The Central Bank of Taiwan published balance of payments data for the fourth quarter of 2024, reporting a current account surplus of USD 34.40 billion, a net asset increase of USD 30.70 billion on the financial account, and a USD 4.14 billion increase in the Bank’s reserve assets. For the full year 2024, the balance of payments showed a current account surplus of USD 113.83 billion, a net asset increase of USD 94.39 billion on the financial account, and a USD 10.88 billion rise in reserve assets. Within the current account, the goods trade surplus fell year on year by USD 3.70 billion to USD 26.32 billion as imports rose more than exports, while the services deficit widened to USD 1.99 billion mainly due to higher travel expenditures. The primary income surplus increased to USD 11.45 billion, driven by higher residents’ income from outward direct investment, and the secondary income deficit was unchanged at USD 1.39 billion. On the financial account, direct investment recorded a net asset increase of USD 4.18 billion, portfolio investment a net asset increase of USD 25.07 billion, financial derivatives a net asset increase of USD 0.43 billion, and other investment a net asset increase of USD 1.02 billion. The next balance of payments data release is scheduled for 16:20 on May 20, 2025.

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