skyline at night in Malaysia

Malaysia Trade October 2018

Malaysia: Export growth accelerates noticeably in October

Malaysian export growth accelerated markedly from a revised 7.9% in September (previously reported: +8.0% year-on-year) to 19.6% in October over the same month a year ago in USD value terms. While palm oil and palm oil-based products contracted at a slightly steeper pace, exports growth in refined petroleum products picked up noticeably and electrical and electronic products exports grew nearly a quarter over the same month a year earlier. In ringgit terms, exports expanded 17.7% year-on-year.

Growth in imports swung from a revised 1.6% contraction in September (previously reported: -1.5% yoy) to a 13.2% yoy expansion in October. The rebound in imports reflected a pick up in intermediate goods imports and strong growth in consumption goods imports. Capital goods imports, however, contracted again, albeit at a more moderate pace. In ringgit terms, imports expanded 11.4% over the same month a year ago.

Consequently, the trade surplus widened somewhat from USD 3.7 billion in September to USD 3.9 billion in October. The result was markedly above the USD 2.4 billion surplus registered in October 2017 and marked the largest surplus in seven years. The 12-month moving sum of the trade surplus increased from USD 28.1 billion in September to USD 29.7 billion in October.

Malaysia Trade Balance Forecast

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