Which countries saw the largest drop in exports from Malaysia?

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Malaysia's Exports Experienced a Significant Decline in November 2023

Malaysia's exports recorded a decrease of 5.9 per cent, reaching RM122.1 billion in November 2023. This decline was primarily attributed to reduced demand for electrical and electronic products. Domestic exports, which constitute the majority of total exports at 78.5 per cent, saw a more pronounced drop of 7.4 per cent to RM95.9 billion. In contrast, re-exports experienced a marginal increase of 0.1 per cent to RM26.2 billion. Concurrently, imports for the same period rose by 1.7 per cent compared to the previous year, amounting to RM109.7 billion.
Key Trading Partners Experienced Export Reductions

The overall slowdown in exports was largely influenced by significant declines in shipments to several key destinations. Singapore recorded the largest decrease, with exports falling by RM3.7 billion. This was followed by substantial drops in exports to Japan and China, both experiencing a reduction of RM1.6 billion. Hong Kong and the United States also saw notable decreases in Malaysian exports, each falling by RM1.2 billion.
Electrical and Electronic Products Drove Export Decline

The fall in exports was closely linked to a decrease in demand across several product categories. The most significant contributor to this downturn was the electrical and electronic products sector, which saw a decline of RM7.3 billion. Additionally, chemical and chemical products experienced a drop of RM1.1 billion, and transport equipment exports decreased by RM1.0 billion, further impacting the overall export performance.
Imports Showed Mixed Performance Across Categories

While overall exports declined, imports saw an increase, driven by specific sectors. Imports of transport equipment rose by RM1.8 billion, while crude petroleum imports increased by RM1.1 billion, and petroleum products imports grew by RM774.4 million. This rise in imports was aligned with increased demand for capital goods, which surged by 53.3 per cent to RM14.9 billion, and consumption goods, which grew by 2.2 per cent to RM9.7 billion. Conversely, intermediate goods imports experienced a decrease of 5.2 per cent, amounting to RM56.2 billion.

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Which countries saw the largest drop in exports from Malaysia?

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