FX.co ★ Malaysia’s Import Growth Cools to 14.1% in May, Easing from April Surge

Malaysia’s import growth slowed in May 2026, with year-on-year expansion moderating to 14.1%, down from a robust 20.0% recorded in April 2026. The latest figures, updated on 19 June 2026, indicate a clear deceleration in external demand or domestic import requirements compared with the previous month’s pace.

Both April and May readings are based on year-over-year comparisons, measuring how imports changed relative to the same month a year earlier. While May’s data still signals solid growth in inbound shipments, the pullback from April’s stronger gain suggests some cooling after a period of more rapid import expansion.

The softer May reading could reflect shifts in Malaysia’s trade dynamics, inventory cycles, or sector-specific demand, and will be closely watched by markets and policymakers for clues on the momentum of domestic activity and external trade conditions heading into the second half of 2026.