In the official statement of Malaysia External Trade Statistics released by Ministry of International Trade and Industry (MITI), Malaysia recorded a surge in total imports in March 2022 by 29.9% y-o-y (year-on-year) to RM104.93 billion.
Three main categories of imports by end-use which accounted for 73.5% of total imports were, intermediate goods, valued at RM58.87 billion or 56.1% of total imports, increased by 34.9%, following higher imports of fuels and lubricants, primary, particularly mineral fuels and oils; Capital goods, valued at RM9.51 billion or 9.1% of total imports, grew by 14.3%, due to higher imports of capital goods (except transport equipment), primarily parts for machinery and mechanical appliances; and consumption goods, valued at RM8.73 billion or 8.3% of total imports, rose by 22.4%, as a result of higher imports of processed food and beverages mainly for household consumption especially beverages.
During the period of January to March 2022, imports expanded by 25.2% to RM279.89 billion from the same period of 2021. While, imports of intermediate goods grew by 29.2% to RM156.83 billion, capital goods ( up 17.9% to RM27.29 billion) and consumption goods
(increased 24.5% to RM24.36 billion).