Malaysia: Merchandise exports rise at a more moderate pace in November
Latest reading: Merchandise exports growth softened to 10.0% on an annual basis in November (October: +12.2% year-on-year). Meanwhile, merchandise imports increased 7.4% on an annual basis in November (October: +13.4% yoy), marking the weakest reading since April 2024.
As a result, the merchandise trade balance improved from the previous month, recording a USD 3.4 billion surplus in November (October 2024: USD 2.8 billion surplus; November 2023: USD 2.6 billion surplus). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 28.3 billion surplus in November, compared to the USD 27.5 billion surplus in October.