Malaysia’s imports surged 15.8% yoy to MYR 128.86 billion in November 2025, accelerating from a downwardly revised 10.0% increase in the previous month and topping market estimates of 11.4%. It was the fastest growth since April, reflecting solid domestic demand as the year-end neared. Purchases grew for capital goods (56.8%) and intermediate goods (5.0%), but fell for consumption goods (-1.7%) and dual-use goods (-55.1%). By sector, manufacturing imports rose 18.6%, led by E&E products (44.4%) and machinery, equipment (15.2%). Mining imports also gained 4.7%, led by crude petroleum (5.8%) and metalliferous ores (79.7%). However, agricultural imports dropped 18.1%, weighed by palm oil (-30.4%) and natural rubber (-47.0%). By destination, imports increased from China (33.3%), Taiwan (14.6%), Japan (6.3%), Hong Kong (61.9%), South Korea (78.6%), and the EU (9.9%), but shrank from the U.S. (-6.1%) and ASEAN countries (-4.5%). Year-to-date, total imports gained 5.6% to MYR 1.32 trillion.