Malaysia Trade


Malaysia: Exports contraction intensifies in July

August 6, 2015

Exports fell 13.5% in annual terms in July, following the 10.2% contraction tallied in June. The result overshot market expectations of a starker contraction. Meanwhile, imports declined 11.5% in July, which was an improvement compared to the 15.7% decline recorded in the previous month. The Department of Statistics noted that exports in refined and crude petroleum products, as well as liquefied natural gas, declined over the previous month.

The trade balance slid from a USD 2.1 billion surplus in June to a USD 0.6 billion surplus in July, the lowest figure in nine months (July 2014: USD 1.1 billion). The 12-month moving sum of the trade balance inched down from a USD 23.0 billion surplus in June to a USD 22.5 billion surplus in July.

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 July 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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