Malaysia Balance of Trade

Last Release

Oct 31, 2024

Actual

11,978

Units In

MYR Million

12,767

Frequency

Monthly

Next Release

Dec 18, 2024

Time to Release

27 Days 4 Hours

Highest	Lowest	Average	Date Range	Source
31,700 Sep 2022	-3,633.59 Apr 2020	4,790.67 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 decreased slightly to MYR 12.0 billion in October 2024 from MYR 13.0 billion in the same month the previous year, yet it exceeded market estimates for a gain of MYR 9.6 billion. Exports grew by 1.6% year-on-year to MYR 128.1 billion, an upswing from an upwardly revised 0.6% fall in September, mainly driven by manufacturing (1.9%) and agriculture (8.9%), while mining and quarrying saw a significant decline (-12.1%). Meantime, imports increased by 2.6% to MYR 116.1 billion, the softest growth since November 2023, primarily due to rises in intermediate goods (12.3%) and consumption goods (3.0%), while demand for capital goods contracted (-2.7%). For the first ten months of the year, the trade surplus plunged by 46.3% from the same period of 2023 to MYR 102.8 billion, as exports (4.8%) expanded much softer than imports (14.6%).