Malaysia Trade February 2016


Malaysia: Exports contract again in February

April 6, 2016

Exports in USD terms fell 7.5% annually in February, following the 21.3% contraction tallied in January. The contraction was less severe than analysts had expected. The result marks 16 consecutive months of contraction, as global demand for key Malaysian exports dwindles. Meanwhile, imports declined 12.0% in February, which was also a less severe contraction than the 16.4% fall recorded in the previous month.

The trade balance widened from a USD 1.2 billion surplus in January to a USD 1.8 billion surplus in February. The 12-month moving sum of the trade balance increased from USD 22.7 billion to USD 23.2 billion in February.

FocusEconomics Consensus Forecast panelists expect exports to fall 2.6% in USD terms in 2016. Imports are expected to decline 2.6% in 2016, thus pushing the trade surplus to USD 24.6 billion. For 2017, the panel expects exports to grow 6.4%. With imports expected to rise 5.8% in 2017, panelists see the trade surplus rising to USD 26.9 billion.

Author:, Economist

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Malaysia Trade Chart

Malaysia Trade12m February 2016

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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