Latest reading: Merchandise exports rose 7.2% annually in July, beating market expectations and following June’s 5.9% rise. Firms accelerating shipments...
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 rise at a milder pace in June
Latest reading: Merchandise exports climbed 7.2% on an annual basis in June, on the heels of May’s 9.3% increase. The figure marked the weakest growth since January, likely due to the fading boost of export frontloading ahead of higher expected U.S. tariffs. Meanwhile, merchandise imports rose 12.4% in annual terms in June (May: +17.8% yoy). As a result, the merchandise trade balance improved from the previous month, recording a USD 2.0 billion surplus in June (May 2025: USD 0.2 billion surplus; June 2024: USD 3.0 billion surplus). Lastly, the trend deteriorated, with the 12-month trailing merchandise trade balance recording a USD 29.0 billion surplus in June, compared to the USD 30.0 billion surplus in May.
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 6 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
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China: Merchandise exports accelerate in July -
Taiwan: Merchandise exports gain steam in July Latest reading: Merchandise exports soared 42.0% annually in July, following June’s 33.7% upturn and well above market expectations. The outturn... -
Vietnam: Merchandise exports grow at a slower rate in July Latest reading: Merchandise exports growth rose 16.6% year on year in July, following June’s 17.4% increase, as front-loading activities continued... -
Korea: Merchandise exports accelerate in July Latest reading: Merchandise exports rose 5.9% on an annual basis in July, following June’s 4.3% increase. July’s figure marked the... -
Thailand: Merchandise exports increase at a softer rate in June Latest reading: Merchandise exports grew 16.0% over the same month last year in June (May: +18.5% year-on-year). Meanwhile, merchandise imports... -
Philippines: Merchandise exports growth hits over one-year high in June Latest reading: Merchandise exports jumped 26.1% in annual terms in June, following May’s 15.5% upturn. June’s figure marked the fastest... -
Mexico: Merchandise exports increase in June Latest reading: Merchandise exports shot up 10.6% over the same month last year in June (May: -0.5% year-on-year). June’s figure...