Overview: In June 2020 Malaysia exported MYR82.9B and imported MYR62B, resulting in a positive trade balance of MYR20.9B. Between June 2019 and June 2020 the exports of Malaysia have increased by MYR6.72B (8.83%) from MYR76.1B to MYR82.9B, while imports decreased by MYR-3.66B (-5.57%) from MYR65.6B to MYR62B.
Trade: In June 2020 the top exports of Malaysia were Integrated Circuits (MYR16B), Palm Oil (MYR3.79B), Refined Petroleum (MYR3.72B), Semiconductor Devices (MYR2.83B), and Rubber Apparel (MYR2.79B). In June 2020 the top imports of Malaysia were Integrated Circuits (MYR11.7B), Refined Petroleum (MYR3.9B), Telephones (MYR1.77B), Semiconductor Devices (MYR1.12B), and Computers (MYR929M).
Destinations: In June 2020 Malaysia exported mostly to China (MYR14.8B), Singapore (MYR11B), United States (MYR9.76B), Hong Kong (MYR6.03B), and Japan (MYR4.95B), and imported mostly from China (MYR13.9B), Singapore (MYR6.11B), United States (MYR5.66B), Japan (MYR4.79B), and Chinese Taipei (MYR4.69B).
Growth: In June 2020, the increase in Malaysia's year-by-year exports was explained primarily by an increase in exports to China (MYR4.71B or 46.8%), United States (MYR2.11B or 27.6%), and Hong Kong (MYR1.43B or 31%), and product exports increase in Integrated Circuits (MYR2.45B or 18.1%), Rubber Apparel (MYR1.58B or 131%), and Blank Audio Media (MYR1.24B or 96.6%). In June 2020, the decrease in Malaysia's year-by-year imports was explained primarily by a decrease in imports from Singapore (MYR-773M or -11.2%), Thailand (MYR-723M or -22.3%), and South Korea (MYR-707M or -22%), and product imports decrease in Refined Petroleum (MYR-2.18B or -35.9%), Crude Petroleum (MYR-1.11B or -56.2%), and Refined Copper (MYR-439M or -70.4%).