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.