Exports from Malaysia eased by 6% year-on-year to MYR 131.9 billion in December 2022, following a downwardly revised 15.1% advance in the previous month and below market estimates of a 9% rise. It was the lowest growth since July 2021, amid weaker sales of manufacturing products (4.6% vs 15% in November) and mining products (31.6% vs 62%). On the other hand, shipments fell at a softer rate for agricultural products (-0.2% vs -11%). Among top trading partners, the sales increase was led by Singapore (23.1%), the United States (7.9%), and EU countries (20.1%). Sales mainly dropped to China (-12.1%) and Hong Kong (-3.6%). In 2022, the country’s total exports were 25% higher than in the previous year. source: Department of Statistics, Malaysia

Exports YoY in Malaysia averaged 12.92 percent from 1971 until 2022, reaching an all time high of 84.30 percent in February of 1974 and a record low of -30.40 percent in January of 2009. This page includes a chart with historical data for Malaysia Exports YoY. Malaysia Exports YoY - data, historical chart, forecasts and calendar of releases - was last updated on January of 2023.

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Malaysia Exports YoY



Calendar GMT Actual Previous Consensus TEForecast
2022-12-19 04:00 AM Nov 15.6% 14.9% 13.2%
2023-01-18 04:00 AM Dec 6% 15.1% 9%
2023-02-20 04:00 AM Jan 6%

Malaysia Exports YoY
Exports supported by influx of foreign direct investments have been one of the most important factors driving Malaysia’s GDP growth in recent years. Malaysia's main exports are: electrical and electronics products (36 percent), chemicals (7.1 percent), petroleum products (7.0 percent), liquefied natural gas (6 percent), and palm oil (5.1 percent). Malaysia's main export partners are: Singapore (14 percent), China (13 percent), European Union (10 percent), Japan (9.5 percent), the United States (9.4 percent) and Thailand (6 percent).
Actual Previous Highest Lowest Dates Unit Frequency
6.00 15.10 84.30 -30.40 1971 - 2022 percent Monthly

News Stream
Malaysia Export Grows the Least in 17 Months
Exports from Malaysia eased by 6% year-on-year to MYR 131.9 billion in December 2022, following a downwardly revised 15.1% advance in the previous month and below market estimates of a 9% rise. It was the lowest growth since July 2021, amid weaker sales of manufacturing products (4.6% vs 15% in November) and mining products (31.6% vs 62%). On the other hand, shipments fell at a softer rate for agricultural products (-0.2% vs -11%). Among top trading partners, the sales increase was led by Singapore (23.1%), the United States (7.9%), and EU countries (20.1%). Sales mainly dropped to China (-12.1%) and Hong Kong (-3.6%). In 2022, the country’s total exports were 25% higher than in the previous year.
2023-01-18
Malaysia Export Growth Beats Forecast
Exports from Malaysia advanced by 15.6% from a year earlier to MYR 130.2 billion in November 2022, after a donwardly revised 14.9% rise a month earlier and above market consensus of a 13.2% growth. This was the 27th straight month of rise in shipments, amid continued global demand. Manufacturing exports climbed by 15.0% yoy, boosted by robust demand for electrical and electronic products and petroleum; while shipments of mining jumped 62.6%, driven by LNG and crude petroleum. BY contrast, sales of agriculture fell 11.1%, due to lower exports of palm oil and natural rubber. Higher sales were recorded to Singapore (36.3%), China (9.2%), the US (11.8%), the EU (16.3%), Japan (31.6%), Hong Kong (26.0%), and the ASEAN countries (16.9%). During January to November, shipments expanded by 27.2% from the same period in 2021.
2022-12-19
Malaysia Export Growth Slows to 15-Month Low
Exports from Malaysia grew by 15.0% from a year earlier to MYR 131.6 billion in October 2022, slowing from a 30.1% jump a month earlier and missing market consensus of a 24.1% growth. While marking the 26th straight month of rise in shipments, the latest result pointed to the softest expansion since July 2021, amid softening foreign demand as cost pressures persisted and some countries faced another wave of COVID infections and curbs. Sector-wise, manufacturing exports grew by 12.6% yoy, lifted by robust demand for electrical and electronic products and petroleum; while shipments of mining surged 85.9%, boosted by LNG and crude petroleum. On the flip side, sales of agriculture shrank 7.0%, due to lower exports of palm oil and natural rubber. Higher sales were recorded to Singapore (26.4%), China (4.3%), the US (8.8%), the EU (7.0%), Japan (25.7%), Hong Kong (18.5%), and the ASEAN countries (25.3%). During January to October, shipments expanded by 28.5% from the same period in 2021.
2022-11-17


United Nations Comtrade Database
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