Taiwan Trade Balance


Exports contract in October, trade balance improves

In October, exports contracted 1.5% over the same month last year, which represented a significant improvement over the sharp 7.0% contraction tallied in September. The print exceeded the 1.0% contraction the markets had expected. As the Ministry of Finance reported, the drop was mainly driven by a decline in exports of agricultural products.

On the other hand, imports contracted 2.8% in October, following the 0.7% drop registered in September. The reading marked a three-month low and contrasted market expectations of a 0.2% increase.

The trade balance recorded a USD 3.5 billion surplus in October. The print was slightly above the USD 3.3 billion surplus registered in the same month last year and exceeded market expectations of a USD 3.2 billion surplus.

FocusEconomics Consensus Forecast panelists expect exports to grow 3.1% in 2013 and 6.2% in 2014.


Sample Report

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


Taiwan Trade Balance Chart

Taiwan Trade12m October 2013

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.

    Read more

  • 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