Malaysia - Export

Exports from Malaysia dropped 6.7 percent from a year earlier to MYR 90.6 billion in October 2019, compared to market consensus of a 12.6 percent fall and a 6.8 percent decline in September. Sales decreased for crude petroleum (-50.5 percent), refined petroleum products (-27.2 percent), electrical & electronic products (-3.2 percent), liquefied natural gas (-17.1 percent), palm oil & palm oil-based products (-9.3 percent), timber & timber-based products (-3.9 percent), and natural rubber (-4.7 percent). Among major trading partners, exports to China dropped 11.0 percent, led by electrical & electronic products and refined petroleum product; while those to Singapore increased 4.1 percent, driven by crude petroleum and palm oil & palm oil-based products. Also, sales to the US rose 2.7 percent.

Exports from Malaysia dropped by 6.8 percent year-on-year to MYR 77.7 billion in September 2019, worse than market consensus of a 0.1 percent fall, and the steepest drop since October 2016, after a 0.8 percent fall in the previous month. Sales decreased for electrical & electronic products (-12.2 percent); crude petroleum (-45.8 percent); liquefied natural gas/LNG (-1.8 percent); palm oil & palm oil-based products (-6.6 percent); refined petroleum products (-14.7 percent); and natural rubber (-4.8 percent. By contrast, outbound shipments increased for: timber and timber-based products (5.8 percent). Among major trading partners, sales dropped to China (-3.0 percent), led by electrical & electronic products and refined petroleum product; Singapore (-11.7 percent), driven by electrical and electronic products; while those to the US increased by 6.5 percent.

Exports from Malaysia unexpectedly dropped by 0.8 percent year-on-year to MYR 81.4 billion in August 2019, missing market consensus of a 2.5 percent rise and after a 1.7 percent rise in the previous month. Sales decreased for electrical & electronic products (-7.4 percent); crude petroleum (-40 percent); liquefied natural gas/LNG (-11.2 percent). By contrast, outbound shipments increased for: palm oil & palm oil-based products (16.7 percent); refined petroleum products (7.7 percent); timber and timber-based products (1.7 percent), and natural rubber (3.7 percent. Among major trading partners, sales dropped to China (-2.8 percent), led by electrical & electronic products and refined petroleum product; Singapore (-7.2 percent), driven by electrical and electronic products; while those to the US increased by 6.8 percent.

Exports from Malaysia unexpectedly increased by 1.7 percent year-on-year to MYR 88.0 billion in July 2019, missing market consensus of a 2.5 percent drop and after a 3.1 percent fall in the previous month. Sales rose for electrical & electronic products (4.5 percent); timber & timber based products (1.2 percent); liquefied natural gas/LNG (31.3 percent); refined petroleum products (3.2 percent); natural rubber (25.5 percent). By contrast, outbound shipments declined for: crude petroleum (-45.7 percent); palm oil & palm oil-based products (-9.9 percent). Among major trading partners, sales increased to China (3.8 percent), led by LNG and refined petroleum product; Singapore (3.1 percent), driven by electrical and electronic products; and the US (7.9 percent).

Exports from Malaysia unexpectedly fell by 3.1 percent year-on-year to MYR 76.2 billion in June 2019, missing market consensus of a 1.8 percent gain and after a 2.5 percent increase in the previous month. This was the first decline in exports since March, as sales declined for both electrical & electronic products (-6.0 percent) and timber & timber based products (-17.6 percent). By contrast, outbound shipments increased for: crude petroleum (31.7 percent); palm oil & palm oil-based products (2.2 percent); natural rubber (10.7 percent); refined petroleum products (8.4 percent), and liquefied natural gas products (5.5 percent). Among major trading partners, sales decreased to China (-12.0 percent), led by electrical and electronic products; Singapore (-0.9 percent), dragged down by electrical and electronic products, while increased to the US (8.8 percent).For the first half of 2019, exports decreased 0.2 percent from the same period the previous year,

Exports from Malaysia rose by 2.5 percent year-on-year to MYR 84.1 billion in May 2019, below market consensus of a 3.6 percent gain and after a 1.1 percent increase in the previous month. Sales went up for electrical & electronic products (0.5 percent); palm oil & palm oil-based products (7.6 percent); timber & timber based products (15.0 percent); natural rubber (5.3 percent). By contrast, outbound shipments declined for crude petroleum (-20.0 percent); refined petroleum products (-15.5 percent), and liquefied natural gas products (-5.2 percent). Among major trading partners, sales rose to the US (11.7 percent); Singapore (2.6 percent), driven by refined petroleum products, while fell to China (-2.2 percent), led by E&E products.