Despite ongoing global uncertainties and short-term fluctuations, Malaysia continues to demonstrate resilience in its trade outlook. Recent data showed a minor dip in May exports where the figure last month slipped into a decline of 1.1% year-on-year (y-o-y).
Nevertheless, economists remain optimistic, maintaining forecasts for both export and import growth this year: TA Research maintained a forecast of export growth at 2.2% and import growth at 2.6% for this year, while Malaysia’s trade surplus is still projected to be healthy at RM134.04bil. At the same time, CIMB Research still revised its GDP growth forecast for this year upward from 4% to 4.3%.
Constructive US-Malaysia trade talks and the nearing finalization of a key tariff agreement signal continued cooperation and opportunity for international business. Analysts predict that stable inflation could lead to supportive monetary policy, further boosting the trade environment. Overall, Malaysia’s proactive approach and strong fundamentals offer confidence to global buyers and suppliers looking for reliable partners in an evolving market.
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