Foreign Direct Investment (FDI) inflows surged to RM14.5 billion, Current account recorded a surplus of RM2.2 billion in Q3 2024
Malaysia’s Current Account Balance (CAB) recorded a surplus of RM2.2 billion in the third quarter of 2024, mainly supported by net exports of Goods and lower deficit in Services.
Goods account posted a net exports of RM23.1 billion, with exports of goods reaching RM289.6 billion and imports of goods was RM266.4 billion.
Services account deficit narrowed to RM1.6 billion in this quarter, supported by higher surplus in Travel.
Primary Income account recorded a higher deficit of RM17.0 billion with receipts of RM21.6 billion and payments of RM38.6 billion.
Secondary Income account deficit widened to RM2.4 billion with receipts of RM9.7 billion and payments at RM12.1 billion.
Financial Account switched to a net outflow of RM7.5 billion in this quarter, owing to outflows in Other Investments (RM6.3 billion) and Direct Investment (RM4.3 billion).
Foreign Direct Investment (FDI) posted a higher net inflow of RM14.5 billion (Q2 2024: RM9.1 billion). Meanwhile, Direct Investment Abroad (DIA) recorded a net outflow of RM18.9 billion (Q2 2024: RM5.3 billion).
As at the end of third quarter 2024, the International Reserves stood at RM491.5 billion.
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