Taiwan Trade Balance


Exports remains robust in March

In March, exports increased 16.7% over the same month last year to USD 27.2 billion. The increase overshot market expectations that exports would expand 11.6%, but came 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 oil and raw materials prices. 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.


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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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