Imports to Malaysia jumped 38.0% yoy to a fresh peak of MYR 93.3 billion in November 2021, beating market consensus of 31.0% and after a 27.9% growth in October. This was the 10th straight month of double-digit growth in inbound shipments and the strongest pace since May, as domestic consumption accelerated following a surge in COVID-19 vaccinations. Arrivals of intermediate goods soared 47.4%, boosted by parts and accessories of capital goods; industrial supplies, n.e.s. primary; and fuel & lubricants, primary. Also, purchases of capital goods grew 32.1% percent, lifted by capital goods (except transport equipment); and those of consumption goods rose 22.8%, due to food & beverages, process, mainly for household consumption, and non-durables. By country, imports went up from China (31.2%), Singapore (50.2%), the EU (60.8%), the US (18.1%), and the ASEAN countries (54.8%). During the first 11 months of the year, purchases rose 23.3% from the same period of 2020 to MYR 894.42 billion. source: Department of Statistics, Malaysia

Imports YoY in Malaysia averaged 12.72 percent from 1971 until 2021, reaching an all time high of 108.20 percent in April of 1974 and a record low of -30.40 percent in January of 2009. This page includes a chart with historical data for Malaysia Imports YoY. Malaysia Imports YoY - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.

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Malaysia Imports YoY


Malaysia Imports YoY
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).
Actual Previous Highest Lowest Dates Unit Frequency
38.00 27.90 108.20 -30.40 1971 - 2021 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2021-11-29 04:00 AM Oct 27.9% 26.5% 26.8%
2021-12-28 04:00 AM Nov 38% 27.9% 31%
2022-01-28 04:00 AM Dec 38% 27.3%


News Stream
Malaysia Import Growth Tops Forecasts
Imports to Malaysia jumped 38.0% yoy to a fresh peak of MYR 93.3 billion in November 2021, beating market consensus of 31.0% and after a 27.9% growth in October. This was the 10th straight month of double-digit growth in inbound shipments and the strongest pace since May, as domestic consumption accelerated following a surge in COVID-19 vaccinations. Arrivals of intermediate goods soared 47.4%, boosted by parts and accessories of capital goods; industrial supplies, n.e.s. primary; and fuel & lubricants, primary. Also, purchases of capital goods grew 32.1% percent, lifted by capital goods (except transport equipment); and those of consumption goods rose 22.8%, due to food & beverages, process, mainly for household consumption, and non-durables. By country, imports went up from China (31.2%), Singapore (50.2%), the EU (60.8%), the US (18.1%), and the ASEAN countries (54.8%). During the first 11 months of the year, purchases rose 23.3% from the same period of 2020 to MYR 894.42 billion.
2021-12-28
Malaysia Imports Touch Fresh Top
Imports to Malaysia jumped 27.9 percent year-on-year to a new peak of MYR 88.18 billion in October 2021, compared with market expectations of 26.8 percent and after a 26.5 percent growth in the prior month, as domestic consumption accelerated following a surge in the COVID-19 vaccination rate. Arrivals of intermediate goods climbed 35.1 percent, boosted by parts and accessories of capital goods (except transport equipment); industrial supplies, n.e.s. primary; and fuel & lubricants, processed. Also, purchases of capital goods grew 15.1 percent, lifted by capital goods (except transport equipment); and those of consumption goods rose 10.8 percent, mainly attributed to semi-durables, and food & beverages, process, mainly for household consumption. By country, imports expanded from China (29.9%), Singapore (58.1%), the EU (32.7%), the US (23.7%), and Taiwan (40.7%). During the first 10 months of the year, arrivals rose 21.8 percent from the same period of 2020 to MYR 801.17 billion.
2021-11-29
Malaysia Import Growth Hits 5-Month High
Imports to Malaysia climbed 26.5 percent year-on-year to a five-month high of MYR 84.70 billion in September 2021, exceeding market estimates of 15.4 percent and after a 12.5 percent rise a month earlier, with domestic demand strengthening further as local COVID-19 situations were under control. Purchases of intermediate goods accelerated (20.7 percent vs 13.4 percent in August), boosted by parts and accessories of capital goods, and industrial supplies and fuel & lubricants. Also, arrivals of capital goods continued to expand solidly (20.3 percent vs 22.9 percent), mainly led by capital goods except for transport equipment. In addition, arrivals of consumption goods gained 3.7 percent, rebounding from a 0.6 percent drop in August, lifted by food & beverages, primary, largely for household consumption. Among major trading partners, imports increased from China (30.3 percent), Singapore (32.9 percent), the EU (39.4 percent), the US (19 percent), and Indonesia (50.5 percent).
2021-10-28


United Nations Comtrade Database
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