Trade Performance : February 2026 and January - February 2026

DOUBLE-DIGIT GROWTH IN EXPORTS PUSHES MALAYSIA’S TRADE TO RECORD LEVEL FOR FEBRUARY

Exports Continued to Record Consistent Growth Since July 2025, Supported by Significant Increases in E&E Exports

Malaysia’s trade remained on a firm growth trajectory in February 2026, rising 9.5% year-on-year (y-o-y) to RM245.20 billion and marking the sixth consecutive month of expansion. The growth was supported by consistent expansion in exports since July 2025 that grew by 10.8% to RM130.95 billion, while imports rose 8.2% to RM114.24 billion. This resulted in a trade surplus of RM16.71 billion, the 70th consecutive month of surplus since May 2020. Trade, exports and imports reached their highest monthly levels on record for the month of February.

The rise in exports was primarily supported by higher demand for manufactured goods notably electrical and electronic (E&E) products as well as optical and scientific equipment, and mining goods primarily metalliferous ores and metal scrap.

In terms of markets, exports to major trading partners namely the People’s Republic of China (China), the United States (US), Taiwan and the European Union (EU) posted double-digit expansion. Despite lower overall exports to Free Trade Agreement (FTA) partners, growth was recorded for Hong Kong SAR, Mexico, the Republic of Korea (ROK), India and the United Kingdom (UK).

The country’s trade performance continued to strengthen in the first two months of 2026, rising 11.0% to RM516.89 billion compared to the corresponding period in 2025. Exports expanded by 15.2% to RM277.78 billion, while imports climbed 6.4% to RM239.11 billion, resulting in a trade surplus of RM38.67 billion. Trade, exports, imports and trade surplus also recorded their highest levels on record for the period.

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Trade Performance : February 2026 and January - February 2026
Trade Performance : February 2026 and January - February 2026 (Infographic)