Malaysia’s exports rose 10.8% year-on-year to MYR 131.0 billion in February 2026, below the expected 11.9% increase and slowing from January’s 19.6% jump. Growth was led by manufacturing, which expanded 12.8%, particularly in electrical and electronic products (28.5%) and optical and scientific equipment (42.9%). Mining exports also increased 12.3%, driven mainly by metalliferous ores and metal scrap (443.7%) and crude petroleum (6.4%). However, these gains were partially offset by a 16.4% decline in agricultural exports, reflecting lower sales of palm oil and palm-based products (-13.7%), other vegetable oils (-8.8%), and natural rubber (-47%). By destination, exports rose sharply to the US (42.3%), with notable increases to China (13.2%), the EU (33.9%), Hong Kong (32.6%), and Taiwan (65.9%). Overall, for the first two months of 2026, exports were 15.2% higher than the same period last year.