Overview In September 2020 Malaysia exported MYR88.9B and imported MYR67B, resulting in a positive trade balance of MYR22B. Between September 2019 and September 2020 the exports of Malaysia have increased by MYR11.2B (14.4%) from MYR77.7B to MYR88.9B, while imports decreased by MYR-2.41B (-3.48%) from MYR69.4B to MYR67B.
Trade In September 2020, the top exports of Malaysia were Integrated Circuits (MYR21.3B), Palm Oil (MYR3.8B), Rubber Apparel (MYR3.78B), Refined Petroleum (MYR3.08B), and Semiconductor Devices (MYR2.74B). In September 2020 the top imports of Malaysia were Integrated Circuits (MYR11.8B), Refined Petroleum (MYR3.74B), Telephones (MYR1.54B), Semiconductor Devices (MYR1.24B), and Gold (MYR1.06B).
Destinations In September 2020, Malaysia exported mostly to China (MYR15.6B), Singapore (MYR12.2B), United States (MYR10.3B), Hong Kong (MYR6.71B), and Japan (MYR4.76B), and imported mostly from China (MYR15.3B), Singapore (MYR6.51B), United States (MYR5.42B), Japan (MYR5.4B), and Chinese Taipei (MYR5.14B).
Growth In September 2020, the increase in Malaysia's year-by-year exports was explained primarily by an increase in exports to China (MYR922M or 9.13%), Thailand (MYR823M or 17.1%), and South Korea (MYR748M or 29.2%), and product exports increase in Integrated Circuits (MYR1.35B or 8.2%), Petroleum Gas (MYR1.2B or 28.3%), and Ethylene Polymers (MYR426M or 79.7%). In September 2020, the decrease in Malaysia's year-by-year imports was explained primarily by an decrease in imports from Singapore (MYR-1.5B or -16.5%), France (MYR-623M or -47.1%), and Switzerland (MYR-348M or -33.6%), and product imports decrease in Refined Petroleum (MYR-1.3B or -19.7%), Integrated Circuits (MYR-538M or -4.34%), and Refined Copper (MYR-414M or -34%).