In March, exports increased 16.7% over the same month last year to reach USD 27.2 billion. The increase overshot market expectations that exports would expand 11.6%, but came in below the 27.3% rise recorded in February. The increase reflected a 20.3% expansion in basic metals, as well as a 16.8% increase in plastics and rubber exports, owing to rising prices for oil and raw materials. The government expects strong global demand for electronic products to sustain exports in the short term. Meanwhile, imports expanded 16.7% in March, slower than the 28.7% increase registered in February. As a result, the trade surplus widened from USD 0.9 billion in February to USD 1.8 billion. Exports continue to steam ahead, as the moving 3-month sum totalled USD 73.8 billion in March, which came in above the peak reached in August 2008.
Taiwan Trade Balance
Exports remain robust in March
April 11, 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.