Malaysia's exports smash record with 34pct surge to RM1.57 trillion

Malaysia's exports surged by 34 percent year-on-year to a record RM1.571 trillion in the first nine months of 2026, according to the Malaysia External Trade Development Corp (Matrade). The impressive growth was driven by strong electrical and electronics (E&E) shipments and expansion in non-traditional markets. The trade surplus for the period stood at RM232.38 billion, with total trade rising 30.1 percent to RM2.91 trillion.

E&E exports increased by RM253.88 billion, fueled by global demand for artificial intelligence and digital technology. Other notable growth areas included petroleum products, optical and scientific equipment, machinery, equipment and parts, liquefied natural gas, and palm oil-based manufactured products, particularly oleochemicals.

Malaysian SMEs also contributed significantly to the export growth. Chief executive officer Datuk Indera Abu Bakar Yusof attributed the strong performance to exporters' resilience in the face of global economic uncertainties and the government's efforts to empower Malaysian companies to enter high-growth emerging markets. Exports to non-traditional markets, particularly in Africa, Central Asia, South Asia, and Latin America, grew 21.5 percent to RM136.36 billion, with Namibia, South Africa, Libya, Angola, and Brazil recording substantial increases.

Malaysia's free trade agreement partners accounted for 62.8 percent of total exports, with exports to 21 of the 24 FTA partners growing.