The current account surplus in Taiwan increased by USD 15 billion to USD 28.65 billion in the third quarter of 2020 from USD 13.65 billion in the same period of 2019. It was the largest current account surplus on record, as the goods surplus rose by USD 6.96 billion to USD 23.47 billion, driven by orders for technology applications related to remote-working and 5G network and greater restocking demand for the latest electronic products. Meantime, the services account shifted to a USD 1.68 billion surplus compared to a USD 1.85 billion deficit, on a smaller travel deficit. Also, the primary income account shifted to a USD 4.34 billion surplus compared to a USD 0.45 billion gap in Q3 2019, amid an increase in residents' income from outward foreign direct investment. Meanwhile, the secondary income gap went up by USD 0.26 billion to USD 0.83 billion, due to an increase in workers' outward remittances. source: Central Bank of the Republic of China (Taiwan)

Current Account in Taiwan averaged 6597.86 USD Million from 1981 until 2020, reaching an all time high of 28651 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 November of 2020.

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 19500.00 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.

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Taiwan Current Account

Actual Previous Highest Lowest Dates Unit Frequency
28651.00 20453.00 28651.00 -851.00 1981 - 2020 USD Million Quarterly


Calendar GMT Actual Previous Consensus TEForecast
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
2020-11-20 08:20 AM Q3 $28.65B $21.77B $17.2B
2021-02-20 08:20 AM Q4 $28.65B
2021-05-20 08:20 AM Q1
2021-08-20 08:20 AM Q2
2021-11-20 08:20 AM Q3


News Stream
Taiwan Posts Widest Current Account Surplus on Record
The current account surplus in Taiwan increased by USD 15 billion to USD 28.65 billion in the third quarter of 2020 from USD 13.65 billion in the same period of 2019. It was the largest current account surplus on record, as the goods surplus rose by USD 6.96 billion to USD 23.47 billion, driven by orders for technology applications related to remote-working and 5G network and greater restocking demand for the latest electronic products. Meantime, the services account shifted to a USD 1.68 billion surplus compared to a USD 1.85 billion deficit, on a smaller travel deficit. Also, the primary income account shifted to a USD 4.34 billion surplus compared to a USD 0.45 billion gap in Q3 2019, amid an increase in residents' income from outward foreign direct investment. Meanwhile, the secondary income gap went up by USD 0.26 billion to USD 0.83 billion, due to an increase in workers' outward remittances.
2020-11-20
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
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).