Malaysia Trade


Malaysia: Exports continue to fall in May

July 3, 2015

Exports fell 15.6% in annual terms in May, following the 20.2% contraction tallied in April. The result overshot market expectations of a starker contraction. Meanwhile, imports declined 16.0% in May, which was a milder fall compared to the 18.5% decline recorded in the previous month. The Department of Statistics noted that liquefied natural gas products saw the biggest yearly decline in exports, followed by refined petroleum products and crude petroleum products.

The trade balance inched down from a USD 1.9 billion surplus in April to a USD 1.5 billion surplus in May (May 2014: USD 1.8 billion). The 12-month moving sum of the trade balance ticked down from a USD 22.4 billion surplus in April to a USD 22.2 billion surplus in May.

FocusEconomics Consensus Forecast panelists expect exports to fall 4.3% in USD terms in 2015. Imports are expected to decline 4.3% in 2015, thus pushing the trade surplus to USD 24.4 billion. For 2016, the panel expects exports to grow 7.2%. With imports expected to rise 7.8% in 2016, panelists see the trade surplus widening to USD 25.0 billion.

Author:, Economist

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Malaysia Trade Chart

Malaysia Trade12m May 2015

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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