Taiwan Trade Balance


Exports bounce back in September

In September, exports expanded 10.4% over the same month last year to USD 27.2 billion. The figure contrasted the 4.2% drop observed in August and widely exceeded market expectations of a 1.0% rise. The reading marks the first increase in exports following six months of consecutive declines. The monthly rise mainly reflected a surge in shipments of mineral products. Meanwhile, imports added a milder 1.3%, which contrasted the 7.6% drop recorded in the previous month. As a result, the trade surplus reached USD 4.1 billion in September, up from the USD 1.8 billion surplus recorded in the same month last year. The figure exceeded market expectations of a USD 2.6 billion surplus and marked, in fact, the largest surplus recorded in nearly five years.


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Taiwan Trade Balance Chart

Taiwan Trade September 2012

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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