马来西亚股票指数 (FKLCI) 加自选

2025年7月，马来西亚食品价格同比上涨1.9%，较上月2.1%的涨幅有所放缓，为2024年9月以来的最低涨幅。

Food prices in Malaysia increased by 1.9% year-on-year in July 2025, slowing from a 2.1% rise in the previous month and marking the softest pace since September 2024.

马来西亚的年通货膨胀率在2025年7月从6月份的1.1%的4年多来的低点微升至1.2%，与市场预期相符。食品价格以十个月来最慢的速度上涨（1.9%对6月份的2.1%），而住房（1.3%对1.7%）和杂项商品和服务（3.9%对4.2%）的成本上涨有所缓解。与此同时，服装（-0.2%对-0.3%）和通信（-6.4%对-5.4%）的价格继续下跌。另一方面，酒精饮料（0.6%）、医疗保健（1.2%）、娱乐（0.8%）和教育（2.2%）的通货膨胀率保持不变。与此同时，运输（0.4%对0.3%）、餐馆（3.1%对2.8%）和金融服务（5.5%对1.5%）的价格增长加快。核心通胀率（不包括波动的新鲜食品和管理价格）连续第三个月稳定在1.8%的同比水平，保持在2023年11月以来的最高水平。每月，消费者价格上涨0.1%，与前三个月的涨幅持平。

Malaysia’s annual inflation rate inched up to 1.2% in July 2025, from June’s over 4-year low of 1.1%, matching market expectations. Food prices rose at the slowest pace in ten months (1.9% vs 2.1% in June), while cost increases eased for housing (1.3% vs 1.7%) and miscellaneous goods and services (3.9% vs 4.2%). At the same time, prices continued to decline for clothing (-0.2% vs -0.3%) and communication (-6.4% vs -5.4%). On the other hand, inflation remained unchanged for alcoholic beverages (at 0.6%), healthcare (at 1.2%), recreation (at 0.8%), and education (at 2.2%). Meanwhile, price growth accelerated for transport (0.4% vs 0.3%), restaurants (3.1% vs 2.8%), and financial services (5.5% vs 1.5%). Core inflation, which excludes volatile fresh food and administered prices, held steady at 1.8% yoy for the third month, remaining at its highest since November 2023. Monthly, consumer prices ticked up 0.1%, matching rises in the prior three months.

2025年7月，马来西亚的出口同比增长6.8%，达到近三年来的最高点1405亿马来西亚令吉，打破了市场对5.2%下降的预期，并从上个月向上修正的3.6%的下降中反弹。这是自4月以来的首次年度增长，主要是由于对新加坡（22.2%）和美国（3.8%）的出货量增加，这两个国家加起来占马来西亚出口总额的31.5%。对中国（6.8%）、欧盟（5.7%）和台湾（46.6%）的出口录得其他显着增长。按行业划分，制成品出口增长9%，主要受电气和电子产品（22.5%）、非金属矿产品（17.6%）和棕榈油制成品（16.8%）出货量增加的支撑。然而，农业（-8.6%）和采矿业（-4.3%）的出口均有所下降。2025年前七个月，出口总额同比增长4.3%，达到9005亿马来西亚令吉。

Exports from Malaysia increased by 6.8% year-on-year to a near three-year high of MYR 140.5 billion in July 2025, defying market expectations of a 5.2% decline and rebounding from an upwardly revised 3.6% drop in the previous month. This marked the first annual growth since April, primarily driven by increased shipments to Singapore (22.2%) and the US (3.8%), which together accounted for 31.5% of Malaysia’s total exports. Other notable increases in exports were recorded to China (6.8%), the EU (5.7%), and Taiwan (46.6%). By sector, exports of manufactured goods rose by 9%, supported mainly by higher shipments of electrical and electronic products (22.5%), non-metallic mineral products (17.6%), and palm oil-based manufactured products (16.8%). However, exports fell in both the agriculture (-8.6%) and mining (-4.3%) sectors. For the first seven months of 2025, total exports increased by 4.3% to MYR 900.5 billion, compared to the same period a year earlier.

2025年7月，马来西亚的贸易顺差从去年同月的64亿马来西亚令吉飙升至150亿马来西亚令吉特，高于预期的57亿马来西亚令吉。这是自3月以来最大的贸易顺差，因为出口增长远快于进口。出口意外同比增长6.8%，达到近三年来的最高点1404亿马来西亚令吉，扭转了6月份向上修正的3.6%的下降趋势，超过了5.2%的下降预测。这一增长是由制造业销售额增长（9.0%）推动的，而采矿业（-4.3%）和农业（-8.6%）的出货量下降。进口也意外上涨，增长0.6%至1255亿马来西亚令吉，超出了4.3%的下降预期。整体收益受到资本货物进口大幅下降（-20.6%）以及消费品（-5.0%）和中间产品（-17.8%）下降的拖累。2025年前七个月，该国贸易顺差为703亿马来西亚令吉，进出口分别增长4.3%和5.1%。

Malaysia’s trade surplus surged to MYR 15 billion in July 2025, up from MYR 6.4 billion in the same month last year and above expectations of MYR 5.7 billion. It was the largest trade surplus since March, as exports grew much faster than imports. Exports unexpectedly rose by 6.8% yoy to a near three-year high of MYR 140.4 billion, reversing an upwardly revised 3.6% drop in June and beating forecasts of a 5.2% fall. The increase was driven by higher sales in the manufacturing sector (9.0%), while shipments declined in mining (-4.3%) and agriculture (-8.6%). Imports also surprised on the upside, rising by 0.6% to MYR 125.5 billion, defying expectations of a 4.3% drop. The overall gain was weighed down by a sharp fall in capital goods imports (-20.6%), along with declines in consumption goods (-5.0%) and intermediate goods (-17.8%). For the first seven months of 2025, the country recorded a trade surplus of MYR 70.3 billion, with exports and imports rising by 4.3% and 5.1%, respectively.