The current account surplus in Taiwan decreased by USD 6.99 billion to USD 18.65 billion in the Q4 2018 from USD 25.64 billion in Q4 2017. The goods surplus went down to USD 17.47 billion from USD 22.92 billion, as exports decreased by USD 6.25 billion affected by the slowdown in global growth and higher base periods while imports shrank by USD 0.80 billion. The primary income surplus also narrowed to USD 2.79 billion from USD 4.99 billion, as foreign direct investment income fell to USD 2.68 billion from USD 4.36 billion. Meanwhile, the services deficit declined to USD 0.78 billion from USD 1.51 billion, mainly due to the decrease in processing fee and the increase in transportation revenue; and the secondary income shortfall rose slightly to USD 0.83 billion from USD 0.77 billion in Q4 2017, explained by the large amount of trade liquidated damages in the same quarter last year. In 2018, the current account surplus shrank to USD 68.26 billion from USD 82.84 billion in 2017. Current Account in Taiwan averaged 6041.74 USD Million from 1981 until 2018, reaching an all time high of 25639 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 21300.00 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 20770.00 in 12 months time. In the long-term, the Taiwan Current Account is projected to trend around 21140.00 USD Million in 2020, according to our econometric models.