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.
Taiwan Trade Balance
Exports bounce back in September
October 8, 2012
Looking for forecasts related to Trade Balance in Taiwan? Download a sample report now.
Taiwan Trade Balance Chart
Taiwan Economic News
October 9, 2016
In September, the trade surplus totaled USD 4.4 billion, according to data from the Ministry of Finance.
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.
October 3, 2016
Taiwanese manufacturers registered better business conditions for the fourth consecutive month in September.
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.
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.