# Malaysia trade surplus scales fresh record in July | articles | ING THINK

> Malaysia posted a record July trade surplus of MYR 25 billion, with exports up 3.1% year on year, beating consensus. Electronics led growth, while palm oil exports rose 52% year on year and oil and gas exports fell 21%.

- Date: 2020-08-28 · published 2020-08-28T12:00:00.000Z
- Category: trade · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/51878-malaysia-trade-surplus-scales-fresh-record-in-july-articles-ing-think
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Strong palm oil export demand supports palm oil prices and tightens the vegetable oil balance for feed use. The stronger trade surplus also supports the ringgit.

## Read by commodity

- USDMYR: bearish ▼
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-08-16 | [‘Getting back to normal’: Malaysia-India palm oil trade back on track due to better prices, food security needs](https://feedsoft.ai/events/51472-getting-back-to-normal-malaysia-india-palm-oil-trade-back-on-track-due-to.md) | +1.0% | +7.4% |
| PALMOIL | 2019-12-01 | [Malaysia signs palm oil export deal as India resumes purchases](https://feedsoft.ai/events/56153-malaysia-signs-palm-oil-export-deal-as-india-resumes-purchases.md) | +8.2% | +11.0% |
| PALMOIL | 2021-01-29 | [Malaysian palm oil jumps 3pc - Markets - Business Recorder](https://feedsoft.ai/events/49233-malaysian-palm-oil-jumps-3pc-markets-business-recorder.md) | -8.0% | +0.5% |
| PALMOIL | 2021-09-08 | [India’s refiners seen to favour palm oil imports from Malaysia \| Malay Mail](https://feedsoft.ai/events/44945-india-s-refiners-seen-to-favour-palm-oil-imports-from-malaysia-malay-mail.md) | -1.0% | +7.4% |
| PALMOIL | 2019-09-01 | [The Trade War Is Creating a Windfall for Rivals of U.S. Soy in China](https://feedsoft.ai/events/57615-the-trade-war-is-creating-a-windfall-for-rivals-of-u-s-soy-in-china.md) | +0.8% | +0.6% |

## Sources

- think.ing.com: https://think.ing.com/articles/malaysia-trade-surplus-scales-fresh-record-in-july/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.