Malaysia’s current account balance recorded a surplus of RM25.7 billion
in Q4 2022
Malaysia’s Current Account Balance (CAB) posted a surplus of RM25.7 billion in the fourth quarter of 2022, supported by net exports of Goods and lower deficit in Primary income.
Goods account recorded net exports of RM51.7 billion (Q3 2022: RM43.0 billion). Exports of goods recorded RM303.5 billion while imports was RM251.7 billion.
Services account logged a lower deficit of RM8.6 billion compared to RM9.6 billion in the previous quarter mainly contributed by Travel, Construction and Transport components.
Primary Income account recorded a lower deficit of RM11.5 billion compared to RM17.2 billion in the preceding quarter. This was mainly owing to the higher receipts of RM25.2 billion, primarily in Direct investment. At the same time, this account also registered lower payments of RM36.7 billion, particularly in Direct investment.
Secondary Income account recorded a higher deficit of RM6.0 billion as opposed to a RM2.1 billion last quarter. This account posted lower receipts of RM6.2 billion, while payments increased to RM12.2 billion.
Financial account registered a net outflow of RM1.0 billion as compared to RM14.9 billion in the preceding quarter, due to outflows in the Portfolio investment and Direct investment.
Foreign Direct Investment (FDI) recorded a higher net inflow of RM19.3 billion as compared to RM12.3 billion in the preceding quarter. Meanwhile, Direct Investment Abroad (DIA) logged a higher net outflow of RM28.7 billion (Q3 2022: RM10.3 billion).
As at the end of fourth quarter 2022, the international reserves stood at RM503.2 billion.
The surplus in the CAB for 2022 reached RM47.2 billion, while Financial account posted a net inflow of RM14.8 billion as compared to RM13.0 billion in 2021. FDI recorded a net inflow of RM73.3 billion while DIA posted a net outflow of RM57.3 billion.
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