Malaysia Balance of Trade

Last Release

Jul 31, 2024

Actual

6,400

Units In

MYR Million

14,300

Frequency

Monthly

Next Release

Oct 18, 2024

Time to Release

28 Days 11 Hours

Highest	Lowest	Average	Date Range	Source
31,700 Sep 2022	-3,633.59 Apr 2020	4,766.41 MYR Million	1970-2024	N/A

International trade plays a large role in Malaysian economy. Since 1998, Malaysia have been reporting consistent trade surpluses, mainly due to rise in exports of electrical and electronics products. In 2015, the biggest trade surpluses were recorded with Hong Kong, Singapore, Japan, and United States while the biggest trade deficits with China and Taiwan. .

Latest Updates

Malaysia's trade surplus slumped to MYR 5.7 billion in August 2024 from MYR 17.2 billion in the same month of the previous year, missing market estimates of a gain of MYR 10.4 billion, marking the 52nd consecutive month of surplus but the smallest amount since August 2018, mainly due to a surge in imports. Year-on-year, purchases soared 26.2%, the most in almost two years, to a near-record high of MYR 123.5 billion, above forecasts of 21.2%, supported by rises across all sectors. Meanwhile, shipments grew at a softer 12.1% to MYR 129.2 billion, compared to estimates of an 11.7% gain, due to higher sales of manufacturing and agriculture. For the first eight months of the year, the trade surplus slumped by 49.2% from the same period of 2023 to MYR 78.2 billion, with exports rising 6% while imports surged by 16.8%.