Latest reading: Merchandise exports rose 7.5% annually in July, on the heels of June’s 10.8% upturn and underpinned by higher...
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 exports gain steam in July
Latest reading: Merchandise exports shot up 18.0% year-on-year in July (June: +7.1% year-on-year). Meanwhile, merchandise imports growth decelerated to 11.1% over the same month last year in July (June: +12.4% yoy). As a result, the merchandise trade balance improved from the previous month, recording a USD 3.5 billion surplus in July (June 2025: USD 2.0 billion surplus; July 2024: USD 1.5 billion surplus). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 31.0 billion surplus in July, compared to the USD 28.9 billion surplus in June.
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.
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