In February, exports rose 7.9% over the same month last year, which contrasted the 5.3% contraction tallied in January and marked the strongest expansion in eight months. The print came in above the 7.1% rise that markets had expected. Imports expanded a softer 4.9% in February, which contrasted the 15.2% contraction registered in January. The reading overshot market expectations of a 4.2% increase. The trade balance recorded a USD 1.6 billion surplus in February. The reading was above both the USD 0.9 billion surplus registered in the same month last year and market expectations of a USD 1.5 billion surplus. In the twelve months up to February, the trade balance surplus amounted to USD 38.6 billion (January: USD 38.0 billion). FocusEconomics Consensus Forecast panelists expect exports to grow 4.2% in 2014 and 6.9% in 2015.
Taiwan Trade Balance
Exports rebound in February
March 7, 2014
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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.