Taiwan Current Account Surplus Shrinks In Q3

Taiwan's current account surplus decreased in the third quarter, data from the Central Bank of the Republic of China (Taiwan) showed on Monday.

The current account surplus fell to $20.71 billion in the September quarter from $26.86 billion in the corresponding period last year.

The goods trade surplus shrank by $4.56 billion yearly to $16.84 billion, mainly because of a larger increase in imports than exports.

Meanwhile, the surplus in service accounts rose to $3.75 billion from $3.25 billion.

The capital account balance showed a shortfall of $0.01 billion in the third quarter, the same as last year.

The surplus in the financial account was $23.85 billion versus $27.85 billion a year ago.

The overall balance of payments recorded a surplus of $75.03 billion in the first three quarters of 2022.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Health insurer Humana Inc. reported Wednesday a net loss for the fourth quarter that slightly widened from last year, hurt primarily by charges associated with productivity initiatives, despite 6.6 percent revenue growth. Adjusted earnings for the quarter topped analysts' expectations, while quarterly revenues missed it by a whisker. South Plainfield, New Jersey-based Two Rivers Coffee is recalling its peanut butter single serve hot chocolate pods citing an undeclared peanut allergen, the U.S. Food Drug Administration said. The recall involves peanut butter single serve hot chocolate pods distributed as "Brooklyn Bean Peanut Butter Cup Hot Cocoa", "Pingo Peanut Butter Cookie Hot Chocolate" and ... Shares of Novartis AG were losing around 2 percent in the early morning trading in Switzerland after the drug major reported Wednesday sharply lower profit in its fourth quarter with weak sales as well as the absence of prior year's hefty Roche income. Adjusted earnings, however, topped market estimates, while top line missed their view. Further, the company announced higher dividend...
Follow RTT