Imports in Malaysia
Malaysia - Imports (percent change)
Exports growth recovers somewhat in December
In USD terms, exports grew 2.3% over the same month a year earlier in December. This is up from November’s upwardly revised 1.2% year-on-year expansion (previously reported: +1.1% year-on-year); however, January’s pace of expansion remained the second weakest since October 2016. Growth in exports in the last month of 2018 was driven solely by a strong rebound in foreign demand for electrical and electronic-products; exports of palm oil and palm oil-based products contracted at a sharper rate than in the prior month while exports of refined petroleum products also fell. In ringgit terms, exports increased a stronger 4.8% over the same month in the prior year, up from the 1.6% expansion in November.
Imports fell 1.4% in USD terms in December over the same month a year prior. This contrasts November’s downwardly revised 4.3% expansion (previously reported: +4.6% yoy) and was primarily driven by a stark drop in capital goods imports as intermediate goods and consumption goods imports expanded. In ringgit terms, imports increased 1.0% over the same month a year earlier in December, this is, however, markedly lower than the 5.0% yoy expansion seen in November.
The trade surplus consequently widened from USD 1.9 billion in November to USD 2.5 billion in December, which is also up from the USD 1.8 billion surplus logged in December 2017. The 12-month moving sum of the trade surplus also widened, from USD 29.2 billion in November to USD 29.8 billion in December.
FocusEconomics Consensus Forecast panelists expect exports and imports to grow 3.6% and 3.6% respectively in 2019, with the trade surplus reaching USD 27.4 billion. In 2020, they see export and import growth at 6.2% and 5.4% respectively, with the trade surplus narrowing to USD 30.9 billion.
Malaysia - Imports (%) Data
|Imports (annual variation in %)||4.9||1.4||-15.7||-4.4||15.8|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||3.97||0.15 %||Feb 14|
|Exchange Rate||4.08||0.0 %||Feb 14|
|Stock Market||1,689||-0.29 %||Feb 14|
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February 14, 2019
The Malaysian economy accelerated in the final quarter of 2018, posting growth of 4.7% over the same quarter a year earlier (Q3: +4.4% year-on-year).
February 11, 2019
Industrial output grew 3.4% over the same month a year earlier from a revised 2.6% expansion in November (previously reported: +2.5% year-on-year), December’s increase also above market expectations of a softer acceleration.
January 30, 2019
In USD terms, exports grew 2.3% over the same month a year earlier in December.
January 24, 2019
In December consumer prices rose 0.08% over the previous month, down from November’s 0.25% increase.
January 24, 2019
At its 24 January meeting, the Monetary Committee of Bank Negara Malaysia left the overnight policy rate unchanged at 3.25%, where it has been since January last year.