Malaysia Trade Balance


Malaysia: Exports surge in April reaching over two-year high

June 6, 2014

Exports recorded a substantial 11.1% annual expansion in April (March: +3.1% year-on-year). The increase came in above market expectations and marked the highest growth rate since February 2012. According to the Department of Statistics, the print reflects higher shipments of petroleum products, liquefied natural gas, and electronics and electric products. Meanwhile, imports contracted 1.6% in April, which was up from the 4.3% decline registered in March.

The trade surplus narrowed from USD 3.0 billion in March to USD 2.7 billion in April (April 2013: USD 0.3 billion). The 12-month moving sum of the trade balance increased from a USD 25.0 billion surplus in March to a USD 27.4 billion surplus in April.

FocusEconomics Consensus Forecast panelists expect exports to rise 4.0% in USD terms in 2014. Imports are expected to grow 0.7% in 2014, pushing the trade surplus to USD 29.9 billion. For 2015, the panel expects exports to grow 6.2%. With imports expected to rise 6.0% in 2015, panelists see the trade surplus widening to USD 32.1 billion.

Author:, Economist

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Malaysia Trade Balance Chart

Malaysia Trade12m April 2014

Note: 12-month trade balance in USD billion and annual variation of the 12-month sum of exports and imports.
Source: Department of Statistics Malaysia (DSM) and FocusEconomics calculations.

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