Imports to Malaysia grew 24.0 percent year-on-year to MYR 83.6 billion in July 2021, easily beating market consensus of 19.4 percent gain, but slowing from a 32.1 percent surge in the previous month, amid restrictions to combat the spread of the coronavirus. Arrivals rose for consumption goods (7.7 percent), intermediate goods (55.8 percent), and capital goods (10.1 percent). By country, arrivals from China and the US rose 40.9 percent and 6.9 percent, respectively. Imports also advanced from the ASEAN countries (14.7 percent). By contrast, imports fell from Singapore (2.3 percent). source: Department of Statistics, Malaysia
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 September of 2021.
Imports in Malaysia is expected to be 70800.00 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 72800.00 in 12 months time. In the long-term, the Malaysia Imports is projected to trend around 75500.00 MYR Million in 2022, according to our econometric models.