Overview: In May 2020 Malaysia exported MYR62.7B and imported MYR52.3B, resulting in a positive trade balance of MYR10.4B. Between May 2019 and May 2020 the exports of Malaysia have decreased by MYR-21.5B (-25.5%) from MYR84.1B to MYR62.7B, while imports decreased by MYR-22.8B (-30.4%) from MYR75.1B to MYR52.3B.
Trade: In May 2020 the top exports of Malaysia were Integrated Circuits (MYR11.3B), Refined Petroleum (MYR3.21B), Palm Oil (MYR2.69B), Semiconductor Devices (MYR2.16B), and Petroleum Gas (MYR2.14B). In May 2020 the top imports of Malaysia were Integrated Circuits (MYR10.7B), Refined Petroleum (MYR2.36B), Telephones (MYR1.53B), Semiconductor Devices (MYR1.11B), and Raw Aluminium (MYR946M).
Destinations: In May 2020 Malaysia exported mostly to China (MYR11.8B), Singapore (MYR8.9B), United States (MYR7.09B), Hong Kong (MYR4.14B), and Japan (MYR4.01B), and imported mostly from China (MYR12B), United States (MYR5.16B), Singapore (MYR4.69B), Japan (MYR3.96B), and Chinese Taipei (MYR3.96B).
Growth: In May 2020, the decrease in Malaysia's year-by-year exports was explained primarily by a decrease in exports to India (MYR-3.2B or -81.1%), Singapore (MYR-2.5B or -21.9%), and Thailand (MYR-2.09B or -40%), and product exports decrease in Refined Petroleum (MYR-2.81B or -46.7%), Integrated Circuits (MYR-2.26B or -16.6%), and Crude Petroleum (MYR-1.96B or -70.9%). In May 2020, the decrease in Malaysia's year-by-year imports was explained primarily by a decrease in imports from China (MYR-3.31B or -21.7%), Singapore (MYR-3.06B or -39.5%), and Thailand (MYR-2.12B or -49.5%), and product imports decrease in Refined Petroleum (MYR-4.79B or -67%), Crude Petroleum (MYR-2.09B or -76.2%), and Gold (MYR-1.08B or -97%).