Malaysia Q2 Current Account Surplus Smallest Since 1999

Malaysia's current account surplus narrowed sharply to MYR 2.0 billion in the fourth quarter of 2025 from MYR 12.9 billion in the same period last year, as the goods account surplus fell to MYR 23.6 billion from MYR 36.9 billion in the fourth quarter of 2024. At the same time, the services account recorded a surplus of MYR 5.0 billion, shifting from a MYR 1.0 billion deficit, supported by a jump in the construction sector surplus, gains in insurance and pension services, and other business services, which swung from a deficit in Q4 2024. Additionally, the primary income account gap widened to MYR 23.5 billion compared to MYR 17.1 billion recorded in the same period last year. Meanwhile, the secondary income deficit dropped to MYR 3.1 billion in the fourth quarter of 2025 from MYR 5.9 billion a year earlier.

Malaysia's current account surplus widened sharply to MYR 12.2 billion in the third quarter of 2025 from MYR 1.8 billion in the same period last year, as the goods account surplus rose to MYR 33.3 billion from MYR 22.4 billion in the third quarter 2024. At the same time, the services account recorded a surplus of MYR 0.7 billion, shifting from a MYR 0.8 billion deficit, supported by a jump in surplus of the construction sector, gains in travel, and smaller deficits in insurance and pension services and other business services. The secondary income deficit also narrowed to MYR 1.8 billion in the third quarter of 2025 from MYR 2.4 billion a year earlier. In contrast, the primary income account gap widened to MYR 19.9 billion compared to the MYR 17.4 billion recorded in the same period last year.

Malaysia's current account surplus narrowed sharply to MYR 0.3 billion in the second quarter of 2025 from MYR 4.3 billion in the corresponding period of the previous year. This marked the smallest current account surplus since records began in 1999, as the goods account surplus dropped to MYR 17 billion from MYR 24 billion in the second quarter of 2024. Moreover, the secondary income gap widened to MYR 4.6 billion from MYR 1.2 billion. In contrast, the primary income deficit fell to MYR 8.9 billion from MYR 14.8 billion, and the services account deficit decreased to MYR 3.3 billion in the second quarter of 2025 from MYR 3.7 billion a year earlier.