Malaysia Trade Balance June 2022


Malaysia: Merchandise exports increase in June

July 28, 2022

Merchandise exports soared 30.4% on an annual basis in June, following May’s 22.9% upturn. June’s result marked the largest growth since November 2021. Meanwhile, merchandise imports jumped 40.3% on an annual basis in June (May: +29.3% yoy), marking the strongest reading since May 2021.

As a result, the merchandise trade balance improved from the previous month, recording a USD 5.0 billion surplus in June (May 2022: USD 2.9 billion surplus; June 2021: USD 5.3 billion surplus). Lastly, the trend deteriorated, with the 12-month trailing merchandise trade balance recording a USD 61.7 billion surplus in June, compared to the USD 62.2 billion surplus in May.

FocusEconomics Consensus Forecast panelists project merchandise exports to grow 11.9% and imports to increase 16.4% in 2022, with the trade surplus rising to USD 57.4.0 billion. In 2023, our panelists see exports and imports expanding 1.4% and 2.6% respectively, with the trade surplus totaling USD 55.1 billion.

Author:, Junior Economist

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Malaysia Trade Balance Chart

Malaysia Trade12m June 2022

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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