Malaysia's imports in February 2025 increased by 5.5% year-on-year, reaching MYR 105.64 billion, although they fell short of the anticipated 9.0% growth and were a slowdown from the 6.2% rise recorded the previous month. Despite marking the 16th consecutive month of growth, this was the smallest increase since November.
Intermediate goods imports rose by 5.8% to MYR 58.74 billion, while imports of capital goods saw a significant surge of 35.3% to MYR 13.82 billion. Additionally, purchases of consumer goods increased by 7.4% to MYR 9.05 billion.
Sector-wise, manufacturing imports went up by 2.3%, largely driven by a 23.1% increase in electrical and electronic (E&E) products and a 10.9% rise in machinery. The agriculture sector saw a 42.0% jump, fueled by natural rubber (up 3.5%) and a dramatic rise in palm oil products (122.5%). Meanwhile, mining imports expanded by 9.8%, with crude petroleum and LNG imports growing by 28.8% and 25.5%, respectively.
On a geographic note, imports increased from China (14.2%), Taiwan (25.1%), the US (28.9%), and ASEAN countries (6.1%), whereas they decreased from Japan (-18.4%), the EU (-3.1%), and South Korea (-23.1%). Over the first two months of the year, there was a 5.9% increase in imports, totaling MYR 224.79 billion.
The material has been provided by InstaForex Company - www.instaforex.com
RobotFX
No comments:
Post a Comment