Exports from Malaysia surged by 31 percent from a year earlier to MYR 104.9 billion in March 2021, the fastest pace in 44 months, following a 17.6 percent rise in the prior month and easily beating market consensus of a 22.9 percent gain, as the country continued to shake off the impact of the COVID-19 pandemic. Exports increased for both manufactured goods (35.8 percent) and agricultural goods (43.8 percent), while fell for and mining sectors (-24.1 percent). The expansion in the manufacturing sector was boosted by higher exports of E&E products (48.0 percent), followed by rubber products (210.6 percent), chemical and chemical products (32.3 percent), manufacture of metal (88.4 percent) and machinery, equipment and parts (49.7 percent). Among major trading partners, exports surged to the US (67.5 percent), China (46.6 percent) and Singapore (31.6 percent). Also, exports to the ASEAN countries rose by 17.4 percent. source: Department of Statistics, Malaysia
Exports in Malaysia averaged 25688.35 MYR Million from 1970 until 2020, reaching an all time high of 97122 MYR Million in October of 2018 and a record low of 328.10 MYR Million in February of 1970. This page provides the latest reported value for - Malaysia Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Malaysia Exports - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Exports in Malaysia is expected to be 75800.00 MYR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Malaysia to stand at 83000.00 in 12 months time. In the long-term, the Malaysia Exports is projected to trend around 85320.00 MYR Million in 2022, according to our econometric models.