140204Australia Current Account Surplus Widens in Q43/2/2021 12:42:00 AM"Australia's current account surplus widened to AUD 14.52 billion in the fourth quarter of 2020, from an upwardly revised AUD 10.71 billion in the previous period and above market expectations of AUD 13.1 billion, as the goods surplus increased sharply to AUD 14.25 billion from AUD 9.66 billion. Meanwhile, the services surplus declined slightly to AUD 3.87 billion from AUD 4.04 billion in the previous three-month period, while the primary income gap rose to AUD 3.17 billion from AUD 2.72 billion and the secondary income deficit went up to AUD 0.43 billion from AUD 0.27 billion."AustraliaCurrent AccountAUCABAL/australia/current-account1
140154Canada Current Account Gap Lower than Expected3/1/2021 1:37:00 PM"Canada's current account deficit narrowed by CAD 3.2 billion to CAD 7.3 billion in the fourth quarter of 2020, compared to market forecasts of CAD 8.3 billion. This reduction reflected a higher investment income surplus and, to a lesser extent, a lower trade in goods and services deficit. Investment income receipts were up after three consecutive quarterly reductions, while payments were down for the fourth quarter in a row. The investment income surplus rose by CAD 3 billion to CAD 4.2 billion, almost entirely as a result of higher profits earned by Canadian direct investors abroad, as direct investment profits earned by foreigners in Canada edged up slightly. At the same time, the deficit in trade in goods and services dropped by CAD 421 million to CAD 9.2 billion, driven by a lower trade in goods deficit and a higher trade in services surplus. Considering full 2020, the current account deficit dropped by CAD 4.7 billion to CAD 42.7 billion."CanadaCurrent AccountCACURENT/canada/current-account1
139959Taiwan Posts 2nd Largest Current Account Surplus on Record2/26/2021 10:46:00 AM"The current account surplus in Taiwan rose by $10.37 billion to $27.33 billion in the Q4 of 2020 from $16.96 billion a year ago. It was the 2nd largest current account surplus ever recorded, as the goods surplus increased by $8.90 billion to $23.04 billion, mainly boosted by orders for emerging technology applications and remote working-related products, as well as rising demand for traditional manufacturing goods. Meantime, the services account shifted to a $1.38 billion surplus compared to a $1.08 billion deficit, due to an increase in freight proceeds and a smaller travel deficit. On the other hand, the primary income account surplus fell by $1.11 billion to $3.66 billion, amid decreases in residents' income from outward foreign direct investment and in banks' overseas interest income. The secondary income gap fell by $0.18 billion to $0.75 billion, on lower expenditures on gifts and samples. In 2020, the country's current account surplus rose by $29.1 billion to $94.3 billion."TaiwanCurrent AccountTaiwanCA/taiwan/current-account1