Imports to Malaysia declined by 3.6 percent year-on-year to MYR 74.3 billion in November 2019, compared with market consensus of a 5 percent fall and after a 8.7 percent drop in October. Purchases of capital goods shrank 4.3%, due to declines in both transport equipment, industrial and capital goods except transport equipment. In contrast, imports of consumption goods went up 1.9%, mainly attributed to food & beverages, primary, mainly for household consumption and non-durable. Also, arrivals of intermediate goods grew 1.8%, led by parts & accessories of capital goods except transport equipment and industrial supplies, primary. By country, purchases from Singapore fell 9.1%, mainly due to refined petroleum products (-21.2%). Conversely, imports from China rose 11.5 percent, driven by refined petroleum products and electrical & electronic products (-5.5%). Arrivals from the US also went up 16.1 percent.

Imports in Malaysia averaged 21722.69 MYR Million from 1970 until 2019, 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. source: Department of Statistics, Malaysia

Imports in Malaysia is expected to be 70500.00 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 75800.00 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.

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Malaysia Imports

Actual Previous Highest Lowest Dates Unit Frequency
74300.00 73268.12 80536.08 313.60 1970 - 2019 MYR Million Monthly

Calendar GMT Actual Previous Consensus TEForecast
2019-10-04 04:00 AM Aug -12.5% -5.9% -8%
2019-11-04 04:00 AM Sep 2.4% -12.5% 1.1%
2019-12-04 04:00 AM Oct -8.7% 2.4% -6.7%
2020-01-03 04:00 AM Nov -3.6% -8.7% -5%


News Stream
2019-12-04
Malaysia Imports Fall More than Forecast
Imports to Malaysia slumped 8.7 percent from a year earlier to MYR 73.3 billion in October 2019, compared to forecasts of a 6.7 percent drop and September's 2.4 percent rise. Imports of intermediate goods declined 5.1 percent, mainly attributed to parts & accessories of capital goods and fuel & lubricants, primary. However, imports of industries supplies, processed and industries supplies, primary increased. Also, imports of consumption goods went down 5.0 percent, led by non-durables, semi-durables and durables. However, food & beverages, primary, mainly for household consumption jumped. Capital goods arrivals decreased 11.5 percent, due to both capital goods, except transport equipment, and transport equipment industrial. By country, purchases from China fell 6.2 percent, on the back of electrical & electronic products (-9.3 percent); and those from Singapore plunged 10.9 percent, led by refined petroleum products (-29.0 percent). Conversely, imports from the US advanced 7.5 percent.

2019-11-04
Malaysia Imports Rise More than Estimated
Malaysia's imports rose by 2.4 percent year-on-year to MYR 69.4 billion in September 2019, beating market expectations of a 1.1 percent growth and shifting from a 12.5 percent slump in August. Purchase of intermediate goods grew 11.1%, mainly attributed to fuel & lubricants, primary (86.4%), parts & accessories of capital goods except transport equipment (7.9%), fuels & lubricants, processed, others (65.2%), and industrial supplies (36.3%). Also, imports of consumption goods went up 15.1%, mainly attributed to semi-durable (27.4%) and durable (32.9%), non-durable (12%) and food &beverages, processed (8.3%). In addition, arrivals of capital goods increased 7.3%, led by both capital goods capital goods except transport equipment (6.1%) and transport equipment, industrial (46.2%). By country, purchases from China surged 9.7%, mainly due to refined petroleum (152.4%) and E & E products (4.6%). In contrast, imports fell from the ASEAN countries (-7.4%), and the US (-0.04%).

2019-10-04
Malaysia Imports Fall More than Estimated
Malaysia's imports tumbled 12.5% year-on-year in to MYR 70.4 billion in August 2019, compared to market expectations of a 8% drop and after a 5.9% fall in the previous month. Imports of intermediate goods slumped 13.9%, mainly attributed to industrial supplies (-10.7%), parts & accessories of capital goods except transport equipment (-12%), fuel & lubricants (-38%) and fuel & lubricants (-97.4%). Imports of capital goods tumbled 31%, due to a decline in both capital goods except transport equipment (-23.3%) and transport equipment, industrial (-70.6%). Also, purchases of consumption goods shrank 12.8%, mainly attributed to semi-durables (-30.7%) and durables (-38.4%). By country, purchases from China contracted 11.5%, mainly due to electrical & electronic/E&E products. Also, imports from Singapore shrank 18.1%, dragged down by refined petroleum products E & E products. In additions, arrivals from the ASEAN countries slumped 16.9% and those from the EU countries tumbled 20.3%.

2019-09-04
Malaysia Imports Fall Less than Estimated
Imports to Malaysia declined by 5.9 percent year-on-year to MYR 73.7 billion in July 2019, better than market expectations of a 7 percent drop and compared to a 9.2 percent fall in the previous month. This marked the second straight month yearly drop in inbound shipments, as purchases shrank for all categories. Imports of capital goods tumbled 13.9 percent, due to decline in both capital goods except transport equipment (-6.3%) and transport equipment, industrial (-58.8%). Also, purchases of intermediate goods decreased by 3.4 percent, mainly attributed to industrial supplies, processed (-8.9%) and parts and accessories of capital goods (-19.6%). In addition, imports of consumption goods contracted 5.0 percent, driven by semi-durables (-18.9%) and durables (-17.9%). Arrivals fell from China (-2.8%) and Singapore (-20.2%).

2019-08-02
Malaysia Imports Fall for First Time in 3 Months
Imports to Malaysia declined unexpectedly by 9.2 percent year-on-year to MYR 65.9 billion in June 2019, missing market expectations of a 1.1 percent growth and shifting from a 1.4 percent gain in the previous month. This marked the first yearly drop in inbound shipments since March, as purchases shrank for all categories. Imports of capital goods tumbled 23.6 percent, dragged down by both capital goods except transport equipment (-20.2%) and transport equipment, industrial (-44.6%). Also, purchases of intermediate goods decreased by 2.4 percent, mainly attributed to industrial supplies, processed (-11.3%). In addition, imports of consumption goods contracted 5.4 percent, driven by semi-durables (-19.6%) and durables (-13.8%). Arrivals fell from China (-12.6%) and Singapore (-14.3%). For the first half 2019, purchases dropped 1.8 percent from the same period the prior year.

2019-07-04
Malaysia Imports Rise 1.4% YoY in May
Imports to Malaysia increased by 1.4 percent year-on-year to MYR 75.1 billion in May 2019, easing from a 4.4 percent growth in April, missing market expectations of a 2.6 percent rise. Purchases of intermediate goods rose 6.4 percent, led by industrial supplies (16.1 percent), parts & accessories of transport equipment (28.8 percent), and fuel & lubricants, others (38.8 percent). Also, inbound shipments of consumption goods expanded 10.9 percent, driven by food & beverages, processed, mainly for household consumption (19.2 percent), non-durable (13.2 percent), and durable (12.3 percent). On the other hand, purchases of capital goods shrank 5.9 percent, mostly due to transport equipment (-60.1 percent). Imports rose from both the ASEAN countries (4.4 percent) and the EU (6.2 percent). In contrast, purchases fell from China (-2.1 percent) and Singapore (-5.8 percent).


Malaysia Imports
Malaysia's main imports are: electrical and electronic products (29.4 percent), chemicals (9.5 percent), petroleum products (9.3 percent) and machinery, appliances and parts (8.7 percent). Main import partners are: China (19 percent), Singapore (12 percent), European Union (10 percent), the United States (8.1 percent), Japan (7.8 percent) and Thailand (6.1 percent). .

Malaysia Trade Last Previous Highest Lowest Unit
Balance of Trade 6535.41 17325.83 17325.83 -2880.61 MYR Million [+]
Current Account 11452.00 14257.00 39982.00 978.00 MYR Million [+]
Current Account to GDP 2.30 3.00 17.10 -13.20 percent [+]
Imports 74300.00 73268.12 80536.08 313.60 MYR Million [+]
Exports 80800.00 90594.00 97122.00 328.10 MYR Million [+]
External Debt 916441.00 931083.27 933396.80 9063.00 MYR Million [+]
Terms of Trade 98.60 99.20 117.20 92.50 points [+]
Tourism Revenues 84135.20 82165.00 84135.20 8580.50 MYR Million [+]
Tourist Arrivals 1997093.00 2342438.00 2806565.00 459374.00 [+]
Gold Reserves 38.88 38.88 38.90 35.46 Tonnes [+]
Crude Oil Production 570.00 545.00 791.00 489.00 BBL/D/1K [+]
Terrorism Index 2.50 2.70 3.58 0.00 [+]
Capital Flows -1342.00 -18560.00 51436.00 -71537.00 MYR Million [+]
Foreign Direct Investment 2906.00 4395.37 21725.64 -1982.56 MYR Million [+]


United Nations Comtrade Database
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