Taiwan Trade Balance


Exports continue to grow robustly in December

In December, exports increased 19.1% over the same month the year before to reach USD 23.8 billion. The increase was below both the 21.8% rise recorded in November and market expectations of a 20.0% expansion. The strong result reflected a 20.5% year-on-year expansion in exports of electronic products, accelerating from the 16.4% expansion recorded in November. Exports of basic metals slowed, but still expanded 22.6% (November: +25.9% yoy), while plastics and rubber exports increased 25.7% (November: +32.1% yoy). Meanwhile, imports decelerated markedly from a 33.8% expansion in November to a 21.4% increase in December. As a result, the trade surplus widened from USD 0.4 billion in November to USD 1.6 billion. The strong recovery observed throughout the year saw exports rise to pre-crisis levels. The moving 3-month sum of USD 72.4 billion in December, matched the peak 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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