Malaysia Trade July 2017


Malaysia: Export growth leaps up in July

September 6, 2017

In USD terms, exports grew 20.4% annually in July, significantly above June’s revised 5.5% increase (previously reported: +5.6% year-on-year). Rising export volumes of electronics and refined petroleum products contributed the most to the increase. Imports rebounded 12.0% year-on-year in July, contrasting June’s 0.4% decrease.

The trade balance came in at a USD 1.9 billion surplus in July, above the USD 0.5 billion surplus recorded in the same month last year. The 12-month moving sum of the trade surplus increased to USD 22.1 billion in July, above June’s USD 20.8 billion.

FocusEconomics Consensus Forecast panelists expect exports to grow 6.5% in USD terms in 2017 and 5.8% in 2018.

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Malaysia Trade Chart

Malaysia Trade12m July 2017

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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