Overview

Malaysia's trade performance maintained a positive trend in September 2026, supported by a double digit increase in exports (+54.5%) and imports (+52.7%), year-on-year (y-o-y). Total trade increased by 53.7 per cent or RM138.5 billion, to reach RM396.5 billion. Furthermore, the trade balance rose by 64.9 per cent or RM13.3 billion from RM20.5  billion to RM33.7 billion as compared to the same period last year. The monthly comparison shows that exports, imports and total trade increased by 12.6 per cent, 11.3 per cent and 12.0 per cent respectively. Meanwhile, trade surplus increased 20.1 per cent. Total trade, exports, imports and trade surplus all showed positive trends from January to September 2026. Total trade rose by 30.1 per cent to RM2.9 trillion, driven by increases in exports (+34.0%) and imports (+25.7%). In addition, trade surplus escalated by 115.7 per cent to RM232.4 billion.

PERFORMANCE OF EXPORT

Malaysia’s exports surged by 54.5 per cent y-o-y to RM215.1 billion in September 2026. The positive export growth was mainly contributed by increases in domestic exports and re-exports. Domestic exports valued at RM162.0 billion (75.3% of total exports), increased by 54.7 per cent or RM57.3 billion. Re-exports (24.7% of total exports) registered a growth of 53.7 per cent or RM18.6 billion from RM34.5 billion to RM53.1 billion. Concurrently, monthly comparison showed exports rose by 12.6 per cent or RM24.1 billion from RM191.0 billion to RM215.1 billion. Based on month-on-month (m-o-m) seasonally adjusted terms analysis, exports increased by 10.0 per cent to RM211.3 billion.

PERFORMANCE OF IMPORT

Imports recorded double-digit growth of 52.7 per cent or RM62.6 billion, rising from RM118.8 billion to RM181.4 billion in September 2026. On a m-o-m basis, imports rose by 11.3 per cent or RM18.4 billion. According to the m-o-m seasonally adjusted terms analysis, imports increased by 11.9 per cent to RM184.6 billion. Imports by End Use increased, y-o-y, with intermediate goods (+69.6%), capital goods (+20.9%) and consumption goods (+18.2%).

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