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 (MYR4.71B or 43.4%), United States (MYR2.1B or 25.5%), and Hong Kong (MYR1.64B or 32.4%), and product exports increase in Integrated Circuits (MYR7.47B or 54.1%), Rubber Apparel (MYR2.32B or 159%), and Palm Oil (MYR1.04B or 37.7%). In September 2020, the decrease in Malaysia's year-by-year imports was explained primarily by an decrease in imports from Singapore (MYR-1.19B or -15.5%), South Korea (MYR-759M or -20.9%), and Thailand (MYR-413M or -11.7%), and product imports decrease in Refined Petroleum (MYR-2.48B or -39.8%), Crude Petroleum (MYR-1.42B or -63.2%), and Gas Turbines (MYR-396M or -72.3%).