skyline at night in Malaysia

Malaysia Trade November 2017

Malaysia: Exports grow at a solid pace in November, buttressed by exports of electronic equipment

Exports grew 18.9% year-on-year in November, surpassing October’s already solid 18.1% increase. The robust growth was mainly supported by accelerating, double-digit growth of electrical and electronic equipment exports, which represented 38.0% of total exports. Exports of liquefied natural gas also recorded a sizeable rise, while other main export categories, such as palm-oil products and refined petroleum products, logged smaller increases from the previous year.

The robust print fed into the 12-month trailing sum of exports, annual growth of which increased to a six-year high of 14.2% in November from 13.4% in October. This brought the total sum of exports in the last 12 months to USD 215.3 billion, up 3.2 billion from October’s USD 212.1 billion.

Import growth decelerated slightly in November to 19.7% year-on-year, from 20.3% in October. The figure was driven by strong, but softening, growth in imports of intermediate goods (which make up 54.9% of total imports), followed by growth in imports of capital and consumption goods. The sum of imports in the 12 months up to November totaled USD 192.4 billion, a 2.9 billion increase over October’s USD 189.5 billion print, bringing the 12-month trailing growth rate to a six-year high of 14.9% (October: +14.3% year-on-year).

The trade surplus came in at USD 2.4 billion in November, up from the USD 2.1 billion surplus recorded in the same month of the prior year but just below the USD 2.5 billion surplus registered in October. In the 12 months up to November, the trade surplus totaled USD 22.9 billion, up from USD 22.6 billion in October and the strongest result since May 2016.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest