since January, as all categories imports rose. Purchases of intermediate goods surged (20.3 percent, due to rises in industrial supplies, processed (25.4 pct), fuel & lubricants, primary (60.5 pct), and part and accessories of capital goods except transport equipment (11.4 pct). Also, inbound shipments of consumption goods jumped 18.9 percent, led by non-durable (30.2 pct). Meantime, imports of capital goods grew 5.7 percent, attributed to capital goods except transport equipment (12.5 pct). By country, purchases went up from China (8.8 percent), mainly due to motor cars and other motor vehicles, aluminum, refined petroleum products and electrical & electronic/E&E products; while declined from Singapore (-15.7 percent). Imports in Malaysia averaged 20951.23 MYR Million from 1970 until 2019, reaching an all time high of 80197.13 MYR Million in August of 2018 and a record low of 313.60 MYR Million in August of 1970.
Imports in Malaysia is expected to be 72400.00 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 71500.00 in 12 months time. In the long-term, the Malaysia Imports is projected to trend around 76800.00 MYR Million in 2020, according to our econometric models.