KUALA LUMPUR, Aug. 14 (Xinhua) -- Malaysia's current account balance recorded a surplus of 10.8 billion ringgit (about 2.64 billion U.S. dollars) in the second quarter of 2026, supported by a stronger goods surplus that offset a deterioration in the services account, the Department of Statistics Malaysia said on Friday.

Photo taken on March 11, 2022 shows the scenery of Kuala Lumpur, Malaysia. (File photo: Xinhua)

The goods surplus increased substantially to 40.7 billion ringgit, while the services account turned to a deficit of 700 million ringgit from a surplus of 6.4 billion ringgit in the preceding quarter.

The current account surplus was supported by strong demand for electrical and electronics products, petroleum products, and machinery, equipment and parts.

Goods imports rose 21.7 percent quarter-on-quarter to 318.6 billion ringgit.

Foreign direct investment (FDI) recorded a net inflow of 7.4 billion ringgit, down from 22.8 billion ringgit in the first quarter. The services sector, particularly information and communication, attracted the largest share of FDI, followed by manufacturing.

Direct investment abroad moderated to a net outflow of 7 billion ringgit from 8.1 billion ringgit previously. Singapore, Angola and the Netherlands were the main investment destinations.