Malaysia Trade


Malaysia: Exports contraction intensifies in August

October 7, 2015

Exports fell 19.5% in annual terms in August, following the 13.5% contraction tallied in July. The result undershot market expectations of a starker contraction. Meanwhile, imports declined 27.4% in August, which was a deterioration compared to the 11.5% decline recorded in the previous month. The Department of Statistics noted that exports in crude petroleum products, as well as liquefied natural gas, declined over the previous month.

The trade balance increased from a USD 0.6 billion surplus in July to a USD 2.5 billion surplus in August, the highest figure in seven months (January 2015: USD 2.5 billion). The 12-month moving sum of the trade balance climbed from a USD 22.3 billion surplus in July to a USD 23.6 billion surplus in August.

FocusEconomics Consensus Forecast panelists expect exports to fall 6.3% in USD terms in 2015. Imports are expected to decline 7.0% in 2015, thus pushing the trade surplus to USD 25.1 billion. For 2016, the panel expects exports to grow 2.3%. With imports expected to rise 2.7% in 2016, panelists see the trade surplus falling to USD 24.9 billion.

Author:, Economist

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Malaysia Trade Chart

Malaysia Trade12m August 2015 0

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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