macro

RHB Raises Malaysia's 2026 Export Growth Forecast to 34.4%

RHB economist Chin Yee Sian expects electronics and commodity demand to stay firm, lifting Malaysia's 2026 export growth estimate from 21.7% to 34.4%.

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what happened

Electrical and electronics exports, the main engine behind Malaysia's strong trade figures, should stay resilient through the rest of 2026, according to RHB senior economist Chin Yee Sian, as reported by Market Talk. Commodity shipments, particularly liquefied natural gas and petroleum products, are also expected to add support.

She flags several risks, including a possible slowdown in AI spending, geopolitical tensions and shifts in U.S. tariff policy, which could hurt global demand and trade. In her view, Malaysia's spread of export markets and product mix should help absorb these external pressures.

RHB has raised its Malaysia 2026 export growth forecast to 34.4% from 21.7%, after year-to-date export growth reached 34%.

why it matters

For markets, stronger Malaysian exports mean more foreign currency earnings and could support the ringgit and shares of exporters. Still, heavy reliance on chip demand and AI infrastructure makes this channel sensitive to the global cycle and to Washington's tariff decisions.

market impact

Ringgit and Malaysian exporter shares: strong exports boost currency inflows and support valuations.

tags

instruments

USD/MYRFBM KLCILNG

sources

  1. Malaysia's Export Growth Could Stay Strong on E&E and Commodity Demand — Market Talk, 20 October 2026 at 03:40 UTC

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