Malaysia Trade


Malaysia: Exports contract in March

May 7, 2015

Exports declined 9.0% in annual terms in March, which was up from the 16.7% contraction tallied in February. The result undershot market expectations of a milder contraction. Meanwhile, imports declined 5.9% in March, which was a less pronounced drop than the 7.4% decline recorded in the previous month. The Department of Statistics noted that crude petroleum products saw the biggest yearly decline, followed by refined petroleum and palm oil products.

The trade balance rose sharply from a USD 1.3 billion surplus in February to a USD 2.1 billion surplus in March (March 2014: USD 2.9 billion). The 12-month moving sum of the trade balance ticked down from a USD 24.0 billion surplus in February to a USD 23.2 billion surplus in March.

FocusEconomics Consensus Forecast panelists expect exports to rise 1.4% in USD terms in 2015. Imports are expected to decline 1.8% in 2015, pushing the trade surplus to USD 25.8 billion. For 2016, the panel expects exports to grow 6.8%. With imports expected to rise 6.9% in 2016, panelists see the trade surplus widening to USD 27.2 billion.

Author:, Economist

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Malaysia Trade Chart

Malaysia Trade12m March 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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