skyline at night in Malaysia

Malaysia Trade Balance December 2021

Malaysia: Merchandise exports grow at a slower pace in December

Merchandise exports rose 23.9% year-on-year in USD terms in December, cooling from November’s 31.2% upturn. Similarly, exports in ringgit terms increased 29.2% (November: +32.4% yoy). December’s slowdown was largely attributed to lower shipments of palm oil and petroleum products. Meanwhile, export growth of electrical and electronic products rose at a quicker pace in December.

Meanwhile, merchandise imports climbed 18.5% year-on-year in USD terms in December (November: +36.7% yoy), while in ringgit terms imports grew 23.6% (November: +37.9% yoy). As a result, the merchandise trade balance improved from the previous month, recording a USD 7.3 billion surplus in December (November 2021: USD 4.6 billion surplus; December 2020: USD 5.1 surplus). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 60.9 billion surplus in December, compared to the USD 58.7 billion surplus in November.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest