Malaysia Exporte

Exports from Malaysia surged by 24.7 percent from a year earlier to a new high of MYR 110.8 billion in September 2021, far above market consensus of a 14.6 percent rise, and accelerating sharply from an 18.4 percent rise in the prior month, amid a further recovery in global demand and surging commodity prices. Exports increased for all categories: manufactured goods (21.6 percent), mining (48.1 percent), and agricultural goods (47.7 percent). The expansion in the manufacturing sector was mainly boosted by higher exports of electrical and electronic products (5.6 percent), followed by chemical and chemical products (38.7 percent) and petroleum products (148.0 percent). Among major trading partners, exports grew to the US (19.2 percent), China (19.0 percent), Singapore (32.4 percent), and the ASEAN countries (31.4 percent).