Overview: In August 2020 Malaysia exported MYR79.1B and imported MYR65.9B, resulting in a positive trade balance of MYR13.2B. Between August 2019 and August 2020 the exports of Malaysia have decreased by MYR-2.21B (-2.72%) from MYR81.4B to MYR79.1B, while imports decreased by MYR-4.55B (-6.45%) from MYR70.5B to MYR65.9B.
Trade: In August 2020 the top exports of Malaysia were Integrated Circuits (MYR16.1B), Refined Petroleum (MYR3.83B), Palm Oil (MYR3.37B), Rubber Apparel (MYR3.02B), and Semiconductor Devices (MYR2.62B). In August 2020 the top imports of Malaysia were Integrated Circuits (MYR12B), Refined Petroleum (MYR4.07B), Crude Petroleum (MYR1.67B), Telephones (MYR1.4B), and Gold (MYR1.3B).
Destinations: In August 2020 Malaysia exported mostly to China (MYR14B), Singapore (MYR11B), United States (MYR9.46B), Hong Kong (MYR4.96B), and Japan (MYR4.31B), and imported mostly from China (MYR13.7B), Singapore (MYR6.38B), United States (MYR6.17B), Chinese Taipei (MYR5.25B), and Japan (MYR4.92B).
Growth: In August 2020, the decrease in Malaysia's year-by-year exports was explained primarily by a decrease in exports to Bangladesh (MYR-1.51B or -79.4%), Thailand (MYR-973M or -22.9%), and India (MYR-727M or -20.1%), and product exports decrease in Petroleum Gas (MYR-1.34B or -44.1%), Refined Petroleum (MYR-1.05B or -21.6%), and Semiconductor Devices (MYR-562M or -17.7%). In August 2020, the decrease in Malaysia's year-by-year imports was explained primarily by a decrease in imports from China (MYR-1.27B or -8.47%), South Korea (MYR-999M or -30.3%), and Thailand (MYR-788M or -21.7%), and product imports decrease in Refined Petroleum (MYR-1.36B or -25.1%), Ethylene Polymers (MYR-824M or -58%), and Cars (MYR-469M or -62.2%).