Malaysia’s current account balance recorded a surplus of RM4.4 billion
in Q2 2022
Malaysia’s Current Account Balance (CAB) continued to record a surplus of RM4.4 billion in the second quarter of 2022, mainly contributed by net exports of Goods, followed by lower deficits in Primary Income and Services.
In the second quarter of 2022, Goods account logged a net exports of RM34.0 billion compared to RM40.5 billion in the first quarter of this year. Exports of goods increased by 10.0 per cent quarter-on-quarter to RM295.8 billion from RM268.9 billion in the previous quarter. Similarly, imports of goods also showed a double-digit growth of 14.6 per cent quarter-on-quarter, amounting to RM261.8 billion as compared to RM228.4 billion in the preceding quarter.
Services account logged a deficit of RM12.3 billion as compared to RM15.0 billion last quarter mainly supported by lower deficit in Travel.
Primary Income account recorded a lower deficit of RM14.7 billion as compared to RM20.1 billion in the previous quarter. This was mainly attributed by higher receipts of RM25.3 billion, primarily in Direct investment. Meanwhile, this account also registered a higher payments of RM40.0 billion, particularly in Direct investment.
The Secondary Income account recorded a deficit of RM2.6 billion as opposed to a RM2.4 billion deficit last quarter. This account recorded higher receipts of RM5.7 billion, while payments was RM8.3 billion.
Financial account recorded a net inflow of RM0.2 billion this quarter compared to RM30.4 billion in the previous quarter. This was mainly contributed by inflow in Other investment and Direct investment.
Foreign Direct investment (FDI) posted a lower net inflow of RM17.3 billion from RM24.4 billion in the preceding quarter. Direct Investment Abroad (DIA) registered a higher net outflow of RM14.7 billion as compared to RM3.6 billion in last quarter.
As at the end of the second quarter 2022, the international reserves stood at RM480.0 billion.
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