Malaysia’s trade surplus surged to MYR 19.9 billion in September 2025, up from MYR 12.8 billion in the same month last year, and above expectations of MYR 16.8 billion. It was the largest trade surplus since March, as exports grew more than imports. Exports rose by 12.2% yoy to MYR 138.7 billion, following a downwardly revised 1.7% increase in August, far exceeding forecasts of a 3.5% rise, and marking the fastest export growth in five months. The export growth was driven by higher sales in the manufacturing sector (12.5%), agriculture (6.5%), and mining (4.3%). Exports mainly rose to the US (24.4%), Singapore (28.0%), and China (2.9%). Meanwhile, imports grew by 7.3% to MYR 118.8 billion, surpassing forecasts of a 1.4% growth, due to higher imports of consumption goods (5.1%) and capital goods (9.3%). For the first nine months of 2025, the country recorded a trade surplus of MYR 105.7 billion, with exports and imports rising by 4.8% and 1.1%, respectively.