Taiwan Trade Balance


Exports decelerate sharply in August

In August, exports decelerated to a 7.2% increase over the same month last year, the slowest growth since October 2009, to USD 25.8 billion. The expansion was less than half both the 17.6% rise recorded in July and market expectations of a 15.5% expansion. The reading reflected sharp decelerations in the top five export commodities, particularly in electronic products (July: +14.7% year-on-year; August: +3.6% yoy) and in plastic and rubber articles (July: +29.1% yoy; August: +6.5% yoy). The government maintains its expectations that exports will remain strong on the back of global demand for new electronic products, particularly information and communication items, which continue to expand at a robust pace. Imports expanded 6.4% in August, also slower than the 14.0% increase registered in July. The trade surplus narrowed from USD 3.3 billion in July to USD 2.6 billion in August.


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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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