Taiwan: Exports bounce back in September
October 8, 2012
In September, exports expanded 10.4% over the same month last year to USD 27.2 billion. The figure contrasted the 4.2% drop observed in August and widely exceeded market expectations of a 1.0% rise. The reading marks the first increase in exports following six months of consecutive declines. The monthly rise mainly reflected a surge in shipments of mineral products. Meanwhile, imports added a milder 1.3%, which contrasted the 7.6% drop recorded in the previous month. As a result, the trade surplus reached USD 4.1 billion in September, up from the USD 1.8 billion surplus recorded in the same month last year. The figure exceeded market expectations of a USD 2.6 billion surplus and marked, in fact, the largest surplus recorded in nearly five years.