The current account surplus in Taiwan rose by $9.03 billion to $25.96 billion in Q1 of 2021 from $16.93 billion a year ago. It was the third largest current account surplus ever recorded, as the goods surplus increased by $6.33 billion to $18.75 billion, mainly owing to orders for emerging technology applications and a rebound in business for manufacturing goods. Meantime, the services account shifted to a $2.83 billion surplus compared to a $0.60 billion deficit, due to an increase in freight surplus and a narrow travel deficit. On the other hand, the primary income account surplus fell by $0.96 billion to $4.99billion, amid decreases in banks’ overseas interest income. The secondary income account gap shrank by $0.24 billion to $0.61 billion deficit, mainly because of decreases in outward remittances both by residents to supplement overseas family and by migrant workers. source: Central Bank of the Republic of China (Taiwan)
Current Account in Taiwan averaged 6853.08 USD Million from 1981 until 2021, 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 July of 2021.
Current Account in Taiwan is expected to be 17921.00 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 22500.00 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.