Malaisie Balance Commerciale

Malaysia's trade surplus plunged to MYR 5.2 billion in April 2025, down from MYR 7.7 billion in the same month of 2024, far below market estimates for a gain of MYR 14.7 billion. It was the smallest trade surplus since January, as exports rose less than imports. Exports jumped by 16.4% year-on-year to MYR 133.6 billion, the fastest pace in four months, accelerating sharply from a 6.8% rise in March and exceeding estimates of 7.8%. This growth was mainly boosted by sales of manufacturing (19.0%) and agriculture (3.5%), while mining and quarrying fell (-1.3%). Meanwhile, imports soared by 20% to a record high of MYR 128.4 billion, much faster than forecasts of a 3.3% growth, due to surges in capital goods (114.1%). By contrast, both intermediate goods and consumption goods fell by 1.7% and 0.7%, respectively. For the first four months of 2025, the country registered a surplus of MYR 46.2 billion, with exports and imports climbing by 7.3% and 7.0% each.