FX.co ★ Malaysia Posts Largest Current Account Surplus in 3-1/2 Years

Malaysia’s current account surplus widened to MYR 15.16 billion in the first quarter of 2026, up from MYR 13.85 billion in the same period a year earlier. This marked the largest surplus since Q4 2022, driven by strong performance in the goods account and continued improvement in the services account.

The goods account surplus rose to MYR 33.60 billion, compared with MYR 32.86 billion in the first quarter of 2025. At the same time, the services account recorded a surplus of MYR 6.45 billion, reversing a MYR 2.19 billion deficit a year earlier, buoyed by robust gains in manufacturing services, travel services, and maintenance & repair services.

By contrast, the primary income account deficit widened to MYR 20.87 billion from MYR 15.38 billion in the same period last year. The secondary income deficit also increased, reaching MYR 4.02 billion in the first quarter of 2026, up from MYR 1.45 billion a year earlier.