Malaysia Importe

Imports to Malaysia climbed 26.5 percent year-on-year to a five-month high of MYR 84.70 billion in September 2021, exceeding market estimates of 15.4 percent and after a 12.5 percent rise a month earlier, with domestic demand strengthening further as local COVID-19 situations were under control. Purchases of intermediate goods accelerated (20.7 percent vs 13.4 percent in August), boosted by parts and accessories of capital goods, and industrial supplies and fuel & lubricants. Also, arrivals of capital goods continued to expand solidly (20.3 percent vs 22.9 percent), mainly led by capital goods except for transport equipment. In addition, arrivals of consumption goods gained 3.7 percent, rebounding from a 0.6 percent drop in August, lifted by food & beverages, primary, largely for household consumption. Among major trading partners, imports increased from China (30.3 percent), Singapore (32.9 percent), the EU (39.4 percent), the US (19 percent), and Indonesia (50.5 percent).