The current account surplus in Taiwan rose by USD 4.85 billion to USD 30.68 billion in the first quarter of 2022 from USD 25.83 billion a year ago. It was the second-largest current account surplus ever recorded, as the goods surplus increased by USD 1.70 billion to USD 20.47 billion, owing to the global economic recovery and sustained demand for digital transformation and emerging technology applications. The services account surplus also widened by USD 1.54 billion to USD 4.34 billion, mainly reflecting an increase in freight proceeds. source: Central Bank of the Republic of China (Taiwan)

Current Account in Taiwan averaged 7412.95 USD Million from 1981 until 2022, reaching an all time high of 32073 USD Million in the fourth quarter of 2021 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 July of 2022.

Current Account in Taiwan is expected to be 22500.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Taiwan Current Account is projected to trend around 21600.00 USD Million in 2023, 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



Calendar GMT Actual Previous Consensus TEForecast
2022-02-23 08:20 AM Q4 $32.19B $26.1B $24.5B
2022-05-20 08:20 AM Q1 $30.68B $32.07B $29.8B
2022-08-19 08:20 AM Q2 $30.68B


Related Last Previous Unit Reference
Current Account 30679.00 32073.00 USD Million Mar 2022
Current Account to GDP 9.50 10.50 percent of GDP Dec 2020
External Debt 220827.00 213592.00 USD Million Mar 2022
Capital Flows 32455.00 35185.00 USD Million Mar 2022
Remittances 52.00 56.00 USD Million Dec 2015

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).
Actual Previous Highest Lowest Dates Unit Frequency
30679.00 32073.00 32073.00 -851.00 1981 - 2022 USD Million Quarterly

News Stream
Taiwan Posts 2nd Largest Current Account Surplus On Record
The current account surplus in Taiwan rose by USD 4.85 billion to USD 30.68 billion in the first quarter of 2022 from USD 25.83 billion a year ago. It was the second-largest current account surplus ever recorded, as the goods surplus increased by USD 1.70 billion to USD 20.47 billion, owing to the global economic recovery and sustained demand for digital transformation and emerging technology applications. The services account surplus also widened by USD 1.54 billion to USD 4.34 billion, mainly reflecting an increase in freight proceeds. At the same time, the primary income surplus rose by USD 1.67 billion to USD 6.54 billion, mainly owing to an increase in residents' income from outward direct investment; while the secondary income deficit rose by USD 0.06 billion to USD 0.67 billion, mainly because of an increase in outward remittances to supplement family overseas.
2022-05-20
Taiwan Posts Largest Current Account Surplus On Record
The current account surplus in Taiwan rose by USD 5.07 billion to USD 32.19 billion in Q4 of 2021 from USD 27.13 billion a year ago. It was the largest current account surplus ever recorded. The goods trade surplus expanded by USD 1.63 billion to USD 24.29 billion, mainly supported by steady growth in global trade and economic activity, as well as sustained demand for digital transformation and emerging technology applications. Also, the services surplus rose by USD 2.35 billion to USD 3.95 billion owing to an increase in freight proceeds. At the same time, the primary income surplus increased by USD 1.01 billion to USD 4.64 billion due to a rise in residents' income from outward direct investment and the secondary income deficit narrowed by USD 0.08 billion to USD 0.68 billion mainly on account of an increase in receipts from gifts and samples. Considering the full 2021, Taiwan’s current account surplus expanded to USD 116.12 billion compared to USD 94.96 billion in 2020.
2022-02-23
Taiwan Posts 2nd Largest Current Account Surplus On Record
The current account surplus in Taiwan rose by $7.02 billion to $28.04 billion in Q2 of 2021 from $21.02 billion a year ago. It was the second largest current account surplus ever recorded, as the goods surplus increased by $ 5.97 billion to $ 22.17 billion, mainly owing to gradual recovery in the global economy and sustained demand for remote working related products and emerging technology applications. Also, the services surplus rose by $1.58 billion to $2.52 billion, due to an increase in freight proceeds. On the other hand, the primary income account surplus shrank by $0.69 billion to $3.92 billion amid decreases in banks’ overseas interest income and increases in non-residents' income from direct investment. Whereas the secondary income account deficit narrowed by $0.16 billion to $0.56 billion mainly due to an increase in proceeds from gifts and samples.
2021-08-20