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Malaysia's Direct Investment Abroad Saw Higher Net Outflow Of RM33.9 Billion In 2024
Malaysia's Direct Investment Abroad (DIA) saw a notable increase in net outflow in 2024, reaching RM33.9 billion, up from RM30.1 billion in 2023. This marks a continued trend of Malaysian entities expanding their global footprint, although the overall DIA position experienced a slight decline.
According to data released by the Department of Statistics Malaysia (DOSM) today, income generated from DIA climbed to RM43.2 billion in 2024, an improvement from RM40.9 billion in the previous year. However, the total DIA position, representing the accumulated value of Malaysian investments abroad, decreased from RM638.8 billion in 2023 to RM622.1 billion by the end of 2024.
The Services sector was the primary driver of Malaysia's DIA net outflow, accounting for the largest share with RM28.7 billion. This highlights the growing internationalisation of Malaysian service-oriented businesses. Other significant contributions to outflows came from the Mining & Quarrying sector (RM4.3 billion) and the Construction sector (RM1.4 billion).
Similarly, the Services sector also led in income generation from DIA, contributing a substantial RM31.4 billion. Following closely were the Mining & Quarrying sector with RM5.3 billion in income, and the Manufacturing sector, which recorded RM3.5 billion.
In terms of the accumulated DIA position, DOSM said the Services sector remained the dominant contributor, totaling RM463.7 billion at the end of 2024, an increase from RM459.6 billion in 2023. This was trailed by the Mining & Quarrying sector (RM66.1 billion) and the Agriculture sector (RM46.5 billion).
Geographically, Asia continued to be the largest recipient of Malaysian DIA flows, attracting RM26.5 billion. The primary destinations within Asia for these investments were Singapore and Indonesia.
Asia proved to be the most lucrative region for Malaysian investments abroad, generating the highest income from DIA in 2024, amounting to RM26.6 billion. By the close of 2024, Asia maintained its lead in terms of DIA position, holding RM349.7 billion, further cementing its role as a key market for Malaysian companies venturing overseas. Related
