Malaysia’s current account balance recorded a surplus of RM14.1 billion
in Q3 2022
Malaysia’s Current Account Balance (CAB) posted a higher surplus of RM14.1 billion in the third quarter of 2022, primarily driven by net exports of Goods and lower deficit in Services.
In the third quarter of 2022, Goods account recorded net exports of RM43.0 billion (Q2 2022: RM34.0 billion). Exports of goods reached RM313.2 billion while imports was RM270.2 billion.
Services account logged a lower deficit of RM9.6 billion compared to RM12.3 billion in the previous quarter mainly contributed by Travel and Transport components.
Primary Income account recorded a higher deficit of RM17.2 billion as compared to RM14.7 billion in the second quarter of 2022. This was mainly owing to the lower receipts of RM22.7 billion, primarily in Direct investment. At the same time, this account also registered lower payments of RM39.9 billion, particularly in Direct investment.
Secondary Income account recorded a lower deficit of RM2.1 billion as opposed to a RM2.6 billion deficit last quarter. This account posted higher receipts of RM7.0 billion, while payments increased to RM9.1 billion.
Financial account switched to a net outflow of RM14.9 billion from a net inflow of RM0.2 billion in the preceding quarter, mainly owing to higher outflows in the Other investment.
Foreign Direct Investment (FDI) recorded a net inflow of RM12.3 billion as compared to RM17.3 billion in the previous quarter. Meanwhile, Direct Investment Abroad (DIA) logged a net outflow of RM10.3 billion (Q2 2022: RM14.7 billion).
As at the end of third quarter 2022, the international reserves stood at RM491.9 billion.
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