For the second quarter of 2025, the overall balance of payments registered a current account surplus of US$36.23 billion, a net asset increase of US$18.53 billion on the financial account, and an increase of US$16.00 billion in the Bank's reserve assets.

I. Current Account

The current account surplus recorded an increase of US$13.07 billion over the same quarter of the previous year.

1. The goods trade surplus rose by US$15.04 billion year on year to US$36.18 billion. This was mainly due to an expansion in exports, underpinned by rising demand for emerging technology applications and inventory front-loading by overseas firms.

2. The services account deficit widened by US$0.05 billion a year ago to US$4.27 billion, mainly because of an increase in construction expenditures.

3. Primary income surplus shrank by US$1.00 billion year on year to US$6.32 billion, mainly reflecting a decrease in residents' income from outward direct investment.

4. The secondary income deficit widened by US$0.91 billion to US$2.00 billion, mainly owing to an increase in workers' outward remittances.

II. Financial Account

1. The direct investment account posted a net asset increase of US$16.06 billion. Of the components, outward direct investment by residents and inward direct investment by nonresidents recorded net increases of US$19.01 billion and US$2.95 billion, respectively.

2. The portfolio investment account registered a net asset decrease of US$20.9 billion. Of the components, residents' portfolio investment abroad exhibited a net decrease of US$7.00 billion, mainly because insurance companies reduced overseas debt securities holdings. Nonresidents' portfolio investment recorded a net increase of US$13.99 billion, mainly attributable to an increase in Taiwanese equity holdings by foreign investors.

3. The financial derivatives account displayed a net asset decrease of US$1.34 billion, mainly owing to a decrease in assets as other financial institutions received gains from disposal of financial derivatives.

4. The account of other investment registered a net asset increase of US$24.80 billion, mainly reflecting an increase in banks' deposits with overseas branches.

III. BOP Summary （Q1-Q2, 2025）

For the first two quarters of 2025, the overall balance of payments posted a current account surplus of US$65.99 billion, a net asset increase of US$46.20 billion on the financial account, and an increase of US$15.92 billion in the Bank's reserve assets.

Notes:

1. The next balance of payments data will be released at 16:20 on November 20, 2025.

2. For the release schedule for the coming months, please visit the Advance Release Calendar on the Bank's website.