Imports to Malaysia surged 49.3% yoy to a new record high of MYR 124.2 billion in June 2022, easily beating market estimates of 30.4% and quickening from 3a 7.3% growth in May. This was the 17th straight month of double-digit growth of arrivals and the strongest pace since November 1989, amid strengthening domestic demand in the wake of COVID-19 hit. Purchases of intermediate goods climbed 46.9%, boosted by industrial supplies, n.e.s. processed and fuel & lubricants, primary. Also, arrivals of consumption goods gained 25.6%, due to food & beverages, process, mainly for household consumption, and semi-durables. Further, imports of capital goods climbed 30.4%, linked to transport equipment, industrial and capital goods except transport equipment. By country, imports went up from China (28.6%), Singapore (145.0%), Taiwan (58.8%), the US (45.6%), the EU (34.3%), Japan (12.7%), and the ASEAN countries (80.9%). Considering the first six months of the year, imports grew by 30.9%. source: Department of Statistics, Malaysia
Imports YoY in Malaysia averaged 12.91 percent from 1971 until 2022, 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 August of 2022.