Bop Malaysia
Malaysia – Quarterly Balance of Payment in 2010-2012
(RM Million)
This report is focused on the analysis of Malaysia’s balance of payment for last six quarters (from Q3/2011 to Q3/2012). It will show the impact of balance of payment to economy or the financial crisis. The last part of this report will involve the summary and the forecast the Malaysia’s balance of payment in the future.
Third quarter of 2011
Current account: the current account balance recorded a surplus of RM26.6 billion, an increase of RM3.2 billion (13.8 percent). This higher surplus was attributed to: the lower net payments on income of RM3.8 billion higher surplus on goods of RM38.2 billion.
Goods Account: the surplus on goods increased to RM38.2 billion by Exports FOB expanded by RM5.0 billion to record RM176.7 billion. The demands for exports FOB was mainly contributed by electrical & electronic products, palm oil & palm oil based products and liquefied natural gas (LNG). Moreover, Imports FOB posted RM138.5 billion, an increase of RM3.1 billion (2.3 percent). This was attributed to higher value of imports
Services Account: Exports of services registered RM26.6 billion. Meanwhile, imports of services posted RM29.0 billion. On net basis, the services account experienced higher deficit of RM2.4 billion from RM0.7 billion previously. This was mainly due to: 1. lower net receipts in travel account of RM5.5 billion from RM6.7 billion; and 2. higher net payments in transportation account of RM6.7 billion from RM6.3 billion.
Income Account: income receipts recorded RM13.9 billion from RM11.2 billion previously, of which investment income recorded RM13.0 billion and compensation of employees RM0.9 billion. On the payments side, income account registered RM17.8 billion from RM18.0 billion, of which investment income recorded RM16.3 billion and compensation of employees RM1.4 billion. So there was more investment in Malaysia.
Current Transfers: Net payments on current
(RM Million)
This report is focused on the analysis of Malaysia’s balance of payment for last six quarters (from Q3/2011 to Q3/2012). It will show the impact of balance of payment to economy or the financial crisis. The last part of this report will involve the summary and the forecast the Malaysia’s balance of payment in the future.
Third quarter of 2011
Current account: the current account balance recorded a surplus of RM26.6 billion, an increase of RM3.2 billion (13.8 percent). This higher surplus was attributed to: the lower net payments on income of RM3.8 billion higher surplus on goods of RM38.2 billion.
Goods Account: the surplus on goods increased to RM38.2 billion by Exports FOB expanded by RM5.0 billion to record RM176.7 billion. The demands for exports FOB was mainly contributed by electrical & electronic products, palm oil & palm oil based products and liquefied natural gas (LNG). Moreover, Imports FOB posted RM138.5 billion, an increase of RM3.1 billion (2.3 percent). This was attributed to higher value of imports
Services Account: Exports of services registered RM26.6 billion. Meanwhile, imports of services posted RM29.0 billion. On net basis, the services account experienced higher deficit of RM2.4 billion from RM0.7 billion previously. This was mainly due to: 1. lower net receipts in travel account of RM5.5 billion from RM6.7 billion; and 2. higher net payments in transportation account of RM6.7 billion from RM6.3 billion.
Income Account: income receipts recorded RM13.9 billion from RM11.2 billion previously, of which investment income recorded RM13.0 billion and compensation of employees RM0.9 billion. On the payments side, income account registered RM17.8 billion from RM18.0 billion, of which investment income recorded RM16.3 billion and compensation of employees RM1.4 billion. So there was more investment in Malaysia.
Current Transfers: Net payments on current
References: : http://www.statistics.gov.my/portal/index.php?option=com_content&view=article&id=1324%3Aquarterly-balance-of-payments-performance-julyl-september-2011-updated-18112011&catid=103%3Amalaysia-balance-of-payments&Itemid=153&lang=en http://www.statistics.gov.my/portal/index.php?option=com_content&view=article&id=1413%3Abop&catid=103%3Amalaysia-balance-of-payments&Itemid=153&lang=en http://www.statistics.gov.my/portal/index.php?option=com_content&view=article&id=1586%3Abalance-of-payments-first-quarter-2012updated-23052012-&catid=103%3Amalaysia-balance-of-payments&Itemid=153&lang=en http://www.statistics.gov.my/portal/index.php?option=com_content&view=article&id=1700%3Aquarterly-balance-of-payments-performance-april-june-2012-updated-15082012&catid=103%3Amalaysia-balance-of-payments&Itemid=153&lang=en http://www.statistics.gov.my/portal/index.php?option=com_content&view=article&id=1797%3Aquarterly-balance-of-payments-third-quarter-2012-updated-16112012&catid=103%3Amalaysia-balance-of-payments&Itemid=153&lang=en http://www.tradingeconomics.com/malaysia/net-trade-in-goods-and-services-bop-us-dollar-wb-data.html