In March, exports fell 3.2% over the same month last year to USD 26.3 billion. The decline contrasted the 10.3% increase observed in February but undershot market expectations of a 4.5% drop. The monthly fall was primarily driven by declining shipments of textiles, chemical products and plastics. Imports contracted a sharper 5.8% in March, which contrasted the 1.3% rise registered in February. Nevertheless, the trade surplus shrank from USD 2.8 billion in February to USD 2.4 billion. According to the government, export growth will be limited by the slow global economic recovery but should increase somewhat amid an improving situation in Europe and better labour figures in the United States. The government expects export growth to reach 5.0% this year.
Taiwan Trade Balance
Exports decline in March
April 12, 2012
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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.