Chinese Simplified (Google Translate)   
    Font Size decrease font size reset font size increase font size + Change default theme Change blue theme Change green theme
Recent Statistical ReleasesFree DownloadPrinted

QUARTERLY PERFORMANCE BALANCE OF PAYMENTS JANUARY - MARCH 2012 (Updated: 23/05/2012)

 

CURRENT ACCOUNT

In the period January - March 2012, current account recorded lower surplus of RM18.1 billion from RM22.4 billion in Q4 2011. This was mainly attributed to:

  • Income account
    A higher net outflow of RM8.6 billion (Q4 2011: -RM5.3 billion); and
  • Goods account
    A lower surplus of RM35.8 billion (Q4 2011: RM36.8 billion).


Year-on-year, the surplus on current account reduced by RM6.3 billion (-25.7 per cent) to RM18.1 billion from RM24.3 billion posted in the same period last year. This was due to higher net outflow on both income and services accounts by RM2.6 billion and RM1.6 billion, respectively. Meanwhile, goods recorded a lower surplus by RM1.7 billion.


Goods Account

In the quarter ending March 2012, goods registered lower surplus of RM35.8 billion (-RM1.0 billion or -2.8 per cent) from RM36.8 billion last quarter. This was due to decrease in exports f.o.b. larger than that of imports f.o.b.

  • Exports f.o.b. reduced by RM7.2 billion to RM174.0 billion (Q4 2011: RM181.2 billion). This was attributed to slow down in demands for electrical & electronic products, palm oil & palm oil based products and rubber products. The top three export destinations were The People’s Republic of China, Singapore, and Japan.
  • Imports f.o.b. declined by RM6.2 billion to RM138.2 billion (Q4 2011: RM144.4 billion). This was due to lower demands for imports by end-use for three major categories namely intermediate goods, capital goods, and consumption goods. The top three import sources were The People’s Republic of China, Singapore, and Japan.

Year-on-year, goods account recorded lower surplus by RM1.7 billion from RM37.6 billion a year ago. This was due to increase in imports f.o.b. larger than that of exports f.o.b. Imports f.o.b. increased to RM138.2 billion (Q1 2011: RM129.0 billion) and exports f.o.b. recorded RM174.0 billion (Q1 2011: RM166.5 billion).


Services Account

In Q1 2012, exports of services registered RM27.9 billion from RM29.0 billion during Q4 2011, consisting of the following components:

  • transportation of RM3.3 billion (Q4 2011: RM3.6 billion);
  • travel of RM14.7 billion (Q4 2011: RM16.2 billion);
  • other services of RM9.9 billion (Q4 2011: RM9.1 billion); and
  • government transactions n.i.e. of RM49.0 million (Q4 2011: RM82.0 million).

Meanwhile, imports of services decreased by RM1.1 billion to RM31.7 billion from RM32.8 billion a quarter ago, of which:
  • transportation of RM10.2 billion (Q4 2011: RM10.4 billion);
  • travel of RM8.9 billion (Q4 2011: RM9.4 billion);
  • other services of RM12.4 billion (Q4 2011: RM12.7 billion); and
  • government transactions n.i.e. of RM0.1 billion (Q4 2011: RM0.2 billion).

On net basis, services account remained unchanged to record payments of RM3.8 billion. The components under services account namely; transportation recorded -RM6.9 billion (Q4 2011: -RM6.8 billion), travel RM5.8 billion (Q4 2011: RM6.8 billion), and other services -RM2.5 billion (Q4 2011: -RM3.5 billion).


Year-on-year, exports of services recorded higher receipts of RM27.9 billion, an increase of 11.3 per cent, from RM25.1 billion in the same period last year. On the other hand, imports recorded higher payments of RM31.7 billion from RM27.3 billion, rose by 16.4 per cent. The services account balance, recorded net payments of RM3.8 billion from RM2.2 billion in Q1 2011.


Income Account

In the current quarter, income receipts (credit) registered RM9.6 billion from RM15.1 billion in Q4 2011, of which:

  • compensation of employees of RM1.0 billion (Q4 2011: RM0.9 billion); and
  • investment income of RM8.6 billion (Q4 2011: RM14.1 billion).

The investment income was derived from:
  • direct investment abroad (DIA) of RM3.2 billion (Q4 2011: RM8.7 billion), mainly generated from oil & gas, financial & insurance, and information & communication sectors;
  • portfolio investment of RM0.3 billion (Q4 2011: RM0.6 billion); and
  • other investment of RM5.2 billion (Q4 2011: RM4.8 billion).

On the other hand, income payments (debit) posted RM18.2 billion from RM20.4 billion in Q4 2011, of which:
  • compensation of employees of RM1.8 billion (Q4 2011: RM1.7 billion); and
  • investment income of RM16.5 billion (Q4 2011: RM18.7 billion).

The investment income was derived from:
  • foreign direct investment (FDI) of RM13.4 billion (Q4 2011: RM15.6 billion), mainly generated from manufacturing, oil & gas, and financial & insurance sectors;
  • portfolio investment of RM2.7 billion (Q4 2011: RM2.7 billion); and
  • other investment of RM0.4 billion (Q4 2011: RM0.3 billion).

On net basis, the income outlay widened by RM3.3 billion to RM8.6 billion from RM5.3 billion recorded in the preceding quarter, specifically due to higher net outlay on investment income of RM7.8 billion from RM4.5 billion.


Year-on-year, income receipts (credit) recorded RM9.6 billion from RM12.2 billion, lessen by RM2.6 billion (-21.3 per cent), due to lower investment income which recorded RM8.6 billion (Q1 2011: RM11.3 billion). This was affected by lower receipts on DIA RM3.2 billion (Q1 2011: RM7.3 billion). In the meantime, income payments remained the same amounting to RM18.2 billion as at first quarter last year. On net basis, the income account recorded higher payments RM8.6 billion from RM6.0 billion.


Current Transfers

In the first three months of 2012, current transfers continued to record net payments RM5.3 billion. Both receipts and payments saw an increase amounting to RM1.5 billion (Q4 2011: RM1.4 billion) and RM6.8 billion (Q4 2011: RM6.7 billion), respectively.

Year-on-year, net payments on current transfers widened by RM0.3 billion or 6.0 per cent to RM5.3 billion in comparison to RM5.0 billion in the same quarter of last year.


CAPITAL ACCOUNT


In Q1 2012, capital account posted higher net outflow of RM166.0 million from RM55.0 million in Q4 2011. This was mainly due to higher net payments on capital transfers to RM93.0 million from RM17.0 million.


Year-on-year, capital account showed a higher net outflow by RM118.0 million (Q1 2011: -RM48.0 million). This was mainly due to higher net payments on capital transfers to RM93.0 million from RM18.0 million.


FINANCIAL ACCOUNT


During January - March 2012, financial account recorded a higher net outflow of RM10.3 billion from RM0.2 billion posted in previous quarter. This higher net outflow was mainly attributed to:

  • other investment: reverted to net outflow RM26.1 billion from net inflow RM11.0 billion; and
  • direct investment: higher net outflow of RM9.4 billion from RM8.2 billion.

Year-on-year the net outflow in financial account widened by RM3.7 billion from RM6.6 billion a year ago. This was mainly due to outflows of other investment which increased to RM26.1 billion (Q1 2011: -RM15.3 billion) and reversal in direct investment to a net outflow of RM9.4 billion from a net inflow of RM0.1 billion.


Direct Investment

Direct investment registered a net outflow of RM9.4 billion from RM8.2 billion last quarter, of which:

  • DIA: higher net outflow of RM16.9 billion (Q4 2011: -RM14.7 billion). The major sectors attributed to DIA were wholesale & retail trade, financial & insurance, and health services. The top three immediate investing countries were Jersey, Turkey, and Hong Kong.
  • FDI: higher net inflow of RM7.5 billion (Q4 2011: RM6.5 billion). FDI inflows were primarily channelled into oil & gas, financial & insurance, and manufacturing sectors. The top three sources of FDI were Philippines, Japan, and Cayman Island.

Year-on-year, direct investment turned around to net outflow of RM9.4 billion from net inflow of RM0.1 billion in Q1 2011. This was contributed by:
  • DIA: higher net outflow by RM5.8 billion to RM16.9 billion (Q1 2011: RM11.1 billion); and
  • FDI: lower net inflow by RM3.8 billion to RM7.5 billion (Q1 2011: RM11.3 billion).

Portfolio Investment

The portfolio investment switched to net inflow of RM25.3 billion from net outflow of RM2.7 billion previously. Meanwhile year-on-year, portfolio investment registered higher net inflow by RM16.9 billion to RM25.3 billion.


Other Investment

In the current quarter, other investment reverted to a net outflow of RM26.1 billion from a net inflow of RM11.0 billion. This was attributable to a turnaround in the private sector to -RM25.6 billion from a net inflow of RM11.1 billion.

While year-on-year, net outflow in other investment widened by RM10.8 billion to RM26.1 billion (Q1 2011: -RM15.3 billion).


Reserve Assets

The international reserves of Bank Negara Malaysia decreased by RM7.2 billion in Q1 2012 as compared to an increase of RM6.2 billion in Q4 2011, stood at RM416.1 billion as at end of March 2012.

 

Download :
Table 1: Malaysia - Quarterly Balance Of Payments (Net), 2009 - 2012
Table 2: Malaysia - Components Of The Current Account, 2009 - 2012
Table 3: Malaysia - Components Of The Capital & Financial Account And Reserve Assets, 2009 - 2012
You are here: