skyline at night in Malaysia

Imports in Malaysia

Malaysia Imports

Merchandise exports contract at a more pronounced pace in June

Merchandise exports contract at a slower rate in July

Merchandise exports sank 15.9% over the same month last year in July, following June’s 18.4% plunge. Meanwhile, merchandise imports plunged 18.6% over the same month last year in July (June: -22.8% yoy).

As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 3.7 billion surplus in July (June 2023: USD 5.5 billion surplus; July 2022: USD 3.6 billion surplus). Lastly, the trend pointed up, with the 12-month trailing merchandise trade balance recording a USD 56.1 billion surplus in July, compared to the USD 55.9 billion surplus in June.

Merchandise exports sank 18.4% in annual terms in June, on the heels of May’s 3.9% fall. Meanwhile, merchandise imports dived 23.0% over the same month last year in June (May: -6.6% yoy), marking the weakest result since May 2020.

As a result, the merchandise trade balance improved from the previous month, recording a USD 5.6 billion surplus in June (May 2023: USD 3.5 billion surplus; June 2022: USD 5.3 billion surplus). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 56.0 billion surplus in June, compared to the USD 55.7 billion surplus in May.

Malaysia Imports Chart

This chart displays Imports (USD billion) for Malaysia from 2013 to 2022.

Malaysia Imports Data

2018 2019 2020 2021 2022
Merchandise Imports (USD bn) 218 205 191 238 294
Imports (G&S, ann. var. %) 1.5 -2.4 -7.9 21.2 15.9
Merchandise Imports (ann. var. %) 12.1 -6.0 -7.1 25.0 23.4

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