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MALAYSIA: Impressive Trade Rebound May Have Unwelcome Side Effect. 

MALAYSIA
EM BulletBulletAPACEmerging Market News
  • Delivering significant Trade surpluses at a time when the incoming US President is focused on tariffs may be an unwelcome side effect in the current climate.
  • Malaysia’s December trade numbers were impressive with exports up +16.9% (from a revised +3.9% prior) and imports up +11.9% (from a +1.6% prior).
  • This delivered a trade surplus of MYR19.18bn for December, following the MYR15.05bn for November.
  • Electronic exports jumped +27.8%, manufactured metal +25.2% and machinery / appliances +16.3%
  • Electronic imports jumped 31.5%, machinery +31.1% whilst steel imports declined -11%.
  • The rise in exports was the largest month on month expansion since 2022 and the value of trade recorded the highest ever.
  • The BNM meets this week on the 22nd, just days after the inauguration of the US President and market expectations are for no change in monetary policy. 
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  • Delivering significant Trade surpluses at a time when the incoming US President is focused on tariffs may be an unwelcome side effect in the current climate.
  • Malaysia’s December trade numbers were impressive with exports up +16.9% (from a revised +3.9% prior) and imports up +11.9% (from a +1.6% prior).
  • This delivered a trade surplus of MYR19.18bn for December, following the MYR15.05bn for November.
  • Electronic exports jumped +27.8%, manufactured metal +25.2% and machinery / appliances +16.3%
  • Electronic imports jumped 31.5%, machinery +31.1% whilst steel imports declined -11%.
  • The rise in exports was the largest month on month expansion since 2022 and the value of trade recorded the highest ever.
  • The BNM meets this week on the 22nd, just days after the inauguration of the US President and market expectations are for no change in monetary policy.