The current account surplus in Taiwan increased by USD 4.35 billion to USD 21.77 billion in the second quarter of 2020 from USD 17.42 billion in the same period of the previous year. It was the largest current account surplus since the first quarter of 2018, as the goods surplus widened to USD 15.49 billion from USD 14.40 billion a year earlier and the services account shifted to a USD 0.75 billion surplus from a USD 1.22 billion deficit. Additionally, the primary income surplus went up to USD 6.23 billion from USD 4.8 billion in Q2 2019. On the other hand, the secondary income gap increased to USD 0.70 billion from USD 0.57 billion. Considering the first half of the year, the country recorded a USD 39.88 billion surplus.

Current Account in Taiwan averaged 6474.64 USD Million from 1981 until 2020, reaching an all time high of 27901 USD Million in the fourth quarter of 2017 and a record low of -851 USD Million in the first quarter of 1981. This page provides - Taiwan Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Taiwan Current Account - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

Current Account in Taiwan is expected to be 17242.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Taiwan to stand at 17921.00 in 12 months time. In the long-term, the Taiwan Current Account is projected to trend around 19550.00 USD Million in 2021 and 21600.00 USD Million in 2022, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Taiwan Current Account

Actual Previous Highest Lowest Dates Unit Frequency
21769.00 18110.00 27901.00 -851.00 1981 - 2020 USD Million Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-11-20 08:20 AM Q3 $12.48B $17.56B $20.0B
2020-02-20 08:20 AM Q4 $17.02B $12.93B $21.2B
2020-05-20 08:20 AM Q1 $18.16B $17.02B $20.8B
2020-08-20 08:20 AM Q2 $21.77B $18.11B $13.5B


News Stream
Taiwan Posts Largest Trade Surplus in Over 2 Years
The current account surplus in Taiwan increased by USD 4.35 billion to USD 21.77 billion in the second quarter of 2020 from USD 17.42 billion in the same period of the previous year. It was the largest current account surplus since the first quarter of 2018, as the goods surplus widened to USD 15.49 billion from USD 14.40 billion a year earlier and the services account shifted to a USD 0.75 billion surplus from a USD 1.22 billion deficit. Additionally, the primary income surplus went up to USD 6.23 billion from USD 4.8 billion in Q2 2019. On the other hand, the secondary income gap increased to USD 0.70 billion from USD 0.57 billion. Considering the first half of the year, the country recorded a USD 39.88 billion surplus.
2020-08-20
Taiwan Current Account Surplus Widens in Q1
The current account surplus in Taiwan increased by USD 1.05 billion to USD 18.16 billion in the Q1 2020 from USD 17.11 billion in the corresponding period of the previous year. The services deficit shrank by USD 0.38 billion to USD 0.61 billion, mainly due to the narrowing of the travel revenue and expenditure deficit. Meanwhile, the goods surplus went down by USD 0.19 billion to USD 12.41 billion, as exports fell by USD 2.48 billion and imports shrank by USD 2.29 billion, amid the spread of the Covid-19 epidemic which impacted the supply and demand side of the global economy as well as prices of international raw materials. Meantime, the primary income surplus rose by USD 0.94 billion to USD 7.21 billion, due to the reduction in foreign interest paid by banks. Also, the secondary income shortfall increased by USD 0.1 billion to USD 0.85 billion, mainly due to an increase in workers' remittances.
2020-05-20
Taiwan Current Account Surplus Narrows in Q4
The current account surplus in Taiwan decreased by USD 0.35 billion to USD 17.02 billion in the Q4 2019 from USD 17.74 billion in the corresponding period of the previous year. The goods surplus went down by USD 2.66 billion to USD 14.31 billion, as exports decreased by USD 0.2 billion amid slower global economic growth and a broad downtrend in international raw material prices, while imports increased by USD 0.3 billion. Meantime, the services gap widened by USD 0.51 billion to USD 1.11 billion, mainly due to a decrease in travel receipts. In addition, the primary income surplus fell by USD 0.23 billion to USD 4.77 billion while the secondary income shortfall increased by USD 0.10 billion to USD 0.95 billion. For the year of 2019 as a whole, the country recorded a current account surplus of USD 64.35 billion.
2020-02-20
Taiwan Current Account Surplus Rises in Q3
The current account surplus in Taiwan widened to USD 12.48 billion in Q3 2019 from USD 10.9 billion a year earlier. The goods surplus increased (USD 16.2 billion from USD 15.7 billion), with exports declining to USD 85.13 billion as the US-China trade conflict remained unresolved, uncertainties over the global economy and trade were still high, and international raw material prices displayed a broad downtrend. Imports also shrank to USD 68.97 billion because of weaker export-derived demand. Also, the deficits narrowed for the services account (USD -1.9 billion from USD -2.3 billion) amid increased receipts from professional and management consulting services; primary income (USD -1.2 billion from USD -1.7 billion), mainly owing to reduced outward payments for nonresidents' direct investment income; and the secondary income (USD -0.57 billion from USD -0.84 billion), mainly because inward remittances for family allowances/support and workers' remittances increased.
2019-11-20

Taiwan Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).