Taiwan's current account surplus increased slightly from last year in the first quarter, data released by the central bank showed Monday.
The current account surplus rose to $10.93 billion in the first quarter from $10.65 billion in the same period last year. In the fourth quarter, the trade balance was a surplus of $12.3 billion.
The goods trade account showed a surplus of $5.89 billion during the three-month period, higher than the $5.38 billion surplus recorded a year earlier. The surplus in the services account dropped to $0.89 billion from $1.19 billion in the first quarter of 2011.
There was a $4.80 billion surplus in the income account in the first quarter, compared to the $5.39 billion surplus recorded in the same quarter last year.
Meanwhile, the balance in the current transfers account was a deficit of $0.64 billion in the three months ended March, down from last year's deficit of $1.31 billion, data showed.
by RTT Staff Writer
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