Malaisie Balance Commerciale

Malaysia's trade surplus increased to MYR 24.7 billion in March 2025, up from MYR 12.7 billion in the same month of 2024, surpassing market estimates for a gain of MYR 13.8 billion. It was the largest trade surplus since June 2023, as exports grew while imports fell. Exports advanced by 6.8% year-on-year to a three-month high of MYR 137.3 billion, accelerating from a 6.2% rise in February and exceeding estimates of 3.3%. This was mainly supported by sales of manufacturing (8.9%) and agriculture (5.4%), while mining and quarrying plunged (-16.6%). Meanwhile, imports unexpectedly dropped by 2.8% to MYR 112.59 billion, missing forecasts of a 2.3% rise, due to falls in capital goods (-19.2%) and intermediate goods (-0.6%). By contrast, exports of consumption goods rose by 3.6%. For the first quarter of 2025, the country posted a surplus of MYR 41 billion, with exports and imports advancing by 4.4% and 2.8%, respectively.