Taiwan Trade Balance


Exports accelerate in October

In October, exports increased 21.9% over the same month last year to reach USD 24.2 billion, which was above the 17.5% rise in September. The reading marked a rebound after two months of decelerating exports and beat market expectations of a 15.8% increase. The acceleration reflected a 24.7% year-on-year surge in exports of electronic products, which came in above the 19.6% expansion recorded in September. Moreover, exports of basic metals added 22.2% yoy (September: +21.5% yoy), while those of plastics and rubber expanded 28.9% yoy (September: +21.5% yoy). Imports also accelerated, albeit less markedly, from a 25.0% expansion in September to a 27.9% increase in October. As a result, the trade surplus rose from USD 1.8 billion in September to USD 3.0 billion. Despite the strong recovery observed throughout the year, exports remain below pre-crisis levels, as the moving 3-month sum fell to USD 70.6 billion in October, which is still below the peak of USD 72.4 billion reached in August 2008.


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Taiwan Economic News

  • Taiwan: Exports fall and trade surplus narrows in September

    October 9, 2016

    In September, the trade surplus totaled USD 4.4 billion, according to data from the Ministry of Finance.

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  • Taiwan: Inflation moderates further in September

    October 5, 2016

    In September, consumer prices increased 0.45% over the previous month, which was a rebound from the 0.03% fall recorded in August.

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  • Taiwan: Manufacturing PMI hits two-year high in September

    October 3, 2016

    Taiwanese manufacturers registered better business conditions for the fourth consecutive month in September.

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  • Taiwan: Central Bank halts easing cycle on healthy economic growth

    September 29, 2016

    At its quarterly monetary policy meeting on 29 September, the Central Bank of the Republic of China (Taiwan) decided to leave the discount rate unchanged at 1.375%, which was a decision that markets had expected, although some analysts had foreseen a further reduction to the key policy rate. The Central Bank has cut the main monetary policy rate four times since September 2015 by a total of 50 basis points and this time the authority decided to leave interest rates unchanged “against a back drop of moderate global growth and renewed momentum for the domestic economy, along with a mild inflation outlook for next year.” Regarding global developments and how they affect the Taiwanese economy, the Central Bank stated that the global economy continues to decelerate as a result of slower economic growth in the U.S., a still tepid recovery in the Eurozone economy and sluggish economic activity in Japan.

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  • Taiwan: Industrial production benefits from Apple’s new iPhone debut

    September 27, 2016

    Taiwan’s industrial output increased substantially in August, backed by a base effect but also due to strong growth in semiconductor manufacturers’ output, which benefited from the debut of Apple’s latest iPhone model.

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