Merchandise Trade Balance in Malaysia
The merchandise trade balance in Malaysia averaged USD 34.4 billion in the decade to 2022. The 2022 reading was USD 58.2 billion. For more trade information, visit our dedicated page.
Malaysia Trade Chart
Note: This chart displays Trade Balance (USD billion) for Malaysia from 2023 to 2018.
Source: Macrobond.
Malaysia Trade Data
2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Merchandise Trade Balance (USD bn) | 35.2 | 43.6 | 61.2 | 58.2 | 47.2 |
Merchandise exports grow at a faster pace in May
Merchandise exports rose 2.8% year on year in May (April: +1.2% yoy). May’s result marked the most robust outturn since February 2023. Meanwhile, merchandise imports climbed 8.9% in annual terms in May (April: +7.3% yoy). As a result, the merchandise trade balance improved from the previous month, recording a USD 2.1 billion surplus in May (April 2024: USD 1.6 billion surplus; May 2023: USD 3.5 billion surplus). Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a USD 37.1 billion surplus in May, compared to the USD 38.4 billion surplus in April.
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Malaysian trade 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 trade forecast available for Malaysian trade.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Malaysian trade projections.
Want to get access to the full dataset of Malaysian trade forecasts? Send an email to info@focus-economics.com.
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