In May, exports increased 9.5% over the same month last year to reach a record-high USD 27.9 billion. The increase overshot market expectations that exports would expand 7.4%, but was a sharp moderation compared to the 24.6% rise recorded in April. In part, the slowdown reflects an unfavorable base effect as exports had surged 57.5% in May 2010. The increase reflected a 14.6% expansion in chemicals as well as a 10.6% increase in basic metals. The government expects exports to remain strong on the back of resilient global demand for electronic products. Meanwhile, imports expanded 19.4% in May, slower than the 25.7% increase registered in April. These developments saw the trade surplus narrow from USD 3.0 billion in April to USD 1.3 billion.
Taiwan Trade Balance
Exports pick up in May
June 8, 2011
Looking for forecasts related to Trade Balance in Taiwan? Download a sample report now.
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.