skyline at night in Malaysia

Malaysia Trade January 2018

Malaysia: Trade surplus widens notably in January

Exports jumped 33.0% in annual terms in January, coming in above the already solid 14.4% increase recorded in December, and totaling USD 20.9 billion. The exceptional expansion reflected robust overseas shipments for electrical and electronics products—which account for more than a third of Malaysia’s total exports—liquefied natural gas, and palm oil and palm oil-based products. Some of the vigor, however, also indicated a stronger currency compared with the U.S. dollar. In ringgit terms, exports rose 17.9% from the same month of the previous year in January, a markedly higher figure than the 4.7% expansion recorded in December.

Likewise, year-on-year import growth shot up from 17.9% in December to 25.9% in January, totaling USD 18.5 billion. Imports were particularly strong for consumer goods, which more than offset declines in intermediate and capital goods. In ringgit-denominated terms, imports rose 11.6% in January, up from the 7.9% increase recorded in December.

The trade surplus was USD 2.5 billion in January, well above both the USD 1.8 billion surplus recorded in the previous month and the USD 1.1 billion surplus recorded in the same month of the year prior. The 12-month moving sum of the trade surplus rose from USD 22.7 billion in December to USD 24.1 billion in January, the highest figure since April 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