The current account surplus in Taiwan decreased by USD 0.18 billion to USD 17.56 billion in the Q2 2019 from USD 17.73 billion in the corresponding period of the previous year. The goods surplus went down by USD 3.58 billion to USD 14.42 billion, as exports decreased by USD 8.52 billion affected by an unresolved trade war between the US and China, the slowdown of global economy and lower prices of international raw materials, while imports shrank by USD 0.1 billion. Meanwhile, the services gap decreased by USD 1.16 billion to USD 1.03 billion, mainly amid an increase in travel revenue. In addition, the primary income surplus rose by USD 2.07 billion to USD 4.74 billion while the secondary income shortfall fell by USD 0.17 billion to USD 0.58 billion. Current Account in Taiwan averaged 6197.36 USD Million from 1981 until 2019, reaching an all time high of 28019 USD Million in the fourth quarter of 2017 and a record low of -851 USD Million in the first quarter of 1981.
Current Account in Taiwan is expected to be 19980.00 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 22800.00 in 12 months time. In the long-term, the Taiwan Current Account is projected to trend around 23600.00 USD Million in 2020, according to our econometric models.