Malaysia Trade

Malaysia

Malaysia: Exports growth moderates in June

August 6, 2014

Exports recorded a 4.4% annual expansion in June (May: +8.3% year-on-year). The increase came in below market expectations and marked the lowest growth rate in three months. According to the Department of Statistics, the print reflects higher shipments of manufactured goods, including electronics and electric products. Exports of liquefied natural gas and petroleum products also were up. Shipments of agricultural products such as palm oil grew, although to a lesser extent. Meanwhile, imports increased 5.7% in June, which followed the 4.1% growth registered in May.

The trade surplus narrowed from USD 1.8 billion in May to USD 1.2 billion in June (June 2013: USD 1.4 billion). The 12-month moving sum of the trade balance decreased slightly from a USD 28.1 billion surplus in May to USD 28.0 billion.

FocusEconomics Consensus Forecast panelists expect exports to rise 4.6% in USD terms in 2014. Imports are expected to grow 0.8% in 2014, pushing the trade surplus to USD 31.3 billion. For 2015, the panel expects exports to grow 6.7%. With imports expected to rise 6.7% in 2015, panelists see the trade surplus widening to USD 33.4 billion.


Author:, Economist

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Malaysia Trade Chart


Malaysia Trade12m June 2014

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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