In November, exports expanded a subdued 1.3% over the same month last year to USD 24.7 billion, which was well below the 11.7% increase recorded in October, and marked the slowest expansion since November 2009. The monthly reading was also below market expectations, which had export growth easing to 8.6%. The reading reflects stronger growth in exports of mineral products and basic metals, which went some way to mitigating falls in electronic and plastic product exports caused by softening international demand. Imports fell 10.4% in November, which contrasted the 11.8% increase registered in October, and represents the first decrease since November 2009. The trade surplus thus narrowed from USD 3.3 billion in October to USD 3.2 billion in November.
Taiwan Trade Balance
Exports decelerate as foreign demand for electronic products wanes
December 8, 2011
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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.