Latest reading: In July, the trade balance was USD +2.1 billion, following a USD +2.5 billion reading in the prior...
Merchandise Imports in Malaysia
Merchandise imports in Malaysia were worth USD 299.6 billion in 2024, compared to USD 208.7 billion ten years earlier, and they averaged USD 223.5 billion over the last decade. For more information on imports, visit our dedicated page.
Malaysia Merchandise Imports Chart
Note: This chart displays Imports (USD billion) for Malaysia from 2014 to 2024.
Source: Macrobond.
Malaysia Merchandise Imports Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Merchandise Imports (USD bn) | 190.5 | 238.2 | 294.0 | 265.5 | 299.4 |
| Merchandise Imports (ann. var. %) | -7.1 | 25.0 | 23.4 | -9.7 | 12.8 |
Merchandise trade surplus widens in August
Latest reading: In August, the trade balance was USD +3.8 billion, following a USD +3.4 billion reading in the prior month. Over the last 12 months, the trade balance summed to USD +33.3 billion. Exports were up 6.4% in year-on-year terms in August, coming on the back of a 17.6% rise in the prior month. Imports were down 1.8% in year-on-year terms in August, coming on the back of a 11.1% rise in the previous month.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Malaysian merchandise imports projections for the next ten years from a panel of 5 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable merchandise imports forecast available for Malaysian merchandise imports.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Malaysian merchandise imports projections.
Want to get access to the full dataset of Malaysian merchandise imports forecasts? Send an email to info@focus-economics.com.
Latest Global Trade News
-
Peru: Merchandise trade surplus narrows in July -
China: Merchandise exports increase in August Latest reading: Merchandise exports increased 4.4% year-on-year in August (July: +7.2% year-on-year). The figure marked the softest expansion since February... -
Taiwan: Merchandise exports continue to surge in August Latest reading: Merchandise exports soared 34.1% over the same month last year in August, on the heels of July’s 42.0%... -
Vietnam: Merchandise exports increase in August Latest reading: Merchandise exports growth cooled to 14.8% in year-on-year terms in August from July’s 16.7% increase as front-loading activities... -
Korea: Merchandise exports rise at a slower rate in August Latest reading: Merchandise exports increased 1.3% year on year in August (July: +5.8% yoy). This was less than half market... -
Philippines: Merchandise exports grow at a more moderate pace in July Latest reading: Merchandise exports jumped 17.3% in annual terms in July (June: +26.9% year-on-year). Meanwhile, merchandise imports expanded 2.3% on... -
Thailand: Merchandise exports growth slows in July Latest reading: Merchandise exports climbed 9.6% year on year in July, on the heels of June’s 16.0% upturn. The figure...