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.