Overview

Both the Export and Import Volume Indices increased 12.0 per cent and 6.8 per cent respectively, in March 2026

Exports

The export unit value index increased by 1.4 per cent in March 2026, attributed to increases in the index of mineral fuels (+5.4%), chemicals (+0.6%) and machinery & transport equipment (+0.5%).  The export volume index also rose by 12.0 per cent in line with increases in the indices of mineral fuels (+26.1%), manufactured goods (+19.4%) and machinery & transport equipment (+17.8%). Meanwhile, seasonally adjusted export volume index increased by 13.4 per cent from 158.9 points to 180.1 points.

Referring to the annual comparison, both the exports unit value index and the volume index expanded by 2.3 per cent and 5.9 per cent respectively.

Imports

The import unit value index increased by 1.8 per cent in March 2026, resulting from the increases in the indices of mineral fuels (+17.1%), animal & vegetable oils & fats (+0.7%) and food (+0.1%). Meanwhile, the import volume index also increased by 6.8 per cent in 2026 as compared to the previous month, driven by the increases in the indices of chemicals (+15.3%), machinery & transport equipment (+10.5%) and manufactured goods (+10.0%). The seasonally adjusted import volume index increased by 6.3 per cent from 152.9 points to 162.5 points.

A year-on-year comparison showed that the import unit value index declined by 1.7 per cent, while volume index edged up by 12.3 per cent.

Terms of trade

Malaysia's terms of trade declined 0.3 per cent month-on-month to 124.4 points in March 2026, driven by the decrease in the index of mineral fuels (-10.0%), animal & vegetable oils & fats (-0.5%) and manufactured goods (-0.1%). Meanwhile, Malaysia terms of trade increased 4.1 per cent year-on-year from 119.5 points in March previous year.

*Notes:

The March 2026 data is provisional and subject to revision in later issues.

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