Malaysia recorded a higher current account surplus of RM16.4 billion in the first quarter of 2019 which was the largest surplus since first quarter of 2014 at RM19.8 billion. The higher surplus was mainly due lower imports of intermediate and capital goods. Concurrently, lower deficit in primary income and services accounts also contributed towards higher current account surplus.
Financial account in this quarter posted a net outflow of RM13.8 billion against RM6.1 billion last quarter. This was largely due to the higher net outflow in other investment.
Foreign Direct Investment (FDI) into Malaysia surged to RM21.7 billion which was the highest in the quarterly series compared to RM12.9 billion in the previous quarter. The FDI were mainly from Japan, Austria and Hong Kong. Meanwhile, Malaysia’s Direct Investment Abroad (DIA) registered a lower net outflow of RM5.5 billion as compared to RM10.8 billion in preceding quarter. The main destinations of DIA were Luxembourg, Australia and Indonesia.
The international reserves of Bank Negara Malaysia stood at RM420.2 billion as compared to RM419.5 billion last quarter.
Download: Summary Table of Balance of Payments, Q1 2019 Quarterly Bulletin FDI and DIA, Q1 2019
DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
16 May 2019
Public Relation Officer
Strategic Communication and International Division
Department of Statistics, Malaysia
Tel : +603-8885 7187 / 7942
Fax : +603-8888 9248
Email : jpbkkp[at]dosm.gov.my