The current account surplus in Taiwan rose by $10.37 billion to $27.33 billion in Q4 of 2020 from $16.96 billion a year ago. It was the 2nd largest current account surplus ever recorded, as the goods surplus increased by $8.90 billion to $23.04 billion, mainly boosted by orders for emerging technology applications and remote working-related products, as well as rising demand for traditional manufacturing goods. Meantime, the services account shifted to a $1.38 billion surplus compared to a $1.08 billion deficit, due to an increase in freight proceeds and a smaller travel deficit. On the other hand, the primary income account surplus fell by $1.11 billion to $3.66 billion, amid decreases in residents' income from outward foreign direct investment and in banks' overseas interest income. The secondary income gap fell by $0.18 billion to $0.75 billion, on lower expenditures on gifts and samples. In 2020, the country's current account surplus rose by $29.1 billion to $94.3 billion. source: Central Bank of the Republic of China (Taiwan)
Current Account in Taiwan averaged 6733.69 USD Million from 1981 until 2020, reaching an all time high of 29562 USD Million in the third quarter of 2020 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 April of 2021.
Current Account in Taiwan is expected to be 18228.00 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 19550.00 in 12 months time. In the long-term, the Taiwan Current Account is projected to trend around 21600.00 USD Million in 2022, according to our econometric models.