19.12.202504:12:40UTC+00Malaysia Export Growth at 3-Month Low

In November 2025, Malaysia experienced a 7% year-on-year increase in exports, reaching MYR 135 billion. This represents a significant slowdown from the 15.7% growth recorded in the previous month and falls short of market predictions, which anticipated a rise of 11.2%. Notably, this marks the lowest growth rate in three months, primarily attributed to a decline in agricultural exports. Analyzing by sectors, the export of manufactured goods rose by 7.9%, driven by robust shipments of electrical and electronic products, which saw a 15% increase. Mining exports also showed a gain of 9.9%, bolstered by a 6.0% increase in crude petroleum exports, despite a 12.5% decrease in liquefied natural gas (LNG) exports. Conversely, agricultural exports fell by 6.0%, largely due to a 9.3% drop in demand for palm oil and palm-based products. In terms of trade partners, there were export increases to Singapore (4.1%), China (9.3%), Hong Kong (17.8%), Taiwan (53.0%), and a notable surge to the EU (1328%), although exports to the US decreased by 0.9% due to the introduction of new tariffs, and Japan saw a decline of 4.9%. Over the first eleven months of 2025, total exports grew by 6.1%, reaching MYR 1.5 trillion compared to the same period in the previous year.