Date: May 22, 2017
By: Staff writer, with CNA
Taiwanese spent far more on overseas travel than foreign nationals spent on travel in Taiwan in the first quarter of this year, the fifth consecutive quarter in which the nation ran a travel deficit.
The nation’s travel revenue totaled US$2.94 billion in the first quarter, while overseas travel expenses totaled US$4.26 billion, resulting in a deficit of US$1.32 billion, according to balance of payment statistics released by the central bank on Friday.
It was the second-highest quarterly deficit in the past seven years, which saw soaring numbers of foreign visitors, behind only the US$1.63 billion deficit in the third quarter of last year. [FULL STORY]