FX.co ★ Taiwan Current Account Surplus Narrows Slightly in Q1

In the first quarter of 2025, Taiwan reported a slight decrease in its current account surplus, which stood at USD 30.23 billion, compared to the previous year's revised figure of USD 30.53 billion. The services deficit widened to USD 2.98 billion from USD 2.25 billion, largely due to increased travel expenses. The primary income surplus saw a reduction, falling to USD 6.95 billion from USD 9.46 billion, primarily attributed to decreased earnings from residents' overseas direct investments. On the other hand, the goods surplus expanded to USD 27.23 billion, up from USD 24.53 billion, fueled by strong demand for emerging technology applications and advance orders from foreign companies that boosted exports. Additionally, the secondary income deficit decreased to USD 0.98 billion from USD 1.21 billion.