Taiwan Trade September 2016


Exports fall and trade surplus narrows in September

In September, the trade surplus totaled USD 4.4 billion, according to data from the Ministry of Finance. The result was smaller than the USD 4.9 billion surplus recorded in the same month last year. In the 12 months up to September, the trade surplus totaled USD 48.0 billion (August: USD 48.5 billion surplus).

Exports decreased 1.8% annually in September to total USD 22.6 billion. Taiwanese overseas sales, which had increased in the two previous months, contrasted the 3.2% rise the markets had expected. The Finance Ministry did not show any concern regarding September’s result and attributed it, in part, to Typhoon Megi, which caused businesses to shut down for several days. Moreover, a Finance Ministry official stated that despite the disruption caused by the typhoon, exports of electronic components had continued to increase. The government expects exports to accelerate in the final quarter of 2016.

Meanwhile, imports totaled USD 18.2 billion in September, a 0.7% increase over the same month last year (August: -0.8% year-on-year). This marks the first increase in nearly two years.

FocusEconomics Consensus Forecast panelists expect exports to fall 0.1% in 2016 and to rise 1.3% in 2017.

Sample Report

Looking for forecasts related to Trade in Taiwan? Download a sample report now.


Taiwan Trade Chart

Taiwan Trade12m September 2016

Note: 12-month sum of trade balance in USD billion and annual average variation of the 12-month sum of exports and imports.
Source: Ministry of Finance (MOF) and FocusEconomics calculations.

Taiwan Economic News

  • 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.

    Read more

  • 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.

    Read more

  • 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.

    Read more

  • 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.

    Read more

More news

Search form