Current Account in Taiwan
Taiwan - Current AccountThe economy slowed again in the first quarter of 2019 after a meek showing in the previous quarter, as weak export demand continued to restrain momentum. Export growth ticked down, likely due to contracting goods exports; imports, however, also slowed markedly, which supported the headline growth print. Meanwhile, domestic demand also weakened somewhat: Private consumption growth edged down despite a rebound in the stock market, while government consumption contracted and total investment also slowed. Turning to Q2, the picture remains bleak, with March export orders and April trade data indicating that exports likely contracted throughout the quarter. Moreover, Taiwan is extremely vulnerable to the possible imposition of new tariffs on Chinese imports from the U.S.—including tech products—which will likely weigh on business sentiment and investment in the quarter.
Taiwan - Current Account Data
|Current Account (% of GDP)||9.7||11.4||14.1||13.7||14.4|
5 years of economic forecasts for more than 30 economic indicators.
Taiwan Current Account Chart
Source: Central Bank of China and FocusEconomics calculations.
|Bond Yield||0.75||1.28 %||May 13|
|Exchange Rate||31.11||0.07 %||May 13|
|Stock Market||10,558||0.37 %||May 13|
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May 7, 2019
Consumer prices rose 0.75% in April from the previous month, contrasting the 0.62% decline logged in March.
May 7, 2019
Merchandise exports fell 3.3% in annual terms in April, which was less severe than the 4.4% contraction registered in March but still marked the sixth consecutive month of decline in Taiwan’s trade sector.
May 2, 2019
Operating conditions in the Taiwanese manufacturing sector continued to deteriorate in April for the seventh month running, and at a slightly faster pace than in March.
April 30, 2019
Economic growth slightly slowed in the first quarter of 2019 from the fourth quarter’s paltry performance as domestic demand lost momentum, while low export demand for electronics continued to weigh on the country’s core growth engine.
April 23, 2019
Industrial output declined 9.9% year-on-year in March, marking the worst fall in the production index since January 2012 and the fourth consecutive month of contraction in the sector.