Malaisie Balance Commerciale

Malaysia's trade surplus decreased slightly to MYR 12.0 billion in October 2024 from MYR 13.0 billion in the same month the previous year, yet it exceeded market estimates for a gain of MYR 9.6 billion. Exports grew by 1.6% year-on-year to MYR 128.1 billion, an upswing from an upwardly revised 0.6% fall in September, mainly driven by manufacturing (1.9%) and agriculture (8.9%), while mining and quarrying saw a significant decline (-12.1%). Meantime, imports increased by 2.6% to MYR 116.1 billion, the softest growth since November 2023, primarily due to rises in intermediate goods (12.3%) and consumption goods (3.0%), while demand for capital goods contracted (-2.7%). For the first ten months of the year, the trade surplus plunged by 46.3% from the same period of 2023 to MYR 102.8 billion, as exports (4.8%) expanded much softer than imports (14.6%).