Malaysia Balance of Trade

Last Release

Sep 30, 2024

Actual

13,189

Units In

MYR Million

5,514

Frequency

Monthly

Next Release

Nov 19, 2024

Time to Release

30 Days 3 Hours

Highest	Lowest	Average	Date Range	Source
31,700 Sep 2022	-3,633.59 Apr 2020	4,780.37 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 narrowed to MYR 13.2 billion in September 2024 from MYR 24.4 billion in the corresponding month of the previous year, albeit higher than market estimates of MYR 9.5 billion. Year-on-year, exports fell 0.3% to a five-month low of MYR 124.1 billion, dragged down primarily by lower sales of manufacturing (-0.5%), mining and quarrying (-7.8%), and others (-2.9%). However, sales increased for agriculture (10.9%). Meanwhile, imports climbed 10.9% from a year earlier to MYR 110.8 billion, primarily attributed to higher purchases of goods n.e.s (79.3%), intermediate goods (18.1%), and consumption goods (0.2%). For the first nine months of the year, the trade surplus slumped by 48.8% from the same period of 2023 to MYR 91.2 billion, with exports rising 5.2% while imports surged by 16.1%.