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Malaysia's current account surplus at 9 year high of RM62.1b


Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the current account surplus in the last quarter was mainly due to higher net exports of goods at RM42.9 billion.
KUALA LUMPUR: Malaysia posted a current account surplus of RM62.1 billion in 2020, the highest in nine years, steered by a favourable performance of the goods account, and narrower deficit in primary income and secondary income, said the Department of Statistics Malaysia (DoSM).
For the final quarter of 2020, the country’s current account continued a surplus by recording RM19.0 billion, led by higher net exports of goods and smaller deficit in primary income. ....

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