Malaysia Trade

Malaysia

Malaysia: Exports plummet in April

June 5, 2015

Exports fell 20.2% in annual terms in April, following the 9.0% contraction tallied in March and marking the sixth consecutive month of decline. The result undershot market expectations of a milder contraction. Meanwhile, imports declined 18.6% in April, which was a significantly more pronounced fall compared to the 5.9% decline recorded in the previous month. The Department of Statistics noted that liquefied natural gas products saw the biggest yearly decline in exports, followed by electrical and electronic products and petroleum and palm oil products.

The trade balance fell from a USD 2.1 billion surplus in March to a USD 1.9 billion surplus in April (April 2014: USD 2.7 billion). The 12-month moving sum of the trade balance ticked down from a USD 23.2 billion surplus in March to a USD 22.4 billion surplus in April.

FocusEconomics Consensus Forecast panelists expect exports to fall 1.4% in USD terms in 2015. Imports are expected to decline 1.8% in 2015, thus 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 April 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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